Global Economic Sanctions Payment Specialist contract

RBC
CA - Ontario - Toronto
November 1, 2024

Job Summary

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.

Job Skills
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
Address:
20 KING ST W:TORONTO City:
TORONTO Country:
Canada Work hours/week:
37.5 Employment Type:
Full time Platform:
GROUP RISK MANAGEMENT Job Type:
Contract (Fixed Term) Pay Type:
Salaried Posted Date:
2024-10-29 Application Deadline:
2024-11-12

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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