Manager, Sanctions Compliance

Job Description

What is the opportunity?

The Global Economic Sanctions (GES) team is a unique function within the Financial Crimes Unit that provides support to Global AML Compliance teams and Business Units at an enterprise level for Canadian, US, UK, EU and APAC economic sanctions. The Manager, Global Economic Sanctions Program Oversight, reports to Senior Manager, Global Economic Sanctions Program Oversight, and is responsible to effectively manage key functions of the sanctions program to ensure regulatory requirements are well documented and consistently applied across the jurisdictions in which RBC operates.

What will you do?

• Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflect the control environment.

• Analyze and interpret quantitative data and draw meaningful conclusion.

• Prepare Executive Summary Report and Detailed Reports for Sanctions Risk Assessment.

• Conduct Sanctions Product Risk Assessment.

• Produce Sanctions Dashboard indicating the health of sanctions compliance program.

• Collaborate with MLROs, Regional AML Compliance Heads, and Local AML Compliance to support the IRCA and sanctions governance processes.

• Review and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment.

• Recommend changes to the sanctions training content at the enterprise level and for local compliance teams, as applicable.

What do you need to succeed?

Must-have

• 2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external).

• University Degree in law, finance/business, or engineering.

• Strong Data analysis in Microsoft Excel (e.g. filtering, pivot table, complex formula etc.)

• Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs etc.)

• Strong stakeholder engagement and report writing skills.

• Ability to conduct research, as well as analyze and understand sanctions regulations.

Nice-to-have

• Canadian or international legal training with an undergraduate or graduate degree in law.

• Previous sanctions experience in Financial Institution

• Master of Business Administration

• 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.

• 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.

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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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.

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