Director, CNS Financial Crimes

What is the Opportunity?

The Director will support the AML and Economic Sanctions Program development and implementation for City National Securities, CNR Securities, and City National Rochdale Funds compliance with the USA PATRIOT Act, AML Act of 2020, U.S. Economic Sanctions, Foreign Corrupt Practices Act (FCPA) and related regulations and guidance. He/she provides the adherence with, oversight, coordination and execution of various activities related to these regulations, responsible for updated relevant policies, procedures, vendor oversight and training. This role will be key in the implementation of the Investment Advisor AML/BSA Program final rules by the effective date.

What will you do?

• Supports the broker-dealers', Advisor and Mutual Funds Financial Crime programs, including BSA AML, Office of Foreign Assets Control (OFAC) and Anti-Bribery/Corruption compliance programs. Ensure sufficient internal controls to promote fully effective risk management practices. Prioritizes focus towards areas identified as having the highest levels of risk to the company.

• Second line of defense and advisory functions to assigned business units.

• Partner with FCC Program team to align appropriate program implementation, risk assessment input, and reporting.

• Develop and implement controls for AML and related regulations monitoring, due diligence, and reporting functions resident within the broker-dealers.

• Functions as an internal AML expert in cross-function evaluation of policies, procedures and controls from a regulatory, financial and reputational perspective.

• Partners to address any financial crime deficiencies with other 2nd line and 1st line/business units and monitors to ensure that required changes are made.

• Supports the AML/OFAC Officer relating to Internal Audit or other regulatory examination and outcome activities.

• Maintains up-to-date knowledge of CNB and RBC policies and procedures and ensures they are updated to meet regulatory and other CNB Policy or RBC Enterprise Policy requirements expectations.

• Applies both technical and general business knowledge to resolve the complex issues.

• Ensures assigned employees are in compliance with specified CNB compliance guidelines.

• Performs other duties relating to financial crimes coverage as assigned or requested.

What do you need to succeed?

Must-have

• Extensive knowledge of risk and compliance management, and/or governance practices, including a working knowledge of financial crime related program requirements relating to BSA, USA PATRIOT Act, OFAC, and FCPA.

• Strong knowledge and experience developing, coordinating, and preparing management reporting.

• Demonstrated experience managing professional staff.

Nice-to-have

• Demonstrated experience leading or contributing to the regulatory program design and implementation including horizon scanning, inventory management, mapping of regulations to risks, policies, procedures and controls and the ability to translate information into insight.

• Knowledge of financial institution governance structure and committee workflows.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $160,000-$250,000 (New Jersey), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

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Additional Job Details

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.