Associate - US AML and Financial Crimes

Job Description

What is the Opportunity? Conduct and complete risk-based reviews in support of Royal Bank of Canada, Three World Financial Center Branch (including Cross Border) businesses, through the gathering, analysis and evaluation of relevant information in order to determine whether sufficient suspicion exists of money laundering, financing of terrorism or other criminal activities, to justify making a report to FinCEN for the purpose of complying with regulatory requirements and mitigating risk to RBC in line with established organizational policy What will you do?

Gather information / intelligence from all available sources in order to determine whether sufficient suspicion of money laundering, financing of terrorism or other criminal activities exists, to justify making a report to the relevant Regulatory Authority for the purpose of complying with legislative / regulatory requirements, and mitigating risk to RBC in line with established organizational policy

Recommend SAR filings to the Deputy and / or BSA AML Officer, and complete all required reporting elements

Assist with the oversight of monthly transactional surveillance alerts closed by GAMLAAT

Conduct investigations and draft suspicious activity reports, where appropriate, for the Cross Border businesses

Assist in the review and approval of Cross Border service applicants and other Cross Border related escalations from Global Economic Sanctions and the Financial Intelligence Unit

Assist with monthly and quarterly reporting for US AML and Enterprise management

Maintain accurate, contemporaneous records of all investigative actions and decisions taken, ensuring that all material and information obtained is treated in accordance with legal and regulatory requirements and RBC policy

Assist with coordinating responses to independent AML related audits and regulatory examinations

Recommend and facilitate the development of controls for mitigating AML risks, meeting regulatory requirements and other expectations

What do you need to succeed?

University degree or equivalent experience

Knowledge of anti-money laundering related requirements including BSA, USA PATRIOT Act, OFAC and other applicable U.S. regulations

Demonstrable knowledge of Capital Markets products and their use in Financial Crimes

Preferred :

Knowledge of banking systems and processes

In-depth knowledge of Capital Markets Banking products, their trade lifecycles, settlement flows, and their use in Financial Crimes

Strong AML knowledge

Strong knowledge of relevant predicate offences, e.g. Fraud

What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive 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, commissions, and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that :

• Drives RBC’s high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value Job Skills Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management Additional Job Details

Address :

GOLDMAN SACHS TOWER, 30 HUDSON STREET : JERSEY CITY

City : Jersey City

Country :

United States of America

Work hours / week : Employment Type :

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Pay Type : Salaried

Posted Date : 2024-03-20

Application Deadline :

2024-04-02

I nclusion 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.

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