Director, AML Client Exit

Job Description What is the opportunity?

As a Director, AML Client Exit, you will lead client exit activities related to financial crimes and AML risk, partnering with key stakeholders to ensure timely and effective execution in alignment with regulatory requirements and RBC’s risk appetite.

• Review exit recommendations from various groups within Financial Crimes ("FC") to ensure that:
  • The scope of the request is appropriate (i.e., inclusion or exclusion of any business lines and/or related parties), on an as needed basis.
  • The rationale is properly categorized & articulated with supporting evidence.
  • Subsequent actions taken are aligned to the risk observed.
• Provide an effective challenge function during the review & work with the submitting group (where applicable) to:
  • Enhance the consistency of a recommendation.
  • Enhance the rationale for the submission.
  • Withdraw the recommendation due to lack of compelling rationale to exit, where appropriate.
• Provide approval for exits which meet the criteria established and reject those which do not meet said criteria.
• Determine which files require escalation to a Committee and/or more senior audience.
• Work with the various FC groups to enhance the notification being sent to Business Units as part of the recommendation process.
• Define parameters under which the submitting group would be required to respond to subsequent business line inquiries or where the Director, AML Client Exit would take over communications.
• Upon review of recommendations, work with Business lines (where appropriate) on:
  • Communicating FCs concerns (while safeguarding sensitive details) in a manner that could be understood by the Business Unit(s).
  • Assisting in a potential line of questioning to the client to enhance RBCs knowledge of the client(s).
  • Building a sufficient business case for potential retention of the client.
  • A communication & exit strategy to the impacted client(s).
  • Communicating the outcomes of the review process in a clear & articulate manner.
• Keep appraised of RBC risk appetite, sector changes, regulatory changes and external best practices in order to extend all support functions.
• Collaborate internally to enhance the efficiency and effectiveness of RBC’s AML compliance program.
• Fulfill annual compliance training hour requirements.
• Promotes a values-based, respectful, flexible, and inclusive workplace; embraces diverse styles and perspectives.

• 7-10 + years of relevant experience
• Advanced experience in financial crime and/or money laundering investigations within banking, law enforcement, or a regulatory body
• Effective and strong oral and written communication skills
• Highly developed organizational skills
• Undergraduate degree—criminal justice, business preferred
• Demonstrated in-depth knowledge of RBC policies and procedures

• Certified Anti-Money Laundering Specialist (CAMS) designation
• Broad knowledge of anti-money laundering related requirements (Canada, US, EU)

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

• Work in a dynamic, collaborative, progressive, and high-performing team

• To be part of a large and growing global organization which puts client interests first and has a culture of fairness and accountability

Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Strategic Thinking

WATERPARK PLACE, 20 BAY ST:

TORONTO

Toronto

Canada

37.5

Full time

GROUP RISK MANAGEMENT

Regular

Salaried