Associate Director, Deputy to the BSA AML Officer, RBC Capital Markets- U.S. Financial Crimes

Job Summary

Job Description

What is the Opportunity?

Support the BSA AML Officer of RBC Capital Markets, LLC (“RBCCM LLC”) and RBC CMA, Ltd (“CMA”) in the oversight and execution of Financial Crimes requirements of the for the broker dealer. Provide ongoing financial crimes subject matter and policy expertise to support the BSA AML Officer, and with 1LOD, 2LOD, and 3LOD.

What will you do?

• Actively support the BSA AML Officer with Audit & Regulator engagement and assist with the timely resolution of requests for information and reporting

• Coordinate with the BSA AML Officer in remediating any Audit or Regulatory identified issues

• Assist the BSA Officer with the oversight, monitoring, and effective challenge of the control environment

• Facilitate the development of controls for mitigating financial crimes risks and identify gaps/remedial steps (issue management) meeting regulatory requirements and other expectations

• Support the BSA Officer in managing the New Business Committee (NBC) Financial Crimes requirements and process as it relates to new or expanding products and services to evaluate financial crimes risks and controls as well as coordinating with global CM Financial Crime stakeholders on shared products

• Act as subject matter expert with respect to Financial Crimes requirements including handling AML inquiries with 1LOD infrastructure groups

• Review and advise, with the relevant teams, in the creation of AML surveillance rules, data feeds, interfaces, and address other issues required for the effective functioning of the AML monitoring system

• Provide oversight over the Capital Markets FIU’s transaction monitoring team's review and resolution of detection incidents (system alerts) generated

• Provide ongoing supervision, guidance, and assistance with Suspicious Activity Report filings for the broker dealer with FinCEN and ensuring proper risk mitigation

• Support the BSA Officer to provide material input into the Risk Assessment for the broker dealer

• Advise on product risk and assess impact to the Client Risk Rating model and Risk Assessment

• Assist in drafting the quarterly US CM Quarterly AML Report and presenting to the BSA AML Officers and US senior financial crimes management (i.e. metrics, analysis on trends, issue management etc.) and other reporting as applicable (i.e. regulatory)

• Active member of the CUSO Financial Crime Management Committee

• Act as subject matter expert with respect to Financial Crimes requirements including handling AML inquiries from the front and back office and infrastructure groups

What do you need to succeed?

• 4+ years of relevant work experience

• Extensive knowledge of risk management and anti-money laundering related requirements including BSA, USA PATRIOT Act, OFAC, FCPA and other applicable U.S. regulations

• Strong knowledge of the broker dealer (e.g. securities; investment banking; etc.) and understanding of their associated overall financial crimes risks, e.g. market manipulation & insider trading

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

• Knowledge of systems (especially related to suspicious activity monitoring}, technology and database management preferred

• Understanding of relevant emerging risks a plus (e.g. cryptocurrency) preferred

• Skilled in Investigative Open-Source research preferred

• University degree preferred

• Effective and strong written and oral communication skills

• Intuitive and inquisitive thinker – demonstrated critical thinking skills

• Strong interpersonal skills

• Ability to impact, influence and take the initiative.

• Highly developed organizational skills

• Ability to understand and articulate financial crime risks as perceived in specific cases and more broadly;

• Skilled in Microsoft Office Outlook, Excel, Word applications. – (Level 2 or above)

• Frequent expenditure of effort (about 2 to 4 hours at a time on average), resulting from activities such as the preparation of complicated reports or analysis requiring extensive attention to detail, and / or extensive concentration when using a computer, with limited opportunity to exercise choice of action

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 ab