Royal Bank of Canada
Job title:
Director Global Client & Payment Screen
Company
Royal Bank of Canada
Job description
Job Summary
Job Description
What is the opportunity?
The Director, Client and Payment Screening uses their AML experience and analytic capabilities to develop and implement the strategy for the GES/AML/ATF screening program that considers regulatory expectations, industry trends and strategic innovation opportunities. The Director will lead a team that assesses strategic screening solutions, develops screening models using the latest analytic techniques including machine learning / predictive analytics, creates model white papers, develops processes to manage internal and external data sources (list management) and reviews execution of the monitoring program on an on-going basis. The Director will approve all recommendations regarding model design, parameters, thresholds, alert risk scoring, above-the-line and below-the-line testing for review by the appropriate business executive / committee.
What will you do?
- Apply strong analytic capabilities and AML expertise to lead the development and maintenance of all AML/ATF/GES Client and Payment Screening models deployed globally across RBC platforms.
- Oversee the development of Model White Papers of all screening solutions to ensure transparent communication of model design and performance to various stakeholders.
- Lead the design, development, tuning and optimization of RBC’s client and payment scanning models / solutions globally to ensure optimal efficiency and effectiveness.
- Manage the tuning and optimization of screening models such as Global Name Management and Fircosoft by establishing appropriate methodologies (e.g. initial threshold setting, tuning, and above-the-line testing/below-the-line testing methodologies).
- Ongoing assessment and development of screening strategies to reflect the changing financial crimes regulatory environment and related emerging risks.
- Develop a strategy to assess and acquire data and recommend the optimal method to use list data (e.g. scanning, social network).
- Oversee the development and implementation of tactical and supplementary client scanning solutions.
- Collaborate with GES compliance officers to develop effective sanction oversight controls for clients opening restricted products.
- Escalation and tracking of data related issues impacting efficiency and effectiveness of screening models.
- Apply strong analytic capabilities and AML expertise to lead the development and maintenance of the Financial Crime Country Risk Rating (FCCRR) Methodology
- Partner with business partners, industry peers and external vendors to improve effectiveness and efficiency of scanning program.
- Identifying industry best practices and new technologies (such as predictive analytics / machine learning) for strategic consideration by the AML Monitoring and AML Governance Committee
- Recruit and manages a high-performing team of data scientists, data analysts and subject matter experts, ensuring their development and engagement on active mitigation of financial crime risks.
What do you need to succeed?
Must have
7-10 years of relevant experience.
Demonstrated understanding of AML/Sanctions regulations, related compliance requirements and regulatory expectations. * Prior experience successfully implementing and tuning sanction screening models in a financial institution context.
- Undergraduate or Post Graduate degree in Business/Commerce or Data Analysis / Data Engineering.
Nice to have
- Graduate degree (MBA or relevant subject matter area)
- Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications
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
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients
- Access to a variety of job opportunities across business and geographies
- The successful candidate will need to establish and maintain productive working relationships with Advisors and individuals at all levels, both internally and externally.
Job Skills Anti-Money Laundering (AML), Business Perspective, Communication, Consulting, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Strategic Thinking
Additional Job Details
Address: 20 KING ST W:TORONTO
City: TORONTO
Country: Canada
Work hours/week: 37.5
Employment Type: Full time
Platform: GROUP RISK MANAGEMENT
Job Type: Regular
Pay Type: Salaried
Posted Date: 2024-01-12
Application Deadline: 2024-01-26
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Expected salary
Location
Toronto, ON
Job date
Sun, 14 Jan 2024 07:35:07 GMT
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