Director, AML Compliance Regulatory Reporting

Director, AML Compliance Regulatory Reporting

Director, AML Compliance Regulatory Reporting

Job Overview

Location
Toronto, Ontario
Job Type
Full Time Job
Job ID
95411
Date Posted
1 year ago
Recruiter
Raymond Catherine
Job Views
119

Job Description

Job Description

What is the opportunity?

As Director, you are responsible for leading the AML Regulatory Reporting Program for large cash transactions (LCTs) and electronic funds transfers (EFTs), and for providing advice and counsel on regulatory requirements and expectations related to reporting. You provide oversight of the health of RBC’s regulatory reporting including completeness, accuracy and timeliness.  Additionally, you provide independent assurance to key stakeholders on the effectiveness and adequacy of RBC’s regulatory reporting practices and controls and continually evolve RBC’s regulatory reporting into an integrated, efficient and effective professional practice.  As Director, you attract and assist in the development of highly competent compliance professionals to ensure RBC maintains highly skilled and motivated resources.

What will you do?

  • Strengthen RBC’s existing FINTRAC reporting program through analysis of key controls to determine areas for improved effectiveness

  • Identify and implement operational solutions that will enhance and improve efficiencies of processes and address any rejects or warnings received from FINTRAC

  • Improve RBC’s reporting compliance through targeted analysis of existing reporting logic and rules to identify gaps/issues that may result in under or over reporting

  • Lead various initiatives/projects to enhance RBC’s reporting to ensure compliance with the amendments to the Proceeds of Crime Money Laundering Terrorist Financing regulations

  • Participate in working group sessions with FINTRAC to provide input and feedback on guidance, batch specifications and new forms under development for LCTs and EFTs

  • Responsible for management and oversight of VSDONCs and self-identified issues related to regulatory reporting gaps ensuring root causes are identified and gaps addressed

  • Mobilize FINTRAC reporting for regulatory exam readiness through participation on various initiatives and project plans and through testing RBC practices against the FINTRAC Assessment Manual to identify opportunities to enhance and ensure compliance

  • Act as the subject matter expert on the regulatory reporting requirements providing advice and counsel to stakeholders in various business lines

What do you need to succeed?

Must-have

  • 5+ years’ knowledge of Canadian AML laws and regulations

  • Excellent analytical, written and verbal communication skills

  • Strong impact and influence skills with business partners and senior stakeholders

  • Prior leadership and people management experience

  • Bachelor’s degree required

Nice-to-have

  • 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

  • Leaders who support your development through coaching and managing opportunities

  • Ability to make a difference and lasting impact

  • Work in an agile, collaborative, progressive, and high-performing team

  • The opportunity to interface with senior level executives from many different parts of the organization

Job ID: 95411

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