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Associate - US AML and Financial Crimes
Jersey City, NJ
Job Description
Job Summary
Job Description
- Gather information/intelligence from all available sources in order to determine whether sufficient suspicion of money laundering, financing of terrorism or other criminal activities exists, to justify making a report to the relevant Regulatory Authority for the purpose of complying with legislative/regulatory requirements, and mitigating risk to RBC in line with established organizational policy
- Recommend SAR filings to the Deputy and/or BSA AML Officer, and complete all required reporting elements
- Assist with the oversight of monthly transactional surveillance alerts closed by GAMLAAT
- Conduct investigations and draft suspicious activity reports, where appropriate, for the Cross Border businesses
- Assist in the review and approval of Cross Border service applicants and other Cross Border related escalations from Global Economic Sanctions and the Financial Intelligence Unit
- Assist with monthly and quarterly reporting for US AML and Enterprise management
- Maintain accurate, contemporaneous records of all investigative actions and decisions taken, ensuring that all material and information obtained is treated in accordance with legal and regulatory requirements and RBC policy
- Assist with coordinating responses to independent AML related audits and regulatory examinations
- Recommend and facilitate the development of controls for mitigating AML risks, meeting regulatory requirements and other expectations
- University degree or equivalent experience
- Knowledge of anti-money laundering related requirements including BSA, USA PATRIOT Act, OFAC and other applicable U.S. regulations
- Demonstrable knowledge of Capital Markets products and their use in Financial Crimes
- Knowledge of banking systems and processes
- In-depth knowledge of Capital Markets Banking products, their trade lifecycles, settlement flows, and their use in Financial Crimes
- Strong AML knowledge
- Strong knowledge of relevant predicate offences, e.g. Fraud
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- 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 building close relationships with clients
Job Skills
Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process ManagementAdditional Job Details
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Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
Open
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