Senior Manager, Sanctions Evasion & Trade

What is the opportunity?

This role will contribute to the development of RBC's new sanctions evasion and trade compliance program, including among others developing policies and procedures, training content, risk and gap assessments, reporting/metrics, etc. This position directly mitigates RBC's exposure to regulatory, legal, reputational, and financial risks and requires a senior compliance professional with a strong background in sanctions/AML compliance who also operates in a fast faced and high-pressure environment and can adapt quickly and confidently to changing regulatory requirements and expectations. Provides support to the Director, Sanctions Evasion & Trade as required to ensure RBC continues to comply with all applicable economic sanctions laws and regulations. The role will focus on Investigations (50%): Post TRM and live trade/payment reviews, Advisory & Projects (40%): Internal advisory and project support and Stake holder engagement (10%): Liaison work and regulatory updates.

What will you do?

• Mitigate RBC's regulatory, legal, reputational, and financial risks by conducting investigations, leading projects, and generally contributing to the development and enhancement of RBC's controls related to sanctions and export control evasion to ensure RBC continues to comply with all applicable economic sanctions laws and regulations.
• Maintain a strong and in-depth knowledge of Canadian, US, UK and EU sanctions regulations, as well as Canadian and US export control regulations, and stay abreast of changes to sanctions and export controls regulations.
• Day-to-day management of sanctions and export control evasion investigations, including proactively identifying higher risk clients and transactions
• Assess potential sanctions as well as sanctions and export control evasion risks, ensuring that clients are not engaging in prohibited activities through RBC accounts and transactions are properly assessed given higher sanctions and export control evasion risks.
• Maintain accurate documentation of investigations and assessments of sanctions regulations per established procedures.
• Act as a point of escalation to internal partners and RBC units globally that require guidance/direction on sanctions and export control evasion.
• Identify clients and transactions that pose unacceptable sanctions risks to RBC and engage the Senior Management in Global Economic Sanctions to share these risks to RBC, including identifying and reporting transactions/activities to FINTRAC and drafting disclosures to law enforcement where potential violations of sanctions laws have been identified.
• Lead projects enhancing RBC's sanctions-related controls to incorporate sanctions and export control evasion risks globally.

What do you need to succeed?

Must have

• Undergraduate Bachelor's Degree

• 10+ years of direct Financial Industry Compliance or legal experience, including sanctions experience

• Prior sanctions compliance experience at a Canadian Financial Institution

• Experience excelling in a fast paced, high pressure environment
• Experience demonstrating strong written and oral communication skills
• Experience collaborating effectively with internal and external partners
• Expert knowledge of sanctions regulations/ guidance and compliance challenges (e.g. deemed ownership)

Nice to have

• Legal experience is an asset

• ACAMS or ACSS 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.

• An opportunity to do great and meaningful work with lasting impact
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

Job Skills

Auditing, Audits Compliance, Communication, Compliance Programs, Conducting Investigations, Corporate Ethics Helpline Administration and Management, Economic Sanctions, Ethical Business, Export Control, Fraud Management, Information Capture, Internal Controls, Interpersonal Relationship Management, Policy Development, Regulatory Requirements, Sarbanes-Oxley Act (SOX), Trade Compliance

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-04-172025-05-02

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.