Job Description

Overview Job Description: This position supports the AML Compliance function by executing various processes that maintain compliance with regulatory requirements and the firm’s AML Program. Responsibilities Demonstrate industry, product, and process knowledge within area/department and to other areas within the firm. Conduct surveillance and investigative work to ensure the firm’s AML Program stays within expected parameters. Understand regulatory and firm risks associated with work processes, how work is processed from beginning to end, and dependencies to other areas and departments. Provide enhanced customer service, process/data analysis, and problem solving within the area/department. Handle sensitive and escalated matters with discretion. Review and investigate alerts created from both automated and manual detection sources. Review client patterns from referrals, often relating to heightened issues, and other manual sources to identify situations requiring additional investigation. Utilize information found on internal systems (BETALink, Salesforce, ClientSource, PostEdge, etc.) as well as in the public domain to complete client and activity analysis and make informed conclusions. Initiate communication and elevate situations as necessary, engaging personnel within Compliance, Private Client Group, Clearing & Custody, and/or home office operations. Prepare concise, yet thorough, investigation summaries outlining relevant details to support a final outcome. Complete accurate Suspicious Activity Reports for timely submission to FinCEN. Apply logic and AML knowledge to investigations on a case-by-case basis, recognizing the subjective nature of each individual situation. Review scanning alerts to identify and mitigate both AML and sanctions risk. Proactively identify and recommend improvement opportunities related to department processes, procedures, and the firm’s AML Program. Identify and communicate department guidelines, assist in building controls, and participate in data analysis, testing, and transaction monitoring alert reviews. Assist in the creation and amendment of job aids, policies, and procedures to ensure compliance and efficient practices. Participate in regulatory or audit documentation gathering, preparation, and analysis. Qualifications 2+ years of experience in a broker-dealer/financial services/banking environment, with specific experience in AML, Compliance, or RBC Operations. Bachelor’s degree, preferably in business, finance, accounting, or criminal justice. FINRA Series 7 & 63 or 66, or willingness to obtain. Knowledge of regulatory/compliance risk management and AML related requirements including BSA, USA PATRIOT Act, OFAC, and other applicable U.S. regulations. Possess an understanding of the financial services industry, AML related regulations, and patterns of behavior that represent suspicious activity. Knowledge of the securities industry and how it can be used for money laundering in order to provide effective guidance to other members of the department. Excellent communication and interpersonal skills. Advanced computer skills – previous experience with databases and querying capabilities a plus. Ability to prioritize and manage multiple tasks while ensuring that assigned job responsibilities. Ability to understand and efficiently analyze information from multiple sources. CAMS designations preferred. Benefits A comprehensive Total Rewards Program including competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off. 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 build close relationships with clients. Salary Base salary range: $50,000 – $85,000 per year. Variable compensation is available through RBC’s discretionary variable compensation program in addition to base pay. Equal Employment Opportunity RBC is an equal opportunity employer and encourages applicants from all backgrounds. The candidate selection process is fair and consistent, and the employee assessment is based on knowledge, skill, aptitude, experience and performance. #J-18808-Ljbffr RBC

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