Sr Mgr AML Program & High Risk Oversight

• Maintains the AML/BSA Policy, Standards and all related procedures, guides, tools needed to ensure clarity of critical AML processes. Assists in the development of and/or changes in the procedures of various departments to ensure AML/BSA compliance issues have been adequately addressed.
• Mitigate AML risk through managing the AML Risk Assessment process including documenting and following up on action plans. Execute and update risk assessments processes such as client risk ranking, product risk assessments, and country risk assessments.
• Support the Director, AML Compliance in acting as an advisor in new product/service development and integrated risk profile/risk assessments to ensure that AML/BSA/OFAC/ABAC compliance risks are identified and addressed.
• Manage and/or oversee High Risk Clients processes to include periodic due diligence reviews. Identify emerging risks and recommend controls to adequately mitigate risks.
• Assist in the preparatory work prior to AML/BSA/OFAC internal audits and regulatory examinations and as a key point of contact during audits/exams
• Develop and maintain the AML Compliance testing program and plan in coordination with Global AML Compliance. Create or validate test scripts to facilitate compliance testing of key AML processes and as required conduct tests and communicate results to process owners.
• Support the Director, AML Compliance in overseeing processes performed by the RBC AML FIU as part of the Target Operating Model (TOM) to enable full transparency
• Support the Director, AML Compliance as required in decisioning monthly transaction monitoring alerts, reviewing/closing completed AML Investigations and filing SARs
• Manage AML training and communication strategy for RBCB. This includes the maintenance of an overall training approach and the development/creation of training materials as needed, through collaboration with Global AML Training.
• Utilize BSA/PATRIOT ACT/OFAC knowledge to research and identify industry best practices and to provide recommendations on implementation
• Ensure intranet sites are updated so that employees have access to current policies, procedures and guidance
• Manage strategic AML projects that directly impact the success of the overall AML program
• Support the Director, AML Compliance in the execution of the ABAC mandate
• Conducts ongoing AML research using resources such as Internet websites and/or AML/BSA related publications to maintain knowledge of current events and trends affecting compliance with AML regulations.
• Understands and adheres to Workplace Policies, Code of Conduct, privacy and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes. Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures.

MANAGERIAL RESPONSIBILITIES

• Ensure that employees understand RBC vision, as well as support and reinforce targeted behaviors that contribute to RBC goals.
• Provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.
• Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset.
• Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities

Preferred:

• Certified Anti-Money Laundering Specialist (CAMS) designation
• RBC Experience

In support of the RBCBG AML Program, the Senior Manager, AML Program & High Risk Oversight will:

Manage the development and maintenance of Policies, Standards, Procedures and Guidance

Advise RBCB business management and staff on implementing the AML Policy in operating procedures
Act as an advisor and participate in integrated risk profile reviews for new product/service development to quantify AML/BSA/OFAC/ABAC compliance risks
Participate and execute requirements for the enterprise AML risk assessment and prepare the local AML risk assessment

Provide key support to the Director, AML Compliance & BSA Officer in overseeing functions executed by the Global AML Financial Intelligence unit (FIU) to enable local management to have full transparency

Manage and/or oversee High Risk Clients processes
Execute on the metrics and reporting strategy and work with various business partners to gather and analyze metrics
Manage various communication channels to ensure appropriate AML message reach target audiences
Oversee AML Compliance Testing Programs and Plans, develop test scripts and conduct tests as required
Oversee AML training including tracking of results and training content
Act as the back-up to the Director, AML Compliance & BSA Officer with full related responsibilities and authorities as outlined below Raleigh, North Carolina, United States of America USA-NC-RALEIGH United States of America 40 Full time Group Risk Management Regular Salaried 2023-03-27