Manager, High Risk Sectors Strategy, High Risk - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Manager, High Risk Sectors Strategy, High Risk Client Management

What is the opportunity?

As Manager, you'll support the Senior Manager, High Risk Sector Strategy by providing direction and execution of core risk decisions related to the identification, review, management, and escalation of higher risk clients in certain high risk sectors by developing strategy documents for the risk assessment and enhanced due diligence (EDD) processes to mitigate against financial, regulatory, reputational, and legal risks at RBC using a risk-based approach.

What will you do?

Support the development, implementation, execution, and ongoing enhancements to the High Risk Sector programs
Prioritize and manage HRC EDD risk assessment workflow for units supported by the HRC Team and ensure that the Global Standards for Client Risk Management (CRM) and EDD are executed consistently
Communicate and follow up with business partners and/or stakeholders to obtain required information and/or documentation pertaining to risk assessments and high risk sector program development to ensure reviews/reports are completed within a timely manner
Provide feedback and support to the business and/or stakeholders to ensure adherence to AML/CTF compliance requirements and to mitigate any financial, regulatory, reputational and legal risk exposure to RBC
Provide insight on key regulatory themes and assess impact and applicability to HRC processes
Provide input into the development of processes, guidance documents, tools and job aids as required, in order to enhance the HRC Strategy and ensure compliance with regulatory and policy requirements
Provide feedback to the Manager/Senior Manager where gaps are identified regarding processes in order to ensure adherence to compliance with AML/CTF legislation, policies, and procedures
Contribute to and provide information to support requests from audit, regulators and/or supervisory bodies

What do you need to succeed?

Must-have

Undergraduate university degree or equivalent
2+ years' experience in financial crimes and/or money laundering investigations within banking, law enforcement, or a regulatory body
Strong written and verbal communications skills
Proven skills in coordinating problem solving and daytoday decisionmaking
Proficiency with the Microsoft Office suite of software

Nice-to-have

CAMS designation
Working knowledge of AML compliance requirements and regulations for Canada, US, Caribbean and other jurisdictions where RBC operates
Awareness of business units within RBC/Industry and how they interact/function
Highly developed writing skills and demonstrated experience in developing policies, guidelines, control standards, etc.

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed and communities prosper.

We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and highperforming team
Opportunities to take on progressively greater accountabilities

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-NS-BEDFORD, CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

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