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

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

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 build close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 (New Jersey), 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

#LI - Hybrid

#LI - POST

Job Skills

Additional Job Details

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