RBC is a leading financial institution, and they are seeking an AML Analyst to support their AML Compliance function. The role involves conducting surveillance and investigative work to ensure compliance with regulatory requirements and the firm's AML Program, while also providing enhanced customer service and problem-solving within the department.
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 escalate 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
Qualification
Required
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
Preferred
CAMS designations preferred
Benefit
401(k) program with company-matching contributions
