Deputy Money Laundering Reporting Officer

Support the BSA AML Officer of Royal Bank of Canada, Three World Financial Center Branch (3WFC Branch) in oversight and execution of the requirements of the AML/BSA program for 3WFC Branch. Provide ongoing AML subject matter and policy expertise to support Director, BSA AML Officer of 3WFC Branch, AML Operations and the field.

• Actively support the BSA AML Officer with interaction(s) with Audit & Regulators, assist with the timely resolution of requests for information and assist the BSA AML Officer in remediating Audit & Regulatory identified issues;

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

• Advise on AML/OFAC requirements and process as it relates to new or expanding 3WFC Branch products and services and associated AML/OFAC risks and controls related to those products and services;

• Coordinate with global Capital Markets AML & Financial Crime stakeholders on shared products;

• Supervise Investigation transaction monitoring team's review and resolution of system generated alerts;

• Oversee the Investigation's closure of transaction monitoring alerts relating to customers use of Cross Border Services;

• 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 ongoing supervision, guidance, and assistance with Suspicious Activity Report filings for 3WFC Branch with FinCEN;

• Oversee AML investigations for 3WFC Branch; coordinate Suspicious Activity and related regulatory reporting with other groups as appropriate;

• Provide effective AML oversight of 3WFC Branch products and services including the Cross Border service products;

• Deliver tailored AML training to the business and infrastructure groups as needed, update training materials, and oversee the completion status of AML & Financial Crimes required training;

• Assist in drafting required regulatory reporting and presenting to the 3WFC Branch BSA AML Officer (i.e. metrics, analysis on trends, issue management etc.);

• Provide regular updates to the Head of US CM AML, the 3WFC Branch BSA AML Officer and to 3WFC Branch Manager (where applicable), escalating significant issues when needed;

• Primary liaison with the Second Line of Defense Testing relating to the 3WFC Branch testing program and conduct any supplemental testing reviews where applicable;

• Assist with enhancements and updates to AML related policies and procedures on at least an annual basis;

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

• Manage US AML strategy related projects including project/task management and required documentation where applicable

• Assist in the RCM process relating to new regulations, guidance and enforcement actions impacting 3WFC Branch;

• Oversee and actively support the preparation of Business Unit and Product inherent AML/OFAC/ABAC risk assessments using RBC developed models and 3WFC Branch Risk Assessment;

• Maintain industry expertise through regular participation in AML related forums and training;

• Assist in the development and enhancement of internal AML controls;

• Assist with instilling a "culture of compliance and in ensuring that employees understand RBC vision, as well as support and reinforce targeted behaviors that contribute to achieving RBC goals;

Whats 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 $110,000 - $190,000 depending on factors including but not limited to the candidates 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.

RBCs 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 RBCs high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

#LI-DM1

Job Skills

AML Investigations, Anti-Money Laundering (AML), Anti-Money Laundering Compliance, Anti Money Laundering Training, Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Management Reporting, Office of Foreign Assets Control (OFAC), Organizational Governance, Strategic Thinking, Suspicious Activity Reporting (SAR), USA Patriot Act

Additional Job Details

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY Jersey City United States of America 40 Full time GROUP RISK MANAGEMENT Regular Salaried 2024-01-19 2024-02-29