Manager AML Transaction Monitoring

What is the opportunity?

The manager, TM AML 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 Manager, TM AML Transaction Monitoring will develop and tune new and existing solutions used to identify suspicious activity, analyze data to identify Correspondent Banking 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 and maintain a documented Transaction Monitoring Methodology and related Model White Papers for all transaction monitoring models
• Select, design, build, implement and maintain transaction monitoring solutions necessary to provide effective controls and surveillance of identified AML/ATF risks
• Through quantitative and qualitative analysis establish thresholds and parameters used in Monitoring models
• Manage independent reviews (auditors, regulators, Model Validation etc) 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
• Act as SME for data requirements used in transaction monitoring solutions
• 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
• Provide project support relating to the development of AML Transaction Monitoring solutions
• Produce and analyze alert volume and projections reports and investigate anomalies
• Escalation and tracking of data related issues impacting efficiency and effectiveness of transaction monitoring solutions
• Support with the development of investigator tool kits
• Oversee the development and implementation of tactical and supplementary transaction monitoring solutions
• Subject matter support on all projects impacting transaction monitoring
• Transaction monitoring innovation lead for new analytics/quantitative transaction monitoring methods and technologies
• Collaborate with business partners, industry peers and external vendors to improve effectiveness and efficiency of transaction monitoring program
• Identifying industry best practices and new technologies for strategic consideration by the AML Monitoring and AML Governance Committee

What do you need to succeed?

Must have

• Post-secondary education or equivalent.
• Strong data, analytical, quantitative method and problem solving skills
• Proficient with SAS and its macro language, SQL. Other expertise with Python, Hadoop, PySpark, or other related experience desirable
• Expertise in analyzing and manipulating large datasets with Python and SAS
• Proficiency and familiarity with different SQL databases and GitHub
• Experience in using data visualizations to elaborate model performance with Python
• Understands project's needs and ability to translate these into detection models
• Proven excellent written and oral communication skills to convey complex concepts to a non-technical audience
• Strong capability in exploratory data analysis (correspondence analysis, principal component analysis, cluster analysis)
• Proven innovative problem solving skills
• Knowledge of Banking products is a bonus (Wire, Paper Items, Cash Management)

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, 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.

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team

Job Skills

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.