Senior Manager, Financial Crimes Oversight Testing

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Manager in Financial Crimes Oversight Testing. This pivotal role involves conducting validations and testing of issue management controls, ensuring compliance with AML regulations. The successful candidate will lead oversight activities, collaborate with stakeholders, and contribute to the development of a robust Issue Management Framework. Join a dynamic team that values growth, diversity, and impactful contributions to the community. This position offers competitive compensation, comprehensive benefits, and opportunities for professional development in a collaborative environment.

Benefits

Comprehensive benefits

Bonuses

Leadership support

Professional development opportunities

Dynamic team environment

Qualifications

• 5-7 years of AML experience in a 2nd line or audit testing function.
• Bachelor’s Degree or equivalent work experience.

Responsibilities

• Lead validation of Financial Crime issue closures in US & Canada.
• Develop and deliver regular metrics and reports on oversight activities.

Skills

AML Subject Matter Expertise

Issue Management

Regulatory Compliance

Risk Assessment

Education

Bachelor's Degree

Tools

FCOT’s Issue Management Framework

Job description

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What is the Opportunity?

To conduct 2LoD validations / testing of issue management / controls within central functions and US businesses, including AML, Sanctions, and ABAC. This involves proactive participation in oversight planning and scoping, fieldwork, and reporting. Continuous communication with stakeholders and Senior Management regarding issue management findings is also required.

Job Summary

Job Description

What will you do?

• Perform effective challenge of Financial Crime issue closures under FCOT’s purview.
• Lead validation of Financial Crime issue closures in US & Canada, confirming control/process sustainability to mitigate repeat issues. Support validations for other regions as needed.
• Document and maintain a validation activities schedule and communicate plans with stakeholders.
• Support development of FCOT’s Framework for Issue Management/Validation, including standards, procedures, and tools.
• Provide training on FCOT’s Issue Management/Validation Framework.
• Challenge the quality and risk-appropriateness of examination findings and action plans, including issue ratings.
• Oversee Financial Crimes Issues Management activities, ensuring timely resolution and visibility of issues needing extension or escalation.
• Conduct post-mortem reviews of issues raised by assurance teams to identify areas for improvement.

Oversight and Reporting Activities

• Develop and deliver regular metrics and reports on FCOT’s oversight activities to stakeholders and senior management.
• Support senior management during audits and regulatory engagements.
• Analyze trends in Financial Crime Issues.
• Stay informed on regulatory trends and industry best practices.
• Contribute to projects related to operationalizing the Enterprise Issue Management program.

General

• Participate in internal projects and meetings to anticipate changes impacting oversight validation.
• Maintain documentation for audit and regulatory review.
• Identify personal development opportunities and industry trends.
• Demonstrate adaptability and a service-oriented approach.
• Gain in-depth knowledge of Financial Crimes legislation to enhance testing effectiveness.
• Support as a subject matter expert in the field.

What do you need to succeed?

Must have:

• 5-7 years of AML SME experience within a 2nd line or audit testing function.
• Bachelor’s Degree or equivalent work experience.

Nice to have:

• Certifications such as CAMS, ICA AML, CIA, or ACFS.
• Knowledge of international AML laws and regulations.
• Experience with RBC or other financial institutions’ major business segments.
• Experience as an AML SME within an audit/testing function.

What’s in it for you?

We thrive on challenges, growth, and collaboration to deliver trusted advice. We value diversity, support professional development, and aim to make a meaningful impact in communities.

• Comprehensive benefits, bonuses, and competitive compensation.
• Leadership support and development opportunities.
• Opportunity to make a lasting impact.
• Dynamic, collaborative, and high-performing team environment.
• Challenging work and client relationship building opportunities.