Royal Bank of Canada

Job Summary

This position supports the AML Compliance function by executing program governance processes that maintain compliance with regulatory requirements and the firm’s Anti-Money Laundering and Economic Sanctions Programs. The candidate will be able to provide credible challenge to U.S. Wealth Management AML processes through data analysis, testing, and knowledge of AML regulatory compliance framework.

Job Description

What is the opportunity?

This position supports the AML Compliance function by executing program governance processes that maintain compliance with regulatory requirements and the firm’s Anti-Money Laundering and Economic Sanctions Programs.

What will you do?

• Provide credible challenge to U.S. Wealth Management AML processes through data analysis, testing, and knowledge of AML regulatory compliance framework.
• Identify areas of concern in the control environment, research issues, and make recommendations as necessary
• Manage the regulatory compliance management framework for the U.S. Wealth Management AML program, including review and analysis of new regulations, policies, procedures, and controls.
• Coordinate exams, audits and independent reviews
• Perform testing of AML and Economic Sanctions control processes, including the application of relevant laws, regulations, policies, and procedures. Maintain clear, concise, and appropriate documentation of work performed as well as synthesizing complex work papers into a summary report of issues and observations.
• Deliver testing results in a professional manner through a variety of communication channels.
• Proactively identify and recommend improvements to enhance the effectiveness or efficiency of the U.S. Wealth Management AML Program.
• Assist in the comprehensive risk assessment of the U.S. Wealth Management AML Program.
• Participate in relevant projects and support to ad hoc requests pertaining to the U.S. Wealth Management AML Program.

What do you need to succeed?

Must-have

• Five or more years of experience in a financial services environment, with specific experience in AML,
• Audit, or Compliance.
• Extensive knowledge of regulatory/compliance risk management and anti-money laundering related
• requirements including BSA, USA PATRIOT Act, OFAC, and other applicable U.S. regulations.
• Bachelor’s degree, preferably in business, finance, or
• accounting.
• FINRA Series 7 license or willingness to obtain within
• six months of start date
• Excellent communication and interpersonal skills.
• Ability to prioritize and manage multiple tasks while ensuring that assigned job responsibilities and department goals are met.
• Demonstrate reliability, confidence, self-direction, flexibility, and strong attention to detail.
• Maintain accurate and complete records of actions taken with respect to job responsibilities.
• Ability to identify and escalate sensitive issues with discretion.

Nice-to-have

• Experience in testing, auditing, or quality control of compliance-related processes
• Advanced computer skills and previous exposure to database or data analysis technologies
• CAMS designation

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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

The good-faith expected salary range for the above position is $65,000 - $115,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value.

#LI-Hybrid

#LI-POST

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

Address:

250 NICOLLET MALL:MINNEAPOLIS

City:

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:

2025-05-06

Application Deadline:

2025-06-30

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.

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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 jobs.rbc.com.

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