Global Economic Sanctions Payment Specialist (contract)

Global Economic Sanctions (GES) Payments Specialists are responsible to review and decision payments (incoming and outgoing) to support global business units and local compliance teams. Real time payments are reviewed to assess and address the sanctions risk, investigated to ensure the transaction is permissible under the regulations, and decisioned in accordance with the applicable sanctions regulations i.e. US, UK, EU and Canada

What is the opportunity?

The Global Economic Sanctions (GES) Payments team is a unique function in Global AML Compliance group. It is comprised of a group of employees who are responsible for the review, investigation and decisioning of real time wire payments and cross border Automated Clearing House transactions that are initiated/received by RBC clients globally. The Global Economic Sanctions (GES) Payments Specialists, reports to the Senior Manager, Global Economic Sanctions Payments team, and is responsible to review and decision payments (incoming and outgoing) to support global business units and local compliance teams.

What will you do?

• review real time payment escalations and decision in accordance with the applicable regulations (US, UK, EU and Canada);
• act as first point of referral for the internal clients on economic sanction related issues , seeking guidance when required from Manager / senior manager GES Payments;
• engage Manager / Senior Manager GES Payments for cases that are complex and / or exceed established authority;
• review sanctions regulations on a continuing basis to ensure knowledge remains current;
• recommend the addition of entities/individuals on the RBC internal Watchlist to Manager / Senior Manager GES Payments where due diligence is conducted and an involvement with a sanctioned country or individual/entity is confirmed; and
• work on statutory holidays on a rotating basis to support global business lines;

What do you need to succeed?

Must-have

• Knowledge of Canadian, US sanction regulations
• University Bachelors Degree.
• Ability to work in the office a minimum of 2 days a week.

Nice-to-have

• Strong communications, analytical, organizational, and planning skills.
• Knowledge of the global RBC organizational structure.
• ACAMS or ACSS certification.

Whats 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.

• Supportive learning environment to support purposeful career development.
• Opportunities to progress and grow.
• Take part in impactful work.
• Work within a team of passionate, and innovative individuals.

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTContract (Fixed Term)Salaried2024-10-292024-11-12

Inclusion and Equal Opportunity Employment