Associate Director, Deputy to the BSA AML Officer, RBC Capital Markets, LLC & RBC Wealth Management - U.S. Financial Crimes

WHAT IS THE OPPORTUNITY?

The Deputy BSA officer will play a critical role in strengthening the firm’s AML Program, managing regulatory risk, and supporting the firm’s broader compliance objectives. The role offers invaluable experience in the unique components of AML Program administration, along with exposure to senior leadership, regulatory relations, and key business partners. The Deputy BSA Officer will have the ability to influence strategic decisions and drive continuous improvement across a complex organization.

WHAT WILL YOU DO?

Actively support the BSA AML Officer with requests related to Audit & Regulator engagement, Risk Assessment, RCSA, Regulatory Change Management, and other components of AML Program governance

• Lead in drafting AML Program update reports and presenting to senior financial crimes management (i.e. metrics, analysis on trends, issue management etc.) and other reporting as applicable (i.e. regulatory) with oversight from the BSA Officer
• Ensure that US AML regulatory obligations (BSA/USA PATRIOT Act/AML Act and updates to the CDD Rule) are met
• Deliver tailored AML training to the business and infrastructure groups as needed, update training materials, and oversee the completion status of Financial Crimes required training
• Provide ongoing supervision, guidance, and approval of Suspicious Activity Report filings for the broker dealer with FinCEN and ensuring proper risk mitigation
• Assist with the development and updates to Financial Crimes related policies and procedures on at least an annual basis
• Act as subject matter expert with respect to Financial Crimes requirements including handling AML inquiries from the front and back office and infrastructure groups

WHAT DO YOU NEED TO SUCCEED?

Must have:

• Undergraduate degree coupled with Extensive knowledge of risk management and anti-money laundering related requirements including BSA, USA PATRIOT Act, OFAC, FCPA and other applicable U.S. regulations

• Demonstrated ability in written and oral communication skills along with strong presentation skills. Ability to determine the information and communication needs of the stakeholders and project..

• Strong organizational, project management and time management capabilities.
• A strong understanding of financial services and retail wealth management industry.
• Deadline-driven and results-oriented; able to meet consistently high quality standards while handling a variety of tasks and deadlines simultaneously.

Nice-to-have: 

• Strong ability to apply regulatory requirements to development of risk-based, reasonable AML, Economic Sanctions and ABAC to relevant business models, as well as diversified products;
• Understanding of relevant emerging risks preferred (e.g. cryptocurrency)
• In-depth knowledge of securities brokerage products, their trade cycles, settlement flows, and their use in Financial Crimes undefined

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

The expected salary range for this particular position is $90,000- $160,000 (Minnesota), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.