Vice President, Business Risk - AML, Sanctions & Financial Crimes

• What you will do?

• Facilitate proactive and effective identification and management of AML, Sanctions & Financial Crime requirements using Agile ways of working
• Work closely with business PMO teams to support management of key projects and initiatives on AML, Sanctions & Financial Crime items
• Drive and support key initiatives, team projects, and provide regular updates and status reporting
• Develop and support frameworks to proactively identify AML, Sanctions & Financial Crime control standards in new products implemented by the US Cash Management organization and challenge existing approaches
• Proactively identifies areas of opportunity to integrate AML, Sanctions & Financial crime changes with business initiatives
• Partners with stakeholders to review and provide recommendations on designing AML, Sanctions & Financial crime requirements for US Cash Management
• Ensure timely and up to date identification and documentation of risks, controls and issues relevant to AML, Sanctions & Financial Crime; periodic review, refresh and update of risks and controls inventory
• Drive and support control testing efforts related to AML, Sanctions & Financial Crime controls
• Periodic reporting of AML, Sanctions & Financial Crime KRIs and dashboards
• Orchestrate first line of defense for AML, Sanctions and Financial Crime incidences that arise out of transaction monitoring

• Key relationships are maintained with numerous RBC Groups including, but not limited to:

• Value Streams in US Cash Management
• Enterprise AML team
• Global Economic Sanctions
• AML IT & Sanctions IT

• What you need to succeed?

• 5+ years work experience in a corporate or banking setup
• Experience in Business Risk within first line or second line functions
• Experience in BSA/AML, Sanctions & Financial Crime within first or second line function
• Experience in interpreting, advising, and applying legal, regulatory, policy requirements and/or control standards
• Experience working on and supporting large transformational initiatives
• Experience in or excited to learn Agile way of working (e.g., create and manage a backlog, write user stories, track impediments, quick iterations which are done better than perfect)
• Ability to draw connections between AML, Sanctions and Financials Crime requirements and business initiatives, anticipating impediments and supporting the product teams to proactively clear the path
• Ability to both grasp big picture and have rigorous attention to detail
• Strong collaboration and interpersonal skills across diverse group of stakeholders
• Strong problem-solving skills with a results-oriented mindset

• Preferred

• Experience working in transaction banking at another FI
• US Cash Management experience

• 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

• The expected salary range for this particular position is $125,000-$190,000, 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.

  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
• Opportunities to building close relationships with clients
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Additional Job Details

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.