Manager, HRS Alert Analysis & Adverse Support

RBC; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Manager for the High Risk Sectors Alert Analysis Team. This role involves reviewing alerts related to financial crimes, ensuring compliance with AML regulations, and documenting actions taken. The ideal candidate will have a strong background in financial investigations and be adept at using tools like Fircosoft and Excel. Join a collaborative team dedicated to making a significant impact in the field of financial compliance while enjoying a flexible work-life balance and opportunities for professional growth.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

World-class training program

Opportunities for career advancement

Supportive leadership for development

Qualifications

• 2+ years’ experience in financial crimes investigations.
• Strong analytical skills and knowledge of AML processes.

Responsibilities

• Review alerts for potential AML concerns.
• Document actions taken in systems like FIRCO and Trade360.

Skills

AML Monitoring

Anti-Money Laundering (AML)

Communication

Risk Management

Decision Making

Financial Regulation

Organizational Governance

Education

Bachelor's Degree in Finance or related field

Tools

Microsoft Excel

Fircosoft

Trade360

Job description

Job Summary

Job Description

What is the opportunity?

The High Risk Sectors Alert Analysis Team (HRSAAT) provides a second level triage function within the AML FIU by taking decisive action on certain alerts and cases which require some form of diligence beyond the mandate of GAMLAAT and Media Scanning and which do not require the involvement of the High Risk Client Management Team (HRC), AML Investigations, or AML Compliance. The Manager, HRS Alert Analysis & Adverse Support reviews case escalations and/or TRM alerts to assess that the client activity against a pre-determined risk appetite and determines if the case/alert warrants further AML Investigation, HRC Investigation, or Demarket while documenting the approach accordingly.

Further, the Manager acts as a subject matter expert/senior specialist in the review of payment scanning alerts in relation to High Risk Sectors (“HRS”), as defined by RBC. These reviews involve conducting name matching analysis and risk appetite contemplation utilizing RBC approved techniques and tools to assess whether the flagged hits are of concern.

The Manager, HRSAAT & Adverse Support is directly responsible for the Fircosoft Live Alerts Process which includes an evaluation of live transactions to either pass or escalate the trades, as appropriate, after contemplation of any potential AML/Financial Crimes concerns.

What will you do?

• Review GLA & Trade Operations alerts to ensure thorough assessments for any potential AML or other Financial Crimes concerns.
• Ensure accurate and timely documentation of actions taken within the Fircosoft Live Alerts Process, including Inputting commentary and supporting evidence into systems such as FIRCO, Trade360, and Excel.
• The Manager is expected to be working under tight timelines supporting the live FIRCO alerts process, which may require the Manager being available on certain public holidays.
• Reviews and takes appropriate actions on alerts and cases flagged for payments related to HRS, as defined in the respective High Risk Sectors Alert Analysis (HRSAA) processes. These incudes, but is not limited to, workflows such as Email Money Transfers for Cannabis-Related Businesses, Quarterly Enhanced Transaction Monitoring, CLF and Potential MRB Daily Name Scanning, Monthly Wire Scans, and others.
• Directly responsible for reviewing alerts within the aforementioned workflows to: (a) escalate potentially suspicious activity or materially relevant adverse information (RAI) for further investigation; (b) identify applicable scenarios and execute the corresponding processes while adhering to formal procedures; or (c) close false positives in alignment with their respective processes.
• Provides ongoing feedback to Senior Management ensuring name matching logic is sound and of a high-quality level in order to facilitate decisions with minimal requests for additional information, and for the purpose of mitigating financial, regulatory, reputational, and legal risk to RBC.
• Works with stakeholders to ensure that analyses are escalated where relevant and that they are conducted within defined timelines, RBC guidelines, processes and procedures and in accordance with RBC Goals.
• Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML/CFT and other regulatory matters in support of the analytical function.
• Develop and maintain a network of internal partners and external peers in the industry to support analytical requirements.

What do you need to succeed?

Must have

• 2+ years’ experience in financial crimes and/or money laundering investigations within banking, law enforcement, or a regulatory body.
• Experience with Microsoft Excel
• Strong written and analytical skills

Nice to have

• CAMS designation is an asset
• Knowledge of banking systems and processes.
• Strong knowledge of relevant predicate offences, such as fraud, and familiarity with the financial crimes aspect of the cannabis industry, will be considered an asset.
• Skilled in open source research.

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
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with clients
• Access to a variety of job opportunities across business and geographies

#LI-Hybrid

#LI-POST

Job Skills

AML Monitoring, Anti-Money Laundering (AML), Anti-Money Laundering Compliance, Anti Money Laundering Training, Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Risk Management, Strategic Thinking

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:

2025-05-06

Application Deadline:

2025-05-21

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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