Manager, Hrs Alert Analysis & Adverse Support

What is the opportunity?

The High Risk Sectors Alert Analysis Team (HRSAAT) provides a second level triage function within the AML FIU by taking decisive action on certain alerts and cases which require some form of diligence beyond the mandate of GAMLAAT and Media Scanning and which do not require the involvement of the High Risk Client Management Team (HRC), AML Investigations, or AML Compliance. The Manager, HRS Alert Analysis & Adverse Support reviews case escalations and/or TRM alerts to assess that the client activity against a pre-determined risk appetite and determines if the case/alert warrants further AML Investigation, HRC Investigation, or Demarket while documenting the approach accordingly. Further, the Manager acts as a subject matter expert/senior specialist in the review of payment scanning alerts in relation to High Risk Sectors ("HRS"), as defined by RBC. These reviews involve conducting name matching analysis and risk appetite contemplation utilizing RBC approved techniques and tools to assess whether the flagged hits are of concern.
The Manager, HRSAAT & Adverse Support is directly responsible for the Fircosoft Live Alerts Process which includes an evaluation of live transactions to either pass or escalate the trades, as appropriate, after contemplation of any potential AML/Financial Crimes concerns.

What will you do?

• Review of GLA & Trade Operations alerts to confirm if there are any AML or any other Financial Crime concerns.
• Inputting commentary into various systems (FIRCO, Trade360) to evidence all actions taken with respect to the Fircosoft Live Alerts Process.
• The Manager is expected to be working under tight timelines supporting the live FIRCO alerts process, which may require the Manager being available on certain public holidays.
• Reviews and actions certain alerts and cases that flag for payments related to HRS as outlined in the respective HRSAAT processes (including, Email Money Transfers for Cannabis-Related Businesses, Quarterly Enhanced Transaction Monitoring, CLF and Potential MRB Daily Name Scanning, Monthly Wire Scans, etc.).
• Provides ongoing feedback to Senior Management to ensure name matching logic is sound and of a high quality level in order to facilitate decisions with minimal requests for additional information, and for the purpose of mitigating financial, regulatory, reputational, and legal risk to RBC.
• Conducts second level triage on Control List Filter (CLF) alerts for all applicable business lines to (a) escalate potentially suspicious activity or materially relevant adverse information (RAI) for further review; (b) identify scenarios applicable for the Level Two Triage Process and execute said process; or (c) close false positives.
• Works with stakeholders to ensure that analyses are escalated where relevant and that they are conducted within defined timelines, RBC guidelines, processes and procedures and in accordance with RBC Goals.
• Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML/CFT and other regulatory matters in support of the analytical function.
• Develop and maintain a network of internal partners and external peers in the industry to support analytical requirements.

What do you need to succeed?

Must have

• 2+ years' experience in financial crimes and/or money laundering investigations within banking, law enforcement, or a regulatory body.
• Experience with Microsoft Excel
• Strong written and analytical skills

Nice to have

• Knowledge of banking systems and processes.
• Strong knowledge of relevant predicate offences, such as fraud, and familiarity with the financial crimes aspect of the cannabis industry, will be considered an asset.
• Skilled in open source research.

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

• Leaders who support your development through coaching and managing opportunities

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities

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

• Ability to make a difference and lasting impact

Additional Job Details

Inclusion and Equal Opportunity Employment