Senior Analyst, Financial Crimes Risk Assessment

Job Description

What is the Opportunity?

The Senior Analyst, Financial Crimes Risk Assessment, will support in the execution and ongoing maintenance of Financial Crimes (“FC”) Risk Assessments, inclusive of Anti-Money Laundering (“AML”), Sanctions, and Anti-Bribery/Anti-Corruption (“ABAC”) for RBC US Wealth Management (“USWM”).

What will you do?

• Support the timely execution of comprehensive FC Risk Assessments for USWM

• Liaise with Enterprise Financial Crimes teams in relation to FC Risk Assessments and their outcomes

• Liaise with First and Second Lines of Defense (“1LOD/2LOD”) stakeholders at USWM to complete Risk Assessment-related tasks

• Facilitate the completion of Risk Assessment questionnaires (i.e., Controls Self-Assessment, Qualitative Risk, Products and Services) and related processes, as defined within the methodology

• Identify opportunities for training, communication, and procedural enhancements based upon observations or issues found within the FC Risk Assessment

• Liaise with 1LOD/2LOD teams to ensure consistency in the Risk Assessment across the CUSO

• Maintain documentation supporting the Risk Assessment process, as appropriate

• Support the Director, AML Program Management and Initiatives on program governance related matters such as Control Documentation, Control Self-assessments and Issue Management as time allows

• Support or manage responses to Internal Audit engagements, 2LOD monitoring and testing, and regulatory examinations as needed

What do you need to succeed?

Must-have

• Education Level: University degree or equivalent experience

• Experience: At least 2-4 years of risk and compliance management, and/or governance practices, including a working knowledge of financial crime related program requirements relating to BSA, OFAC and other relevant U.S. regulations

• Knowledge and experience developing, coordinating, and preparing management reporting.

• Adaptable to changing circumstances/priorities.

Nice-to-have

• Experience contributing to the implementation of financial crimes risk assessment procedures, training/communications, and internal controls.

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

• Flexible work/life balance options

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities  

• Access to a variety of job opportunities across business

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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 build close relationships with clients.

The expected salary range for this particular position is $70,000-$130,000 (Minnesota), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.