What is the opportunity?

The Manager, HRS Alert Analysis is responsible for performing second-level triage and making risk-based decisions on alerts and cases that require due diligence. The role involves evaluating client activity against established risk appetite frameworks, determining whether further investigation is warranted, and ensuring thorough and accurate documentation of all findings. As a subject matter expert, the Manager leads the review of payment and name screening alerts related to High Risk Sectors ("HRS"), applying approved methodologies and tools to conduct name matching analysis and assess potential risk exposure.

The Manager is also responsible for overseeing the Fircosoft Live Alerts (“FIRCO”) process, including real-time assessment of trade finance transactions to determine whether they should be released or escalated for further review based on regulatory expectations and internal risk management policies and standards. 

What will you do?

• Operate effectively within a high-volume, time-sensitive environment, maintaining quality and accuracy under tight deadlines and flexibility to support FIRCO coverage during select public holidays.
• Conduct thorough reviews of alerts, including real-time analysis of live Trade Finance transactions, to identify potential AML and financial crime risks, and ensuring strong risk-based assessments.
• Ensure timely, accurate, and well-documented alert commentary, including detailed rationale and uploading supporting evidence into applicable systems (e.g., Fircosoft, Trade360, Excel, etc.)
• Directly responsible for reviewing alerts within the aforementioned workflows to identify suspicious activity, determine materiality, and take appropriate action. Review of the multiple workflows should always ensure adherence to internal policies, regulatory requirements, and operational standards.
• Escalate complex or high-risk alerts for further investigation to the appropriate stakeholder(s), while independently triaging alerts where risks can be mitigated in alignment with established procedures.
• Provide subject matter expertise and ongoing feedback to Senior Management to enhance the quality and consistency of name screening, risk assessment practices, and workflow efficiency. Maintain a high-quality level of alert adjudication and ensure strong rationale and judgement is used for the purpose of mitigating financial, regulatory, reputational, and legal risk to RBC.
• Collaborate with internal stakeholders to ensure timely escalation and include all material information, and align with HRSAA’s internal processes, when applicable.
• Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML/ATF and other regulatory matters in support of the analytical function. Reviews and takes appropriate actions on alerts and cases flagged for payments related to high-risk sectors, as defined in the respective High Risk Sectors Alert Analysis (HRSAA) processes. These include, but is not limited to, workflows such as Email Money Transfers for Cannabis-Related Businesses, Quarterly Enhanced Transaction Monitoring, CLF and Potential MRB Daily Name Scanning, Monthly Wire Scans, and others.

What do you need to succeed?

Must have

• Strong knowledge of AML/ATF regulations, financial crime typologies, and risk management principles
• 2+ years’ experience in financial crime and/or money laundering investigations within banking, law enforcement, a regulatory body, or equivalent.
• Proficient experience with Microsoft Excel
• Strong analytical and critical thinking skills, with attention to detail and accuracy

Nice to have

• CAMS designation 
• Trade finance knowledge and experience is considered an asset
• Subject matter expert in name screening, transaction monitoring, and the cannabis industry 

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

• Leaders who support your development through coaching and managing opportunities

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities

• Work in a dynamic, collaborative, progressive, and high-performing team

• Ability to make a difference and lasting impact

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.