Associate Director, Deputy to the BSA AML Officer, RBC Capital Markets- U.S. Financial Crimes

Royal Bank of Canada; Hoboken (NJ); Hybrid; USD 110,000 - 190,000; Full time

Job summary

A leading financial institution is seeking an Associate Director, Deputy to the BSA AML Officer, to oversee financial crimes compliance. This role involves providing expertise in AML regulations, coordinating with stakeholders, and managing audit engagements. The ideal candidate will have extensive experience in risk management and a strong understanding of broker dealer operations.

Benefits

Comprehensive rewards and bonuses

Flexible benefits and stock options

Supportive leadership with development opportunities

Opportunities for challenging projects

Qualifications

• Minimum 4+ years of relevant experience.
• Extensive knowledge of U.S. anti-money laundering regulations.
• Strong understanding of broker dealer operations and financial crimes risks.

Responsibilities

• Support the BSA AML Officer with audit and regulator engagement.
• Develop controls to mitigate financial crimes risks.
• Oversee the transaction monitoring team's review of detection incidents.

Skills

Adaptability

Critical Thinking

Customer Service

Detail-Oriented

Financial Engineering

Financial Statement Analysis

Investments Analysis

Personal Development

Personal Initiative

Teamwork

Education

University degree

Tools

Microsoft Office

Job description

Associate Director, Deputy to the BSA AML Officer, RBC Capital Markets- U.S. Financial Crimes

Royal Bank of Canada Hoboken, United States

Job Summary

Job Description

What is the Opportunity?

Support the BSA AML Officer of RBC Capital Markets, LLC ("RBCCM LLC") and RBC CMA, Ltd ("CMA") in overseeing and executing Financial Crimes requirements for the broker dealer. Provide ongoing financial crimes subject matter expertise and policy support to the BSA AML Officer, and collaborate with 1LOD, 2LOD, and 3LOD.

What will you do?

• Support the BSA AML Officer with audit and regulator engagement, and assist in the timely resolution of information requests and reporting.
• Coordinate with the BSA AML Officer to remediate audit or regulatory issues.
• Assist in overseeing, monitoring, and challenging the control environment effectively.
• Develop controls to mitigate financial crimes risks, identify gaps, and implement remedial actions to meet regulatory standards.
• Support the management of the New Business Committee (NBC) Financial Crimes requirements related to new or expanding products and services, evaluating risks and controls, and coordinating with global stakeholders.
• Act as a subject matter expert on Financial Crimes requirements, including handling AML inquiries with infrastructure groups.
• Review and advise on AML surveillance rules, data feeds, interfaces, and other AML monitoring system issues.
• Oversee the transaction monitoring team's review and resolution of detection incidents.
• Supervise Suspicious Activity Report filings with FinCEN, ensuring proper risk mitigation.
• Contribute to the broker dealer's Risk Assessment and advise on product risks and their impact on client risk ratings.
• Draft and present the quarterly US CM AML report, including metrics, trend analysis, and issue management, to senior management and regulators.
• Participate actively in the CUSO Financial Crime Management Committee.
• Handle AML inquiries from front and back office, and infrastructure groups, as a subject matter expert.

What do you need to succeed?

• Minimum 4+ years of relevant experience.
• Extensive knowledge of risk management and U.S. anti-money laundering regulations (BSA, USA PATRIOT Act, OFAC, FCPA).
• Strong understanding of broker dealer operations, securities, investment banking, and associated financial crimes risks.
• In-depth knowledge of Capital Markets products, trade lifecycles, settlement flows, and their use in Financial Crimes.
• Knowledge of relevant systems, technology, and databases related to suspicious activity monitoring.
• Awareness of emerging risks such as cryptocurrency is a plus.
• Investigative open-source research skills preferred.
• University degree preferred.
• Excellent written and oral communication skills.
• Critical thinking, interpersonal skills, initiative, organizational skills, and the ability to articulate financial crime risks.
• Proficiency in Microsoft Office applications (Outlook, Excel, Word) at Level 2 or above.
• Ability to dedicate about 2-4 hours per session for detailed reports or analysis.

What's in it for you?

We promote a culture of growth, collaboration, and community impact. Benefits include:

• Comprehensive rewards, bonuses, flexible benefits, and stock options.
• Supportive leadership with coaching and development opportunities.
• Meaningful work with a high-performing team.
• Opportunities for challenging projects and client engagement.

The salary range is $110,000 - $190,000 (New Jersey), depending on experience, skills, and market conditions. Compensation includes bonuses, benefits, and other elements.

#LI - Hybrid

#LI - POST

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address: GOLDMAN SACHS TOWER, 30 HUDSON STREET, JERSEY CITY

City: Jersey City

Country: United States of America

Work hours/week: 40

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-02-08

Application Deadline: 2025-07-05

Note: Applications accepted until 11:59 PM the day before the deadline.

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