Data Scientist, Global AML Transaction Monitoring

Mandated to develop and maintain an efficient and effective AML/ATF Transaction Monitoring program that considers regulatory expectations, industry trends and innovation opportunities.

What is the opportunity?

The Data Scientist, Transaction Monitoring is mandated to develop and maintain an efficient and effective AML/ATF Transaction Monitoring program that considers regulatory expectations, industry trends and innovation opportunities. Utilizing sophisticated tools and techniques the Data Scientist of Global AML Transaction Monitoring will develop and tune new and existing solutions used to identify suspicious activity, analyze data to identify RBC clients who present an elevated level of risk (financial & reputational) and continuously look for opportunities to provide more relevant and valuable intelligence to the Global AML program.

What will you do?

• Develop, maintain, and improve Transaction Monitoring solutions with data science techniques as well as related Model White Papers for all Transaction Monitoring solutions

• Through quantitative and qualitative analysis establish thresholds and parameters used in monitoring solutions

• Present newly developed monitoring solutions with clear visualizations to the Senior Manager, Global AML Transaction Monitoring Data Science

• Identify opportunities in applying new technologies to AML Transaction Monitoring

• Expand Transaction Monitoring model coverage in Capital Markets, Wealth Management, and Investor Services

• Manage independent reviews (auditors, regulators, Model Validation etc) of monitoring solutions

• Act as SME for data requirements used in Transaction Monitoring solutions

• Provide recommendations to the Senior Manager, Global AML Transaction Monitoring Data Science on any findings of model performance

• Collaborate with the Senior Manager to prioritize development of monitoring solutions

• Collaborate with other Monitoring & Analytics teams to identify and remediate RBC risk exposure, and implement / tune transaction monitoring solutions as necessary to address risk

• Transaction monitoring innovation lead for new analytics/quantitative transaction monitoring methods and technologies

What do you need to succeed?

Must-have

• Strong data, analytical, quantitative method and problem-solving skills

• Expertise in analyzing and manipulating large datasets with Python

• Proficiency and familiarity with different SQL or HIVE databases and GitHub

• Strong capability in exploratory data analysis and feature development

• Hands on development experience on Dataiku is a plus

• Experience in using data visualizations to elaborate model performance with Python

• Understands project's needs and ability to translate these into detection models

• Experience with supervised and unsupervised learning, and network analysis is a plus

• Proven excellent written and oral communication skills to convey complex concepts to a non-technical audience

• Knowledge of Banking products is a bonus (Cash Management, Equity, Fixed Income, Commodities, Derivatives, Wire, Electronic ACH, E-Transfer, etc..)

Nice-to-have

• Graduate degree (MBA or relevant subject matter area)

• Certified Anti-Money Laundering Specialist (CAMS) designation or other related certification

What's in it for you?

We thrive on the challenge to be our best, thinking progressively 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

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in an agile, collaborative, progressive, and high-performing team

• The opportunity to interface with executives from many different parts of the organization

Job Skills

Actuarial Modeling, Big Data Management, Commercial Acumen, Data Mining, Data Science, Decision Making, Machine Learning, Natural Language Processing (NLP), Predictive Analytics, Python (Programming Language)

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-04-072025-04-22

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.