Manager, High Risk Sectors

RBC; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

RBC is hiring a Manager for High Risk Sectors to oversee risk management and compliance processes related to Money Services Businesses. Candidates will lead a team in conducting enhanced due diligence on high-risk clients, ensuring adherence to AML regulations and fostering a culture aligned with RBC's values. This full-time role is a great opportunity to make a meaningful impact in maintaining the safety and integrity of financial practices.

Benefits

Comprehensive Total Rewards Program including bonuses

Opportunities for professional development

Collaborative and high-performing team environment

Qualifications

• Effective written and oral communication skills.
• Highly developed organizational skills.
• Experience in AML compliance and financial crime investigations.

Responsibilities

• Manage the team’s EDD workflow and ensure compliance.
• Complete risk assessments and execute approvals for high risk clients.
• Provide quality assurance on completed EDD assessments.

Skills

Anti-Money Laundering (AML)

Communication

Data Gathering Analysis

Detail-Oriented

Fraud Risk Management

Education

University degree or equivalent experience

Tools

Microsoft Office

Job description

Job Summary

Job Description

What is the opportunity?

The Manager, High Risk Sectors provides direction and/or execution of core risk decisions related to the identification, review, management, escalation, and approvals of higher risk clients, with a focus on Money Services Businesses (MSBs). This includes initial and periodic enhanced due diligence (EDD) processes to identify and address financial, regulatory, reputational, and legal risk. This role also supports the management and prioritization of team workflows/queues and may include people management. The role also includes on-going professional development to ensure knowledge is current and comprehensive with a thorough understanding of AML / CTF risk and associated regulatory requirements.

What will you do?

• Prioritize and manage the team’s EDD workflow and ensure that the Global Standards for Client Risk Management (CRM) and EDD are executed consistently;

• Complete risk assessments and execute approval process as applicable for High Risk Clients, partnering with the appropriate Money Laundering Reporting Officers, Business stakeholders, Law Group and CIS as required;

• Review and provide quality assurance to completed EDD risk assessments, where applicable;

• Communicate and follow up with business partners and/or stakeholders to obtain required information and/or documentation pertaining to risk assessment to ensure reviews / reports are completed within a timely manner;

• Escalate any gaps or issues identified in policies and procedures to strengthen the bank’s AML compliance program;

• Provide input into the development of processes, guidance documents, tools and job aids as required, in order to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements.

• Help to foster an environment and culture aligned to RBC values and which allows us to attract and retain high performing employees

What do you need to succeed?

Must-have

• Effective and strong written and oral communication skills;

• Highly developed organizational skills and the ability to work within strict deadlines;

• Demonstrated knowledge of or experience in financial and money laundering crimes/High Risk Knowledge of and/ or experience in AML Compliance, Financial Crimes investigations (within law Working knowledge of AML compliance requirements and regulations for Canada, US, Caribbean and other jurisdictions where RBC operates.

• Experience working in law enforcement or the financial sector or financial regulatory oversight.

• Skilled in Microsoft Office, specifically Excel, Word and Outlook (Level 2 or above).

• University degree or equivalent experience

Nice-to-have

• Some management experience.

• CAMS designation

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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

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:

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:

2025-06-16

Application Deadline:

2025-07-01

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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