Senior Manager, Financial Crimes Oversight Testing

Job title:

Senior Manager, Financial Crimes Oversight Testing

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the Opportunity?To conduct 2LoD validations / testing of issue management / controls within central functions and US businesses, including AML, Sanctions and ABAC. This requires proactive participation with oversight planning and scoping, fieldwork, and reporting. The role will also require continuous communication with stakeholders and Senior Management regarding issue management findings.What will you do?Execute FCOT’s Issue Management Oversight Plan:Perform effective challenge of Financial Crime issue closures under FCOT’s purviewLead on the validation of Financial Crime issue closures for US & Canada with a view to confirming sustainability of controls/processes to mitigate repeat issues. As needed, support the FCOT team with validations for other regionsDocument and maintain a validation activities schedule and communicate plan with stakeholdersSupport with the development of FCOT’s Framework for Issue Management/Validation including the development of standards, procedures and tools in support of implementation of the FrameworkProvide training to FCOT and relevant stakeholders on FCOT’s Issue Management/Validation FrameworkProvide effective challenge to ensure Financial Crime examination and self-identified issues and action plans are well-written and risk-appropriate, including assigned ratings for issues.Oversee Financial Crimes Issues Management activities including follow-up on the progress of Financial Crime issues to ensure resolution in a timely and reasonable manner or to ensure visibility of items that may slip or require extension, ensuring relevant approvals are obtainedConduct post-mortem reviews of issues raised by other internal and external assurance teams to identify areas for enhancement to FCOT’s testing/program.Oversight and Reporting Activities:Develop and provide regular metrics and reporting including KPIs and KRIs on FCOT’s issue management oversight and validation activities to key stakeholders and senior management, including the CAMLO and local governance forumProvide support to senior management during audit and regulatory engagementsConduct/maintain trend analysis of results of Financial Crime Issues raisedKeep abreast of regulatory trends and industry best practicesContribute to ongoing and ad-hoc projects and initiatives, including those related to the operationalization of the Enterprise Issue Management programGeneral:Participate in internal projects/ meetings in order to proactively gain insight to upcoming changes that might impact/influence oversight validation process.Ensure all paper and electronic files are maintained appropriately. Create and maintain various documentation suitable for Audit and Regulatory review.Proactively identify personal development opportunities, international trends and industry standards.Demonstrate a quality service approach through willingness to accept new assignments and adapt to changing directives.Gain in depth knowledge of Financial Crimes legislation to strengthen effectiveness of testingProvide support as a subject matter expert, applying proficient knowledge of subject matter content in field of specialization.What do you need to succeed?Must have:5-7 years of experience in AML SME within a 2nd line or audit testing function.Bachelor’s Degree or equivalent work experienceNice to have:Certified Anti-Money Laundering Specialist (CAMS)Internal Compliance Association (ICA) – AML Certification/DiplomaCertified Internal Auditor (CIA)Certified Financial Crimes Specialist (ACFS)Knowledge of International laws and regulations related to AML and ATFWorking background/experience with the major business segments of RBC or other FIsExperience as an AML SME within an Audit/Testing Function.Certified Anti-Money Laundering Specialist (CAMS) / ICA AML Qualification is an assetWhat’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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to build close relationships with clients#LI-Post#LI-Hybrid#TECHPJJob Skills Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Issue Management, Key Performance Indicators (KPI), Management Reporting, Operational Integrity, Organizational Governance, Process Management, Stakeholder Relationship Management, Strategic ThinkingAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-03-24Application Deadline: 2025-04-14Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Wed, 26 Mar 2025 03:10:42 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.