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
Jersey City
Country :
United States of America
Work hours / week : Employment Type :
Employment Type : Full time
Full time
Platform :
GROUP RISK MANAGEMENT
Job Type : Regular
Regular
Pay Type : Salaried
Salaried
Posted Date : 2024-03-20
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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