Job Summary

You are part of a second line testing team responsible for performing Oversight Testing \"OT\" and Quality Assurance \"QA\" on all Sanction investigations from the Global Economic Sanctions (“GES”). As a subject matter expert, you will be proactively identifying risks and assess the relevant controls of the Sanctions processes. You are also responsible for providing management timely reporting and escalation on results of Continuous testing.

Job Description

What is the opportunity?

In support of the RBC Financial Crime Program, the \"Manager, Oversight Testing, Financial Crimes\" conducts independent oversight testing on the design and effectiveness of first and second Line of Defense controls related to RBC’s compliance with global economic sanctions laws and regulations as part of Global Economic Sanctions (GES) end-to-end review. This requires proactive participation with oversight scoping, fieldwork, and reporting of findings to relevant stakeholders as well as escalating issues to senior management, when necessary.

What will you do?

Responsible for supporting all Oversight Testing \"OT\" end-to-end activities for the Sanctions that may include payments and client/country screening, trade finance screening and securities blockingConduct regular OT Reviews as assignedStay current with Investigative Process Procedures and GuidelinesAwareness and follow-up on issues/recommendations and ensure resolution thereof in a timely and reasonable mannerConduct/maintain trend analysis of results of oversight testingAssists the Senior Manager OT in developing documented OT unit procedures/ standards, reviewing regularly, and updating as neededAwareness of Regulatory Change Management changes, and ensuring they are incorporated in testingAssists with preparing and delivering presentations to business partners, selecting the appropriate approach based on the audience

What do you need to succeed?

University degree in business, international affairs, or equivalent experienceACSS or equivalent sanctions designation or obtain within a reasonable timeStrong knowledge of Sanctions process and riskUnderstand issues managementKnowledge of Canadian and International Sanctions laws & regulations (ideally US, EU and UK)

Nice-to-have

CAMS designation preferable Knowledge of AML and ATFKnowledge of RBC business units, products, and core RBC Sanctions (Central & Local) processesKnowledge of Capital Markets or Wealth Management

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 applicableLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesFlexible work/life balance optionsOpportunities to take on progressively greater accountabilities          Access to a variety of job opportunities across business and geographies

Job Skills

Anti-Money Laundering (AML), Business Units, Critical Thinking, Decision Making, Detail-Oriented, End-to-End Testing, Management Reporting, Proactive Approach, Process Management, Risk Management

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-15

Application Deadline:

2025-01-30

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 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.

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