Analyst- High Risk Sectors; MSB

Position: Analyst- High Risk Sectors (MSB)

Job Description

What is the opportunity?As Analyst, High Risk Client Management you will conduct Enhanced Due Diligence (EDD) analysis on Canadian Commercial Retail Banking clients operating in certain high-risk sectors (specifically Money Service Businesses, MSBs) in order to assess whether a client is within RBC’s AML Risk Appetite. These analyses are conducted at onboarding and on an ongoing basis and involve research using RBC approved techniques and tools to identify high risk factors and recommend mitigating actions where applicable.

You prepare client risk assessments to effectively communicate the materiality of any AML risk exposure, such as Money Laundering (ML), Terrorist Financing (TF), sanctions, and material relevant adverse information, etc. for Senior Management’s review and approval.

Conduct research and investigations using RBC approved techniques and tools to evaluate if a client presents a higher level of ML / TF, regulatory and reputational risk to the Bank.
What will you do?

Develop subject matter expertise on identifying and managing AML risks of clients operating in the MSB sector.

Work with business partners and stakeholders to ensure that all issues /reviews are escalated appropriately within defined timelines and in accordance with RBC’s policies and procedures.

Assess self-training and self-development needs based on the requirements of the role in order to facilitate review of Personal Development plan with Manager/ Senior Manager as required.

Complete mandatory RBC training on a timely basis and keep abreast of current industry knowledge, best practices, and skills sets relevant to AML/CTF, and other related regulatory.

Provide input into the development of processes, guidance documents, and job aids as required, to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements.

Provide feedback to the Manager/Senior Manager where gaps are identified regarding processes in order to ensure adherence to compliance with AML / CTF legislation, policies, and procedures

What do you need to succeed?
Must-have:

Knowledge of and/ or experience in AML Compliance, Financial Crimes investigations, working knowledge of AML compliance requirements and regulations for Canada, experience working in law enforcement or the financial sector or financial regulatory oversight.

Knowledge of AML regulatory obligations on both Money Services Businesses and the Financial Institutions that bank them, including the PCMLTA and PCMLTFR.

Skilled in Microsoft Office Outlook, Excel, Word applications.

Strong investigative and problem-solving skills.

Strong analytical aptitude and risk mindset.

University degree or equivalent experience.

Nice-to-have

CAMS Designation

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.

A world-class training program in financial services.

Flexible work/life balance options.

Opportunities to do challenging work.

Opportunities to take on progressively greater accountabilities.

Job Skills
Accounting, Business Mathematics, Decision Making, Detail-Oriented, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Group Problem Solving, Oral Communications, Results-Oriented, Teamwork
Additional Job Details

Address:

20 KING ST W:

TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Final date to receive applications:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveI
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