Manager, Asset Recovery & Litigation

RBC; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

Join a leading financial institution as the Manager of Asset Recovery & Litigation. You will play a crucial role in protecting RBC assets, managing fraud-related cases, and leading recovery efforts. This position requires strong management skills and in-depth legal knowledge. You'll work within a dynamic team focused on achieving success and making a lasting impact in the community.

Benefits

Comprehensive Total Rewards Program

Flexible Benefits

Competitive Compensation

Qualifications

• Minimum 5 years of experience with RBC banking policies and procedures.
• Knowledge of the Bills of Exchange Act and CPA Rules.

Responsibilities

• Identify sources of recovery for RBC losses due to fraud.
• Manage high-risk cases involving fraud against clients.
• Negotiate terms of settlement for recovery of amounts lost.

Skills

People Management

Evidence Gathering

Microsoft Office

Education

University Degree

Job description

Job Summary

Job Description

What is the opportunity?

As Manager of Asset Recovery & Litigation, you support the protection of RBC assets including mitigating financial, reputation, regulatory and legal risk and the recovery of such assets that are fraudulently misappropriated. Losses typically between $25,000 to $500,000>. You share responsibility for all components of the Fraud Management Value Chain with peers and the Senior Manager. Lead recovery efforts for losses due to fraud and other misconduct against RBC and against our valued clients.

What will you do?

• Identify sources of recovery for RBC losses resulting from fraud, unjust enrichment, fraud against clients, operational errors and other misconducts and implement steps to realize on these sources.
• Manages high risk cases involving fraud against clients for return of financial losses and assets. i.e. wire cases, ACH and other electronic payments
• Reduce recovery and litigation costs by assisting external counsel in the preparation of civil litigation filings, including assembling necessary production materials.
• Completes and ensures all litigation cases comply with the CIS/FC Litigation and Prosecution Policy and all other judicial, legislative, and regulatory constraints.
• Accountable to maintain up-to-date, complete and accurate documentation of litigation progress in CIS/FC case management system.
• Accountable to maintain up-to-date information for losses and recoveries on the CIS Wire database (FAC – recalls) and accountable for quarterly reporting.
• Negotiate terms of settlement relating to the recovery of amounts lost due to fraud, misconduct, or operational error.
• Responsible for managing and ensuring all civil judgments and writs are renewed within timeframe.
• Responsible for ensuring all restitutions are updated in database and all payments are credited to proper GL.
• Provide support to the Associate Director, Asset Recovery, in developing and implementing asset recovery strategies.

What do you need to succeed?

Must-have

• Knowledge of the Bills of Exchange Act and Canadian Payments Association (CPA) Rules; in depth knowledge of Civil and Criminal Law
• Minimum 5 years of experience with RBC banking policies and procedures

• Skilled in all Microsoft Office applications and tracing skills

• Effective and strong people management skills
• Able to lead by example through provision of knowledge, cooperation and teamwork
• Experience gathering and preserving evidence for the purpose of presenting the evidence before the courts

Nice-to-have

• University degree or equivalent experience
• Previous investigation/audit experience
• Basic Accounting courses
• Basic Business Law courses

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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills

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:

2025-05-12

Application Deadline:

2025-05-27

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.