Manager – Global Economic Sanctions Program Oversight
| Company | Royal Bank of Canada |
|---|---|
| Location | Toronto, ON, Canada |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Mid Level, Senior |
Requirements
- 2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external)
- University Degree in law, finance/business, or engineering
- Strong data manipulation, analysis and validation skills, including high proficiency in Microsoft Excel (e.g. pivot table, complex formula, VBA etc.)
- Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs for executive reporting etc.)
- Ability to conduct research, as well as analyze and summarize sanctions regulations, policies, standards and procedures
- Ability to thrive in a high-pace and high-pressure working environment
Responsibilities
- Act as a subject matter expert at the enterprise level for Canadian, US, UK, EU and global economic sanctions
- Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflecting the risk and control environment
- Review large amount of quantitative data which feeds into the IRCA to calculate quantitative risk rating, and conduct Review & Challenge
- Assess the adequacy and effectiveness of control environment and provide 2nd line challenges on the Control Questionnaire
- Assess sanctions risks for all RBC product & service offerings globally
- Draft risk assessment reports at assessment unit, segment and enterprise level, as required
- Produce sanctions dashboard and management reporting on sanctions compliance program
- Assist in audit, testing or regulatory exams related to sanctions. Assist in tracking and closing sanctions-related issues
- Assess and review sanctions policies and procedures developed by global business units and/or local compliance teams; review and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment
- Develop and update sanctions related training
- Complete other ad-hoc assignments supporting GES program oversight team
Preferred Qualifications
- Canadian or international legal training with an undergraduate or graduate degree in law
- Lawyer or Management Consultant with experience in Regulatory Compliance, AML or economic sanctions
- Previous sanctions compliance experience in Financial Institution
- Called to the Bar in Canada or in local jurisdiction (for foreign-trained lawyer)
- Master of Business Administration
- CAMS, CSS or equivalent certification
- Proficiency in coding (e.g. Python Pandas)