AML Analyst

Job Description

What is the opportunity?

Join RBC Wealth Management, a 2021 Minneapolis/St. Paul Business Journal “Top Place to Work”, and shape RBC’s future!

As an AML Analyst with RBC Wealth Management you will conduct surveillance and investigative work to ensure the firm’s AML Program maintains compliance with regulatory requirements. You will be responsible for investigating alerts, reviewing client patterns, and preparing concise investigation summaries that help support recommended final outcomes. Using your ability to analyze data and problem solve, you will handle sensitive and escalated matters with discretion.

What will you do?

• Review and investigate alerts created from both automated and manual detection sources
• Review client patterns from referrals, often relating to heightened issues, and other manual sources to identify situations requiring additional investigation
• Utilize information found on internal systems (BETALink, ClientSource, PostEdge, etc.) as well as in the public domain to complete activity analysis and make informed conclusions
• Initiate communication and escalate situations as necessary, engaging personnel within Compliance, Clearing & Custody, and/or home office operations
• Prepare concise, yet thorough, investigation summaries outlining relevant details to support a final outcome
• Compile organized, well supported synopses for AML-related recommendations to be communicated to colleagues both in the field and in the home office
• Complete accurate reports for submission to law enforcement and regulatory authorities
• Apply logic and AML knowledge to investigations on a case by case basis, recognizing the subjective nature of each individual situation

What do you need to succeed?

Must-have

• Bachelor’s degree, preferably in business, finance, accounting, or criminal justice
• Series 7 or ability to obtain within 1 year of hire
• Three years of experience in a financial services/banking environment, with specific experience in AML or Compliance
• Knowledge of regulatory/compliance risk management and AML related requirements including BSA, USA PATRIOT Act, OFAC, and other applicable U.S. regulations
• Possess an understanding of the financial services industry, AML related regulations, and patterns of behavior that represent suspicious activity

Nice-to-have

• Knowledge of the securities industry and how it can be used for money laundering in order to provide effective guidance to other members of the department
• CAMS designation
• Employee oversight or supervisory experience

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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

WMUS

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JOB SUMMARY
City: Minneapolis
Address: 60 South 6th Street
Work Hours/Week: 40
Work Environment: Office
Employment Type: Regular - U.S.
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Required Travel (%): 0
Exempt/Non-Exempt: Exempt
People Manager: No
Application Deadline: 11/30/2021
Req ID: 429971
Ad Code(s):