Senior Manager SAR/STR Assessment and Reporting - 12 month contract
Top Benefits
About the role
Job Description
What is the opportunity?
The incumbent is mandated to develop, oversee, and conduct the thorough assessments of Suspicious Activity Reports (SARs) & Suspicious Transaction Reports (STRs), identifying patterns and trends, and providing actionable recommendations to improve our anti-money laundering (AML) strategies. This role is crucial in the overall SAR/STR Strategy and instills a transformative approach to regulatory compliance which requires managing regulatory expectations, balancing risk appetite and ensuring RBC remains compliant with regulatory requirements and effectively mitigates financial crime risks.
The incumbent will leverage their financial crime experience, analytics expertise, and excellent communication skills to provide key insights to stakeholders across the AML program and this will play a key role in advancing the AML program by aligning RBC Financial Crime resources on national financial crime priorities and optimizing STR reporting by increasing focus on high probative value STRs while identifying solutions to streamline low value STRs.
What will you do?
- Provide industry insight through benchmarking and regulatory research that will drive AML Program development
- Perform analytics on STRs data to identify trends, patterns, anomalies, emerging risks and opportunities to improve efficiency and effectiveness in STR reporting processes
- Ensure that the output of the assessment forms an input to threat assessments, industry projects and the IRA.
- Perform regression analysis on STRS to drive continuous improvement through the implementation of feedback loops to investigative sources
- Escalation of any issues that are detected
- Ensure proper emphasis is placed on coverage of regulatory national priorities
- Assess RBC’s approach to meeting key regulatory expectations such as on continued activity, filing on predicate offences, and filing ‘As soon as practical’
- Assess STRs against the value chain to identify practices that need to be enhanced, modified or eliminated
- Collaborate with MLROs, risk management teams, and other departments to address identified issues.
- Identify opportunities to enhance the SAR/STR detection and reporting process.
- Recommend and implement best practices for improving efficiency and effectiveness in SAR/STR assessments.
What do you need to succeed?
Must have
- Post-secondary education or equivalent.
- 5+ years of financial crimes investigative, analytic and leadership experience
- Experience with collaborative strategy development & communication
- Experience communicating to regulators, auditors and senior management
- Familiarity with AML legislation and regulations
Nice to have
- Graduate degree (MBA or relevant subject matter area)
- Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications
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
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Opportunities to do challenging work
Job Skills
Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking
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:
Contract (Fixed Term)
Pay Type:
Salaried
Posted Date:
2025-11-05
Application Deadline:
2025-11-29
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 SAR/STR Assessment and Reporting - 12 month contract
Top Benefits
About the role
Job Description
What is the opportunity?
The incumbent is mandated to develop, oversee, and conduct the thorough assessments of Suspicious Activity Reports (SARs) & Suspicious Transaction Reports (STRs), identifying patterns and trends, and providing actionable recommendations to improve our anti-money laundering (AML) strategies. This role is crucial in the overall SAR/STR Strategy and instills a transformative approach to regulatory compliance which requires managing regulatory expectations, balancing risk appetite and ensuring RBC remains compliant with regulatory requirements and effectively mitigates financial crime risks.
The incumbent will leverage their financial crime experience, analytics expertise, and excellent communication skills to provide key insights to stakeholders across the AML program and this will play a key role in advancing the AML program by aligning RBC Financial Crime resources on national financial crime priorities and optimizing STR reporting by increasing focus on high probative value STRs while identifying solutions to streamline low value STRs.
What will you do?
- Provide industry insight through benchmarking and regulatory research that will drive AML Program development
- Perform analytics on STRs data to identify trends, patterns, anomalies, emerging risks and opportunities to improve efficiency and effectiveness in STR reporting processes
- Ensure that the output of the assessment forms an input to threat assessments, industry projects and the IRA.
- Perform regression analysis on STRS to drive continuous improvement through the implementation of feedback loops to investigative sources
- Escalation of any issues that are detected
- Ensure proper emphasis is placed on coverage of regulatory national priorities
- Assess RBC’s approach to meeting key regulatory expectations such as on continued activity, filing on predicate offences, and filing ‘As soon as practical’
- Assess STRs against the value chain to identify practices that need to be enhanced, modified or eliminated
- Collaborate with MLROs, risk management teams, and other departments to address identified issues.
- Identify opportunities to enhance the SAR/STR detection and reporting process.
- Recommend and implement best practices for improving efficiency and effectiveness in SAR/STR assessments.
What do you need to succeed?
Must have
- Post-secondary education or equivalent.
- 5+ years of financial crimes investigative, analytic and leadership experience
- Experience with collaborative strategy development & communication
- Experience communicating to regulators, auditors and senior management
- Familiarity with AML legislation and regulations
Nice to have
- Graduate degree (MBA or relevant subject matter area)
- Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications
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
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Opportunities to do challenging work
Job Skills
Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking
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:
Contract (Fixed Term)
Pay Type:
Salaried
Posted Date:
2025-11-05
Application Deadline:
2025-11-29
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.