Oversees day-to-day operations of one or more business units of the corporation's Global Economic Sanctions function, including compliance with external international regulations.
What is the opportunity?
The role of Manager Global Economic Sanctions (GES) Investigations is responsible for reviewing client files and activity to assess and address any sanctions risk. Reviews and subsequent investigations ensure that client activity involving a sanctioned country, individual and/or entity is permissible under applicable sanctions regulations i.e. Canadian, US, EU and UK. In addition, this role is a point of escalation for capital markets, wealth management and I&TS and will provide sanctions guidance where required. This position is of critical importance and distinct from other areas within AML Compliance, and more broadly, Global Compliance.

What will you do?

• The role is critical to the mitigation of RBC regulatory / reputational / financial risk at RBC emanating from clients that may have a connection to a sanctioned country, individual and/or entity
• Manager GES Investigations is required to have or develop an in-depth knowledge of Canadian, US, UK and EU sanctions regulations
• Responsible for the day to day management of the global economic sanctions investigations queue and generic mailbox management
• Responsible for the investigation of client relationships where a possible nexus to a sanctioned country, individual and/or entity has been identified
• Responsible for the assessment of potential sanctions risks
• Responsible to ensure accurate documentation of investigations and assessment of sanctions regulations.
• Responsible for the management and maintenance of the RBC Internal List and the Known Associates List
• Act as a point of escalation to capital markets, wealth management and I&TS
• Identify clients who pose unacceptable sanctions risk to RBC and engage the Director GES for further guidance
• Participate in projects impacting the GES team’s processes and/or technology

What do you need to succeed?
Must-have

• 5-7 years Financial Industry Compliance or legal experience, ideally including sanctions experience
• Legal experience an asset
• Proficiency in a foreign language knowledge is an asset
• Prior experience as a sanctions investigator/payments analyst at a Canadian Financial Institution
• Regulatory Compliance Professional in Financial Institution
• Strong written and oral communication skills
• Prior knowledge of sanctions regulations and guidance

Nice-to-have

• 2+ years’ experience in Sanctions Investigations operations
• Proficient knowledge of US, EU, UK and Canadian sanctions regulations and geopolitics
• Knowledge of the global RBC organizational structure

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Anti Money Laundering Training, Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking
Additional Job Details
20 KING ST W:TORONTO TORONTO Canada 37.5 Full time GROUP RISK MANAGEMENT Contract (Fixed Term) Salaried 2024-10-27 2024-11-11
Inclusion and Equal Opportunity Employment