AML Analyst, High Risk Sectors

Job title:

AML Analyst, High Risk Sectors

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the Opportunity?As Analyst, High Risk Sectors, you will support the Senior Manager, High Risk Sectors by executing risk assessment and enhanced due diligence (EDD) processes to assess if a client is within RBC’s AML Risk Appetite. You will support one or more of: Correspondent Banking, Money Services Businesses, Cannabis Related Businesses, White Label ATMs, Alternative Lenders, Cheque Cashers, Payment Processors, Virtual Asset Service Providers, or other sectors identified as presenting higher risk of money laundering.What will you do?

• Prioritize and conduct AML and Anti Terrorist Financing (ATF) analyses and provide Key Risk Indicators for the purpose of mitigating financial, regulatory, reputational and legal risk to RBC for higher risk clients.
• Investigate and conduct research using RBC approved techniques and tools to assess if a client presents a higher level of AML regulatory or reputational risk to the Bank.
• Assign an appropriate risk rating to Personal and Commercial Retail Banking clients in accordance with RBC’s risk rating methodology.
• Prepare high quality written reports for Senior Management review that effectively communicate your findings and recommendations.
• Work with stakeholders to gather and analyze information and ensure that all required matters are escalated appropriately and are conducted within defined timelines and in accordance with RBC policies and procedures.
• Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML, ATF, and other regulatory matters in support of the analytical function.
• Update and maintain files ensuring accuracy, timeliness, and thoroughness with an emphasis on quality.
• In conjunction with Team Leaders and Managers, develop and maintain a network of internal partners and external peers in the industry to support analytical requirements.

What do you need to succeed?Must-Have:

• Strong written and oral communication skills
• Highly developed organizational skills and the ability to work within strict deadlines
• 2 – 5 years of experience in the financial services industry
• Demonstrated knowledge of or experience in AML Compliance, Financial Crimes investigations (within law enforcement or the financial sector), or financial regulatory oversight
• Knowledge of banking systems and processes
• Strong AML knowledge – CAMS designation preferable

Nice-to-have:

• University degree or equivalent experience
• Strong knowledge of relevant predicate offences, e.g. fraud knowledge is considered an advantage
• Strong organizational and time management sills
• Skilled in open source research
• Language skills (French, Cantonese, Mandarin)

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

#LI-Hybrid
#LI-POSTJob Skills Coverage Analysis, Detail-Oriented, Information Capture, Insurance Claims Investigations, Insurance Fraud Investigations, Interview Techniques, Liability Loss Control, Litigation Management, Risk Assessments, Vendor ManagementAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: Contract (Fixed Term)Pay Type: SalariedPosted Date: 2025-06-09Application Deadline: 2025-06-23Note: 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, 11 Jun 2025 04:34:58 GMT

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