Aml Analyst Jobs

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

AML Analyst

What is the opportunity?

As an AML Analyst within the AML Compliance team, you will be supporting the AML Compliance function by executing various processes that maintain compliance with regulatory requirements and the firm’s AML Program. Demonstrate industry, product, and process knowledge within area/department and to other areas within the firm. Conduct surveillance and investigative work, understand regulatory and firm risks associated with work processes and dependencies to other areas and departments. Handle sensitive and escalated matters with discretion.

If you have strong interpersonal skills, enjoy working in challenging environment, and are looking for the next step in your career, we want to hear from you!

What will you do?

• Administer certain department OFAC responsibilities and provide OFAC guidance to business line representatives. Perform oversight of OFAC alerts reviewed by enterprise triage team. Participate in project and initiatives related to the firms CIP and OFAC Program
• Complete accurate reports for submission to law enforcement and regulatory authorities. Apply logic and AML knowledge to investigations on a case by case basis, recognizing the subjective nature of each individual situation
• Review and investigate alerts created from both automated and manual detection sources. Reviewing client patterns from referrals, often relating to heightened issues, and other manual sources to identify situations requiring additional investigation
• Continually increase knowledge of AML, including being familiar with AML risks presented to the firm in order to address questions and present information to business partners. Proactively identify and recommend improvement opportunities related to department processes, procedures, and the firm’s AML program
• Train new and existing staff members on department procedures, processes, requirements and enhancements
• 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
• Prepare concise, yet thorough, investigation summaries outlining relevant details to support a final outcome. Compile organized, well supported synopses for AML-related recommendations to be communicated to colleagues both in the field and in the home office
• Utilize information found on internal systems (BETALink, ClientSource, PostEdge, etc.) as well as in the public domain to complete activity analysis and make informed conclusions. Initiate communication and escalate situations as necessary with different teams within RBC

What do you need to succeed?

Must-have

• Bachelor’s degree, preferably in business, finance, accounting, or criminal justice
• Possess an understanding of the financial services industry especially in the securities industry, AML related regulations, and s patterns of behavior that represent suspicious activity
• Three + years of experience in a financial services/banking environment, with specific experience in AML, Compliance, or RBC Operations
• Knowledge of regulatory/compliance risk management and AML related requirements including BSA, USA PATRIOT Act, OFAC, and other applicable U.S. regulations
• Excellent communication and interpersonal skills

Nice-to-have

• CAMS designation
• Employee oversight or supervisory experience
• Series 7 & 63 or 66 licenses or ability to get the licenses within twelve months

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.

• Access to a variety of job opportunities across business
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Opportunities to do challenging work
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Opportunities to take on progressively greater accountabilities
• Work in a dynamic, collaborative, progressive, and high-performing team

WMUS

Job Summary

Address:

Minneapolis, Minnesota, United States of America

City:

USA-MN-MINNEAPOLIS

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-03-31

Application Deadline:

2023-04-30

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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