Manager, Global Economic Sanctions Program Oversight

RBC; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

As a Manager in the Global Economic Sanctions Program Oversight at RBC, you'll provide crucial support for compliance teams and business units on economic sanctions. Your expertise will drive assessments, compliance reporting, and risk management, while working in a dynamic environment that values professional growth and teamwork.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

World-class training program

Opportunities to make a lasting impact

Qualifications

• 2+ years in Financial Industry Compliance or legal experience.
• Strong proficiency in Microsoft Excel, including pivot tables and complex formulas.
• University degree in law, finance/business, or engineering.

Responsibilities

• Act as a subject matter expert for global economic sanctions.
• Complete sanctions Inherent Risk and Control Assessments.
• Draft risk assessment reports and assist with audits.

Skills

Data manipulation

Analysis

Validation skills

Ability to conduct research

Education

University Degree in law, finance/business, or engineering

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Manager, Global Economic Sanctions Program Oversight

The Global Economic Sanctions (GES) team is a unique function within the Financial Crimes that provides support to Global AML Compliance teams and Business Units at an enterprise level for Canadian, US, UK, EU/Europe, APAC and Caribbean economic sanctions.

What will you do?

• Act as a subject matter expert at the enterprise level for Canadian, US, UK, EU and global economic sanctions;
• Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflecting the risk and control environment;
• Review large amount of quantitative data which feeds into the IRCA to calculate quantitative risk rating, and conduct Review & Challenge;
• Assess the adequacy and effectiveness of control environment and provide 2nd line challenges on the Control Questionnaire;
• Assess sanctions risks for all RBC product & service offerings globally;
• Draft risk assessment reports at assessment unit, segment and enterprise level, as required;
• Produce sanctions dashboard and management reporting on sanctions compliance program.
• Assist in audit, testing or regulatory exams related to sanctions. Assist in tracking and closing sanctions-related issues.
• Assess and review sanctions policies and procedures developed by global business units and/or local compliance teams; review and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment.
• Develop and update sanctions related training.
• Complete other ad-hoc assignments supporting GES program oversight team.

What do you need to succeed?

Must-have

• 2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external).
• University Degree in law, finance/business, or engineering.
• Strong data manipulation, analysis and validation skills, including high proficiency in Microsoft Excel (e.g. pivot table, complex formula, VBA etc.)
• Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs for executive reporting etc.)
• Ability to conduct research, as well as analyze and summarize sanctions regulations, policies, standards and procedures.
• Ability to thrive in a high-pace and high-pressure working environment.

Nice-to-have

• Canadian or international legal training with an undergraduate or graduate degree in law.
• Lawyer or Management Consultant with experience in Regulatory Compliance, AML or economic sanctions.
• Previous sanctions compliance experience in Financial Institution.
• Called to the Bar in Canada or in local jurisdiction (for foreign-trained lawyer).
• Master of Business Administration.
• CAMS, CSS or equivalent certification.
• Proficiency in coding (e.g. Python Pandas).

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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

#LI-Hybrid

#LI-POST

Job Skills

Additional Job Details

Address:

Job Summary

Job Description

What is the opportunity?

The Global Economic Sanctions (GES) team is a unique function within the Financial Crimes that provides support to Global AML Compliance teams and Business Units at an enterprise level for Canadian, US, UK, EU/Europe, APAC and Caribbean economic sanctions.

What will you do?

• Act as a subject matter expert at the enterprise level for Canadian, US, UK, EU and global economic sanctions;
• Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflecting the risk and control environment;
• Review large amount of quantitative data which feeds into the IRCA to calculate quantitative risk rating, and conduct Review & Challenge;
• Assess the adequacy and effectiveness of control environment and provide 2nd line challenges on the Control Questionnaire;
• Assess sanctions risks for all RBC product & service offerings globally;
• Draft risk assessment reports at assessment unit, segment and enterprise level, as required;
• Produce sanctions dashboard and management reporting on sanctions compliance program.
• Assist in audit, testing or regulatory exams related to sanctions. Assist in tracking and closing sanctions-related issues.
• Assess and review sanctions policies and procedures developed by global business units and/or local compliance teams; review and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment.
• Develop and update sanctions related training.
• Complete other ad-hoc assignments supporting GES program oversight team.

What do you need to succeed?

Must-have

• 2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external).
• University Degree in law, finance/business, or engineering.
• Strong data manipulation, analysis and validation skills, including high proficiency in Microsoft Excel (e.g. pivot table, complex formula, VBA etc.)
• Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs for executive reporting etc.)
• Ability to conduct research, as well as analyze and summarize sanctions regulations, policies, standards and procedures.
• Ability to thrive in a high-pace and high-pressure working environment.

Nice-to-have

• Canadian or international legal training with an undergraduate or graduate degree in law.
• Lawyer or Management Consultant with experience in Regulatory Compliance, AML or economic sanctions.
• Previous sanctions compliance experience in Financial Institution.
• Called to the Bar in Canada or in local jurisdiction (for foreign-trained lawyer).
• Master of Business Administration.
• CAMS, CSS or equivalent certification.
• Proficiency in coding (e.g. Python Pandas).

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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

#LI-Hybrid

#LI-POST

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:

2025-02-25

Application Deadline:

2025-06-06

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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About the company

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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