Director, CUSO Financial Crimes Risk Assessment

What is the Opportunity?

The Director, CUSO FC Framework and Risk Assessment will support the Combined U.S. Operations ("CUSO") Financial Crimes in the execution and ongoing maintenance of the enterprise risk assessment methodology. The Director will ensure the financial crimes risk assessments (covering anti-money
laundering, economic sanctions, and anti-bribery anti-corruption programs) for U.S. Financial Institutions are fit for purpose and meet the expectations of U.S. regulators. This role will interact with key constituents across the CUSO and Enterprise Financial Crimes, stakeholders within the first line of defense, and other functional groups such as Legal, Compliance, or Group Risk Management.

What will you do?

• Act as liaison between RBC Enterprise Financial Crimes and all CUSO U.S. covered financial institutions in relation financial crimes risk assessments.

• Ensure that US regulatory priorities are reflected in risk assessment and develop an ongoing feedback loop with the regulatory change management functions.

• Ensure that US regulatory priorities are embedded in first line of defense processes.

• Facilitate the completion of the risk assessment questionnaires and related processes defined within the methodology.

• Liaise with key parties across 1LOD and 2LOD to ensure that Risk Assessment data is relevant, correct, and appropriate. Where requested data is unavailable, ensure that appropriate alternatives are found, or issue(s) documented.

• Support the V.P., U.S. Head of AML Advisory in the ongoing development of CUSO-wide reporting summarizing the risk assessment results for the Risk Committee of the RBC U.S. Board and other sub-boards.

What do you need to succeed?

• Education Level: University degree or equivalent experience

• Experience: At least 10-15 years of risk and compliance management, and/or governance practices, including a working knowledge of financial crime related program requirements relating to BSA, USA PATRIOT Act, OFAC, and FCPA.

• Strong knowledge and experience developing, coordinating, and preparing senior management reporting.

• Strong understanding of U.S. regulatory expectations with respect risk assessment outcomes (eg training, testing, transaction monitoring)

• Ability to understand and articulate financial crime risks.

• Quickly adaptable to changing circumstances/priorities.

Nice-to-have

• Demonstrated experience leading or contributing to the design and implementation of financial crimes risk assessment and the interplay between the risk assessment and key financial crime program activities (e.g., policy and procedures, training/communications, regulatory change, and internal controls)

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $160,000-$250,000 (New Jersey), $130,000-$210,000 (Minnesota) depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

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Additional Job Details

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.