Director, Financial Crimes Risk Assessment

RBC; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading financial institution is seeking a Director of Financial Crimes Risk Assessment in Toronto. The successful candidate will be responsible for evaluating risks and controls globally across platforms, leading risk assessments, and ensuring compliance with regulations. This challenging role offers opportunities for professional growth and is integral to enhancing the institution's financial crime program.

Benefits

Comprehensive Total Rewards Program including bonuses and flexible benefits

Opportunities for professional development and coaching

Dynamic and collaborative team environment

Qualifications

• Proven experience with executing financial crime risk assessments.
• Strong ability to evaluate and design risk assessment capabilities and tools.
• Deep understanding of global financial crime regulatory environment.

Responsibilities

• Lead the enterprise-wide assessment of financial crimes risks and controls.
• Perform expert analysis to identify concentrations of risk.
• Collaborate across financial crimes program to establish risk rating frameworks.

Skills

Anti-Money Laundering (AML)

Control Analysis

Cross-Functional Leadership

Data Analysis

Project Management

Risk Assessments

Risk Mitigation Strategies

Education

Post-secondary education or equivalent

Graduate degree (MBA or relevant subject matter area)

Job description

Job Summary

Job Description

What is the opportunity?

As Director, Financial Crimes Risk Assessment you are responsible for the design and execution of the enterprise risk assessment. In this role, you will identify and assess inherent risks and control effectiveness, demonstrate compliance, and identify opportunities to optimize the financial crimes program, by:

• Leading the enterprise-wide assessment of financial crimes risks and controls globally and across RBC Platforms, businesses units, and jurisdictions.
• Leading the development of capabilities to enable the quantitative and qualitative assessment of inherent risks, control effectiveness, and residual risk.
• Performing expert analysis to identify concentrations of risk and adequacy of controls to ultimately inform and recommend risk mitigation strategies.
• Delivering high-quality risk assessment products to support regulatory compliance and inform business decisions.
• Remaining abreast of emerging risks and evolving regulatory environmentto continuously refine RBC’s risk assessment approach.

What will you do?

• Lead the efficient and effective execution of enterprise-wide risk assessment activities, in line with regulatory and business expectations.
• Lead the development and continuous improvement of the Enterprise Risk Assessment Methodology and operating procedures.
• Lead the development of capabilities to perform quantitative and qualitative assessments of inherent risks, controls and residual risk
• Identify gaps and opportunities to enhance risk assessment data integration, tools, and processes to drive efficiency and consistency across assessments.
• Collaborate across financial crimes program to establish risk rating frameworks, validate results, align on mitigation strategies and produce reports.
• Establish roadmaps and provide regular reporting on risk assessment activities including data collection and integration, analysis and report generation.
• Identify and escalate material risk exposures and control gaps
• Support regulatory exams, audits and internal reviews related to risk assessment activities
• Monitor changes in AML/ATF regulations and participate in industry related initiatives to remain abreast of existing and new laws and regulatory expectations

What do you need to succeed?

Must have

• Post-secondary education or equivalent
• Proven experience with executing financial crime risk assessments
• Strong ability to evaluate and design risk assessment capabilities and tools
• Deep understanding of global financial crime regulatory environment
• Ability to synthesize complex data into clear, actionable insights
• Experience working with cross-functional teams
• Project management

Nice to have

• Graduate degree (MBA or relevant subject matter area)
• Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications

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
• Work in a dynamic, collaborative, progressive, and high-performing team
• To be part of a large and growing global organization which puts client interests first and has a culture of fairness and accountability

Job Skills

Anti-Money Laundering (AML), Control Analysis, Cross-Functional Leadership, Data Analysis, Data Literacy, Executive Reports, Financial Crimes Compliance, People Management, Professional Writing, Project Management, Regulatory Risk, Risk Assessments, Risk Mitigation Strategies

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:

2025-06-18

Application Deadline:

2025-07-03

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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