Job Summary

Job Description

What is the opportunity?

The Global Economic Sanctions (GES) team is a unique function within the Financial Crimes that provides support to Global AML Compliance teams and Business Units at an enterprise level for Canadian, US, UK, EU/Europe, APAC and Caribbean economic sanctions.

What will you do?

Act as a subject matter expert at the enterprise level for Canadian, US, UK, EU and global economic sanctions. Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflecting the control environment. Prepare sanctions risk assessment executive summary report and detailed report. Review large amount of quantitative data which feeds into the IRCA to calculate quantitative risk rating, verify the data mapping and aggregation, visualize the data and key findings, and automate the end-to-end IRCA process where applicable. Conduct quality assurance review on qualitative risk questionnaire and control questionnaire to provide 2nd line challenges on the appropriateness of risk rating and the adequacy and effectiveness of the controls; Complete Sanctions Product & Service Risk Assessment, and assign Sanctions product risk ratings with stakeholders concurrence. Assess and review sanctions policies and procedures developed by global business units and/or local compliance teams; review and recommend amendments to the enterprise sanctions policy and standards based on knowledge of the global sanctions environment. Assist in audit, testing or regulatory exams related to sanctions. Assist in tracking and closing sanctions-related issues. Develop and update sanctions related training. Produce sanctions dashboard and management reporting on sanctions compliance program. Complete other ad-hoc assignments supporting GES program oversight team.

What do you need to succeed?

Must-have

2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external).University Degree in law, finance/business, or engineering.Strong data manipulation, analysis and validation skills, including high proficiency in Microsoft Excel (e.g. pivot table, complex formula, VBA etc.)Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs for executive reporting etc.)Ability to conduct research, as well as analyze and understand large volume of sanctions requirements or regulations.Ability to thrive in a high-pace and high-pressure working environment.

Nice-to-have

Canadian or international legal training with an undergraduate or graduate degree in law.Lawyer or Management Consultant with experience in Regulatory Compliance, AML or economic sanctions.Previous sanctions compliance experience in Financial Institution.Called to the Bar in Canada or in local jurisdiction (for foreign-trained lawyer).Master of Business Administration.CAMS, CSS or equivalent certification.Proficiency in coding (e.g. Python Pandas).Data visualization experience (e.g. Tableau Desktop).

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-24

Application Deadline:

2025-01-11

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.