Senior Manager, AML Advisory Financial Crimes Oversight Testing

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
• 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
  • 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.
• 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

20 KING ST W:TORONTOTorontoCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-10-012025-10-10

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.