Manager, HRS Alert Analysis

Job Description What is the opportunity?

The Manager, HRS Alert Analysis is responsible for performing second-level triage and making risk-based decisions on alerts and cases that require due diligence. The role involves evaluating client activity against established risk appetite frameworks, determining whether further investigation is warranted, and ensuring thorough and accurate documentation of all findings. As a subject matter expert, the Manager leads the review of payment and name screening alerts related to High Risk Sectors ("HRS"), applying approved methodologies and tools to conduct name matching analysis and assess potential risk exposure.

The Manager is also responsible for overseeing the Fircosoft Live Alerts (“FIRCO”) process, including real-time assessment of trade finance transactions to determine whether they should be released or escalated for further review based on regulatory expectations and internal risk management policies and standards.

• Operate effectively within a high-volume, time-sensitive environment, maintaining quality and accuracy under tight deadlines and flexibility to support FIRCO coverage during select public holidays.
• Conduct thorough reviews of alerts, including real-time analysis of live Trade Finance transactions, to identify potential AML and financial crime risks, and ensuring strong risk-based assessments.
• Ensure timely, accurate, and well-documented alert commentary, including detailed rationale and uploading supporting evidence into applicable systems (e.g., Fircosoft, Trade
  360, Excel, etc.)
• Directly responsible for reviewing alerts within the aforementioned workflows to identify suspicious activity, determine materiality, and take appropriate action. Review of the multiple workflows should always ensure adherence to internal policies, regulatory requirements, and operational standards.
• Escalate complex or high-risk alerts for further investigation to the appropriate stakeholder(s), while independently triaging alerts where risks can be mitigated in alignment with established procedures.
• Provide subject matter expertise and ongoing feedback to Senior Management to enhance the quality and consistency of name screening, risk assessment practices, and workflow efficiency. Maintain a high-quality level of alert adjudication and ensure strong rationale and judgement is used for the purpose of mitigating financial, regulatory, reputational, and legal risk to RBC.
• Collaborate with internal stakeholders to ensure timely escalation and include all material information, and align with HRSAA’s internal processes, when applicable.
• Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML/ATF and other regulatory matters in support of the analytical function. Reviews and takes appropriate actions on alerts and cases flagged for payments related to high-risk sectors, as defined in the respective High Risk Sectors Alert Analysis (HRSAA) processes. These include, but is not limited to, workflows such as Email Money Transfers for Cannabis-Related Businesses, Quarterly Enhanced Transaction Monitoring, CLF and Potential MRB Daily Name Scanning, Monthly Wire Scans, and others.

• Strong knowledge of AML/ATF regulations, financial crime typologies, and risk management principles
• 2+ years’ experience in financial crime and/or money laundering investigations within banking, law enforcement, a regulatory body, or equivalent.
• Proficient experience with Microsoft Excel
• Strong analytical and critical thinking skills, with attention to detail and accuracy

• CAMS designation
• Trade finance knowledge and experience is considered an asset
• Subject matter expert in name screening, transaction monitoring, and the cannabis industry

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