The AML Investigator supports and/or performs the day-to-day execution of regulatory processes, in particular processes designed to identify and mitigate Anti-Money Laundering (AML) risk surrounding Customer Due Diligence (CDD), Know Your Customer (KYC), Client Risk Rating (CRR), transaction monitoring/investigations/Suspicious Activity Reports (SARs) and OFAC requirements. Additionally, the AML Investigator will support the ongoing AML compliance program through the execution of other regular processes related to regulatory or policy requirements, as required.
What will you do?
Assist the Senior Manager of AML Investigations with the ongoing maintenance of the AML Compliance Program for RBC Bank and/or the RBC US Wealth Management Credit Branch
Review manual and/or automated escalations to sustain an effective AML transaction monitoring process for RBC Bank. Conduct investigations and maintain appropriate documentation for all conclusions (SAR/No SAR). Make recommendations for the filing of Suspicious Activity Reports (SARs), client risk rating, and demarketing of clients. Prepare timely and thorough SARs as necessary.
Support Global AML investigations and/or demarketing efforts involving RBC clients, working with colleagues across Global Compliance on joint investigations, as needed.
Serve as escalation point for potential sanctions hits as identified through Control List Filter (CLF) and other local OFAC processes.
Maintain compliance-related records and tracking sheets for referrals from both internal and external partners including but not limited to subpoenas, requests from law enforcement for supporting documentation, Unusual Transaction Report (UTR) referrals, Fraud referrals, OFAC clearance
Support RBCBG Fraud as necessary on Fraud Investigations and complete related SARs
Execution of 314(a) searches and resolution of potential matches, as needed.
Initiate and respond to 314(b) requests with other participating financial institutions
Periodic filing of Currency Transaction Reports (CTRs)
What do you need to succeed?
Undergraduate degree
2 to 4 experience in AML Investigations
Nice to have
CAMS (Certified Anti-Money Laundering Specialist)
Work arrangement
Hybrid 2 to 3 days in office per week (Raleigh, NC)
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 applicable
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 building close relationships with clients
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
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:
8081 ARCO CORPORATE DRIVE:RALEIGH
City:
Raleigh
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:
2024-06-20
Application Deadline:
2024-08-25
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.
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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Seniority level
Not Applicable
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking and Financial Services
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