Vice President, Business Risk - AML, Sanctions & Financial Crimes

RBC Capital Markets, LLC; Jersey City, Providence (NJ, RI); On-site; USD 125,000 - 190,000; Full time

Job summary

An established industry player seeks a dedicated professional to enhance their AML and Financial Crime controls within the US Cash Management team. This role is pivotal in identifying and managing compliance requirements while collaborating with various stakeholders. The successful candidate will drive initiatives, support project management, and ensure rigorous documentation of risks and controls. With a focus on proactive identification and integration of compliance changes, this position offers a unique opportunity to make a significant impact in a dynamic and collaborative environment. Join a team where your contributions will be valued and rewarded.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Coaching and development opportunities

Dynamic and collaborative work environment

Challenging work opportunities

Qualifications

• 5+ years of experience in a corporate or banking setup.
• Experience in Business Risk and BSA/AML, Sanctions & Financial Crime.
• Ability to connect AML requirements with business initiatives.

Responsibilities

• Facilitate identification and management of AML, Sanctions & Financial Crime.
• Drive key initiatives and provide regular updates on projects.
• Ensure timely documentation of risks and controls relevant to AML.

Skills

Anti-Money Laundering (AML)

Cash Management

Communication

Decision Making

Financial Regulation

Group Problem Solving

Internal Controls

Management Reporting

Operational Integrity

Prioritization

Job description

Job Summary

Reporting to the Director, Business Risk, the employee will play a key role within the first line of defense team in close coordination with Second Line of Defense AML & Financial Crime partners and the US Cash Management product teams. The goal is to enable US Cash Management to proactively identify, manage, and prioritize AML, Sanctions, and Financial Crime controls within key initiatives, as well as facilitate and support the execution and implementation of these requirements.

Job Description

• What you will do?

• Facilitate proactive and effective identification and management of AML, Sanctions & Financial Crime requirements using Agile ways of working.
• Work closely with business PMO teams to support management of key projects and initiatives on AML, Sanctions & Financial Crime items.
• Drive and support key initiatives, team projects, and provide regular updates and status reporting.
• Develop and support frameworks to proactively identify AML, Sanctions & Financial Crime control standards in new products implemented by the US Cash Management organization and challenge existing approaches.
• Proactively identify areas of opportunity to integrate AML, Sanctions & Financial Crime changes with business initiatives.
• Partner with stakeholders to review and provide recommendations on designing AML, Sanctions & Financial Crime requirements for US Cash Management.
• Ensure timely and up-to-date identification and documentation of risks, controls, and issues relevant to AML, Sanctions & Financial Crime; conduct periodic review, refresh, and update of risks and controls inventory.
• Drive and support control testing efforts related to AML, Sanctions & Financial Crime controls.
• Periodic reporting of AML, Sanctions & Financial Crime KRIs and dashboards.
• Orchestrate first line of defense for AML, Sanctions, and Financial Crime incidents arising from transaction monitoring.

Key relationships include:

• Value Streams in US Cash Management
• Enterprise AML team
• Global Economic Sanctions
• AML IT & Sanctions IT

What you need to succeed?

• 5+ years of work experience in a corporate or banking setup.
• Experience in Business Risk within first or second line functions.
• Experience in BSA/AML, Sanctions & Financial Crime within first or second line functions.
• Experience interpreting, advising, and applying legal, regulatory, policy requirements, and control standards.
• Experience supporting large transformational initiatives.
• Experience or enthusiasm to learn Agile methodologies (e.g., creating and managing a backlog, writing user stories, tracking impediments, quick iterations).
• Ability to connect AML, Sanctions, and Financial Crime requirements with business initiatives, anticipating impediments, and supporting product teams.
• Ability to grasp the big picture while maintaining rigorous attention to detail.
• Strong collaboration and interpersonal skills across diverse stakeholders.
• Strong problem-solving skills with a results-oriented mindset.

Preferred qualifications include:

• Experience in transaction banking at another financial institution.
• US Cash Management experience.

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.
• Opportunity to make a meaningful and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Challenging work opportunities.

The expected salary range for this position is $125,000-$190,000, depending on experience, skills, registration status, market conditions, and business needs. Additional earnings may be possible through RBC's discretionary variable compensation program, contingent on business performance and individual goals.

RBC's compensation philosophy emphasizes attracting, engaging, and retaining a highly qualified global workforce to drive high performance, achieve strategic goals, and generate sustainable shareholder value.

Job Skills

Anti-Money Laundering (AML), Business Perspective, Cash Management, Communication, Decision Making, Financial Regulation, Group Problem Solving, Internal Controls, Management Reporting, Operational Integrity, Personal Initiative, Prioritization

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:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-01

Application Deadline:

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

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 with diverse perspectives is key to our continued growth. We foster a workplace where employees feel supported, collaborate effectively, innovate, and grow professionally, reflecting our Purpose and creating value for clients and communities. RBC is committed to policies and programs that promote respect, belonging, and opportunity for all.

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