Manager, Correspondent Banking, High Risk Sectors

Job Summary

Establishes, implements, and manages business unit AML programs to prevent illegal, unethical, or improper business practices. Applies experience, seasoned knowledge, skills, and practices to perform a variety of assignments.

Job Description

What is the opportunity?

As Manager, Correspondent Banking, High Risk Sectors, you support the Senior Manager, HRS, HRC by providing direction and execution of core risk decisions related to the identification, review, management, and escalation of higher risk clients. This includes risk assessment and enhanced due diligence (EDD) processes to mitigate against financial, regulatory, reputational, and legal risks at RBC using a risk-based approach. You will also assist in the identification, confirmation, management, and approval process for onboarding and periodic review and assessment of high-risk clients. You’re committed to ensuring that individual and collective teams’ knowledge is current, so that outcomes are based on a thorough understanding of the risks involved and are made in compliance with AML / CTF regulatory requirements.

What will you do?

• Prioritize and manage HRC EDD risk assessment workflow for units supported by the HRS Teams, ensuring that the Global Standards for Client Risk Management (CRM) and EDD are consistently executed.
• Partner with the FIU, Insights & Analytics, and Global AML Compliance to ensure that HRC risk assessments are appropriately coordinated, routed, and escalated where relevant, using a risk-based approach.
• Manage the execution of HRC processes (including onboarding and periodic review) and ensure all regulatory timeframes are met.
• Collaborate with business partners and stakeholders to ensure issues and reviews are escalated appropriately within defined timelines and in accordance with RBC policies and procedures.
• Help individuals and teams achieve high performance through capability building, coaching, and performance management.
• Communicate effectively with business partners and stakeholders to maintain high service standards and client care focus.
• Contribute to the development of processes, guidance documents, tools, and job aids to enhance the HRS Strategy and ensure regulatory and policy compliance.
• Provide feedback to management regarding process gaps to ensure adherence to AML / CTF legislation, policies, and procedures.
• Support operational capacity needs of other HRC teams as required.

What do you need to succeed?

Must-have

• At least 2 years of strong knowledge in Financial Crimes, AML/Fraud to prevent misuse of RBC’s financial services for money laundering and terrorist financing.
• Demonstrated knowledge or experience in financial and money laundering crimes / High Risk sectors.
• Knowledge of and/or experience in AML Compliance, Financial Crimes investigations, and relevant regulations across jurisdictions where RBC operates (Canada, US, Caribbean, etc.).
• Proficiency in Microsoft Office applications (Outlook, Excel, Word).
• Post-secondary education or equivalent experience.

Nice-to-have

• Management experience.
• CAMS designation.
• Language skills such as French, Cantonese, or Mandarin.

What’s in it for you?

We thrive on challenges, value progressive thinking, and work together to deliver trusted advice to help clients and communities prosper. We care about our employees’ growth, making a difference, and mutual success.

• Comprehensive Total Rewards Program including bonuses, flexible benefits, competitive salary, commissions, and stock options where applicable.
• Supportive leadership with coaching and development opportunities.
• Work in a dynamic, collaborative, progressive, and high-performing team environment.
• Be part of a global organization that values client interests, fairness, and accountability.

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering & Analysis, Detail-Oriented, Operational Integrity, Process Management, Risk Appetite, Risk Assessments

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: 2025-04-25

Application Deadline: 2025-05-09

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 with diverse perspectives is key to our growth. We foster a respectful environment where employees can perform at their best, collaborate, innovate, and grow professionally. We are committed to policies and programs that promote respect, belonging, and opportunity for all.

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