Job Description

Job Summary

Job Description

What is the Opportunity?

This position supports the US WM AML Compliance function by executing various processes that maintain compliance with regulatory requirements and the firm’s AML Program. He/she must demonstrate expert industry, product, and process knowledge within the department and to other areas within the firm while conducting AML investigations, quality control, and transaction monitoring rule development for existing and new product.

What will you do?

• This position supports the AML Compliance function by executing various processes that maintain compliance with regulatory requirements and the firm’s AML Program.

• Demonstrate expert industry, product, and process knowledge within area/department and to other areas within the firm.

• Conduct investigation work, quality control and transaction monitoring rule development for existing and new cash management products, including P2P transactions.

• Conduct oversight of investigative work performed by Analysts to ensure the firm’s AML Program stays within expected parameters.

• Provide training and daily work direction to Analysts while understanding; regulatory and firm risks associated with work processes, how work is processed from beginning to end, and dependencies to other areas and departments.

What do you need to succeed?

• Bachelor’s degree, preferably in business, finance, accounting, or criminal justice.

• Series 7 & 63 or 66 licenses and/or willingness to obtain.

• 5 + years of experience in a financial services/banking environment, with specific experience in AML or Compliance.

• 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 broker-dealer industry, securities processing, and AML related regulations, as well as patterns of behavior that represent suspicious activity. 

• CAMS designation preferred.

• Employee oversight or supervisory experience preferred.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $65,000-$115,000 (Minnesota), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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:

2025-02-27

Application Deadline:

2025-03-07

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

I nclusion 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.
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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.

Job Tags

Full time, Flexible hours,

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