Senior Manager, AML Advisory Financial Crimes Oversight Testing
Top Benefits
About the role
Job Description
What is the opportunity?
In this role you will be responsible for second line testing of AML Advisory business units (BUs). As an AML subject matter expert, you will be proactive in identifying risks, trends, themes and systemic breakdowns in the AML controls both in the 1st Line of Defense (LOD) as well as the 2nd LOD. You are also responsible for providing Senior Management timely reporting and escalation on the results of oversight testing.
What will you do?
- Strategy and Testing Initiatives
- Process & Program Initiatives
- Benchmark and research opportunities for innovation
- Gain in depth knowledge on Canadian AML legislation and become familiar with AML owned internal policies.
- Document, implement and keep abreast of regulatory and internal control changes for the applicable business units
- Maintain and leverage the Global Oversight testing Framework, Methodology and Minimum Testing Guidelines for all business units quarterly testing (FCOT testing)
- Develop and maintain the Oversight Testing Schedules for all applicable business units
- Document a consistent approach to central testing and ensure clear risks and controls are defined.
- Create Efficiency
- Revaluate testing worksheets to ensure they are current and research possibilities to create efficiencies where possible
- Stay abreast of any changes that may impact testing and brainstorm ideas to find efficiencies
- Design a consistent communication process for AML advisory for the presentation of oversight testing results
- Process & Program Initiatives
- Ongoing Management of Testing Program
- Execute Oversight Testing Plan:
- Liaise with key stakeholders to validate test results both internal and external to Financial Crime
- Provide constructive feedback on oversight results and communicate results to key stakeholders
- Review and approve testing results and recommended action plans
- Follow up with action plans noted in oversight reports to ensure appropriate steps were taken and that the steps taken are sustainable
- Contribute to the development, design, implementation and execution of business strategies related to their respective organizational area.
- Data Analysis and Research
- Liaise with FCOT and AML Advisory and conduct analysis to outline AML trends, themes or systemic breakdowns
- Oversight and Reporting
- Develop and prepare quarterly reports to senior management that align with Board reporting timelines and at minimum cover:
- testing (including 1st LOD controls) and monitoring analytical work conducted during quarter (with results),
- systemic or repeat material issues outlining the root cause,
- testing and monitoring of trends / results,
- action plans to address issues,
- upcoming testing,
- provide assurance of a complete testing universe, and
- testing deliverables not met.
- Maintain schedule of testing activities and communicate plan with stakeholders
- Follow up and track issues and ensure resolution in a timely manner
- Develop and prepare quarterly reports to senior management that align with Board reporting timelines and at minimum cover:
- Enhance Relationships with Stakeholders
- Establish, develop and maintain strong relations with internal and external partners.
- Participate in internal projects meetings in order to proactively gain insight to upcoming changes that might impact/influence oversight testing and monitoring processes
- Ensure all paper and electronic files are maintained appropriately. Create and maintain various AML documentation suitable for Audit and Regulatory review.
- Execute Oversight Testing Plan:
- Demonstrate a quality service approach through willingness to accept new assignments and adapt to changing directives.
What do you need to succeed?
Must have
- Bachelor’s Degree (e.g. Finance, Accounting, Economics, Criminology etc.) or equivalent
- 5-7 years of experience within AML.
- 2-4 years of experience within a 2nd line or audit testing function.
Nice to have
- CAMS Certification, Certified Internal Audit, Association of Financial Crimes Specialists (ACFS)
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, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- To be part of a large and growing global organization which puts client interests first and has a culture of fairness and accountability
Job Skills
Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Decision Making, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity
Additional Job Details
Address:
20 KING ST W:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-01
Application Deadline:
2025-10-10
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Manager, AML Advisory Financial Crimes Oversight Testing
Top Benefits
About the role
Job Description
What is the opportunity?
In this role you will be responsible for second line testing of AML Advisory business units (BUs). As an AML subject matter expert, you will be proactive in identifying risks, trends, themes and systemic breakdowns in the AML controls both in the 1st Line of Defense (LOD) as well as the 2nd LOD. You are also responsible for providing Senior Management timely reporting and escalation on the results of oversight testing.
What will you do?
- Strategy and Testing Initiatives
- Process & Program Initiatives
- Benchmark and research opportunities for innovation
- Gain in depth knowledge on Canadian AML legislation and become familiar with AML owned internal policies.
- Document, implement and keep abreast of regulatory and internal control changes for the applicable business units
- Maintain and leverage the Global Oversight testing Framework, Methodology and Minimum Testing Guidelines for all business units quarterly testing (FCOT testing)
- Develop and maintain the Oversight Testing Schedules for all applicable business units
- Document a consistent approach to central testing and ensure clear risks and controls are defined.
- Create Efficiency
- Revaluate testing worksheets to ensure they are current and research possibilities to create efficiencies where possible
- Stay abreast of any changes that may impact testing and brainstorm ideas to find efficiencies
- Design a consistent communication process for AML advisory for the presentation of oversight testing results
- Process & Program Initiatives
- Ongoing Management of Testing Program
- Execute Oversight Testing Plan:
- Liaise with key stakeholders to validate test results both internal and external to Financial Crime
- Provide constructive feedback on oversight results and communicate results to key stakeholders
- Review and approve testing results and recommended action plans
- Follow up with action plans noted in oversight reports to ensure appropriate steps were taken and that the steps taken are sustainable
- Contribute to the development, design, implementation and execution of business strategies related to their respective organizational area.
- Data Analysis and Research
- Liaise with FCOT and AML Advisory and conduct analysis to outline AML trends, themes or systemic breakdowns
- Oversight and Reporting
- Develop and prepare quarterly reports to senior management that align with Board reporting timelines and at minimum cover:
- testing (including 1st LOD controls) and monitoring analytical work conducted during quarter (with results),
- systemic or repeat material issues outlining the root cause,
- testing and monitoring of trends / results,
- action plans to address issues,
- upcoming testing,
- provide assurance of a complete testing universe, and
- testing deliverables not met.
- Maintain schedule of testing activities and communicate plan with stakeholders
- Follow up and track issues and ensure resolution in a timely manner
- Develop and prepare quarterly reports to senior management that align with Board reporting timelines and at minimum cover:
- Enhance Relationships with Stakeholders
- Establish, develop and maintain strong relations with internal and external partners.
- Participate in internal projects meetings in order to proactively gain insight to upcoming changes that might impact/influence oversight testing and monitoring processes
- Ensure all paper and electronic files are maintained appropriately. Create and maintain various AML documentation suitable for Audit and Regulatory review.
- Execute Oversight Testing Plan:
- Demonstrate a quality service approach through willingness to accept new assignments and adapt to changing directives.
What do you need to succeed?
Must have
- Bachelor’s Degree (e.g. Finance, Accounting, Economics, Criminology etc.) or equivalent
- 5-7 years of experience within AML.
- 2-4 years of experience within a 2nd line or audit testing function.
Nice to have
- CAMS Certification, Certified Internal Audit, Association of Financial Crimes Specialists (ACFS)
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, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- To be part of a large and growing global organization which puts client interests first and has a culture of fairness and accountability
Job Skills
Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Decision Making, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity
Additional Job Details
Address:
20 KING ST W:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-01
Application Deadline:
2025-10-10
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.