Associate Director
About the job
- A university degree or equivalent experience is required.
- At least 4 years of relevant work experience is required.
- Extensive knowledge of risk management and anti-money laundering requirements, including the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control, Foreign Corrupt Practices Act, and other applicable U.S. regulations is required.
- Strong knowledge of Corporate Banking and Transaction Banking products and services, such as cash management, treasury, lending, and trade finance, and understanding of their associated financial crimes risks is required.
- Knowledge of Correspondent Banking risks and controls and frameworks for mitigating those risks is required.
- Ability to apply regulatory requirements to developing risk-based anti-money laundering, Economic Sanctions, and anti-bribery and anti-corruption policies and procedures for relevant businesses and products is required.
- Strong written and verbal communication and analytical skills are required.
- Strong organizational and time-management skills are required.
- Strong interpersonal and relationship-management skills are required.
- Ability to produce quality work under strict deadlines and effectively prioritize and complete multiple projects is required.
- Attention to detail and a methodical approach to analysis are required.
- Ability to understand and articulate financial crime risks in specific cases and more broadly is required.
- Ability to impact and influence, adapt, organize, and work reliably and independently is required.
- Critical-thinking skills and an innovative, digitally oriented approach are required.
- Prepare management reports and committee meeting materials covering key metrics, emerging trends, issue statuses, and other matters requiring senior management attention.
- Support the Deputy BSA/AML Officer in coordinating regulatory examination and audit requests, assessing supporting information for accuracy and completeness, and preparing timely draft responses for review.
- Assist with timely resolution and remediation of regulatory and audit findings, including checking and challenging issues and actions owned by enterprise stakeholders.
- Assist in overseeing and developing controls to mitigate financial crimes risks, including identifying potential control gaps and compensating controls to meet regulatory requirements and expectations.
- Support review of New Business Committee submissions for new or expanded products and services to identify and evaluate financial crimes risks and required controls.
- Provide input into assessments of new regulations, guidance, and enforcement actions to support regulatory compliance, alignment with best practices, and response to emerging risks.
- Deliver tailored anti-money laundering training to business and enterprise stakeholders as needed.
- Support the BSA Officer and Deputy with input into Risk Assessment and RCSA processes, including review and challenge of underlying data inputs.
- Review and challenge Transaction Monitoring Coverage Assessment results and recommendations, proposed Model White Paper updates, and Model Validation results.
- Oversee and check and challenge metrics and reporting provided by enterprise stakeholders, such as alert and case aging service-level metrics.
- Assist in enhancing anticipated activity collection and review requirements and refreshing anticipated activity to comply with the Customer Due Diligence rule.
- Provide regular updates to the BSA Officer and Deputy and escalate significant issues when needed.
- Assist with developing and updating financial crimes policies and procedures at least annually.
- Act as a subject matter expert on financial crimes requirements, including KYC/EDD and anti-money laundering inquiries from front-office, back-office, and enterprise stakeholders.
- Assist with U.S. Financial Crimes strategy projects, including project and task management and required documentation where applicable.
- Maintain industry expertise through regular participation in financial crimes forums and training.
- Apply cross-border, cross-functional, and cross-business synergies and expertise.
- Support a culture of compliance and help ensure employees understand RBC's vision and reinforce targeted behaviors that contribute to RBC goals.
- Work with unit, department, and enterprise-wide teams to develop solutions and promote a cross-enterprise mindset.
- Understanding of emerging risks, such as fraud and cryptocurrency, is preferred.
About the company
What does RBC do? It provides a wide range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets to clients in Canada, the United States, and 27 other countries. How do its products work? It earns revenue from loans, mortgages, investment products, and advisory services, and uses technology to deliver a seamless client experience across a diversified set of financial services, with an emphasis on digital tools and customer service. How is RBC different from competitors? It combines scale and global reach with a principles-led culture, a strong focus on community impact, and a large, diverse workforce (94,000+ employees) to drive client outcomes and continuous innovation. What is RBC’s goal? To help clients prosper and communities thrive by delivering reliable financial solutions and services while adapting to changing needs and maintaining leadership in the financial sector.
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1864
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Simplify's Take
What believers are saying
- Q3 2026 net income hit C$6.0 billion; capital markets and wealth drove outperformance.
- October 2026 foreign-currency transfers removed RBC fees, improving retention and cross-sell.
- OSFI cut the DSB to 3%; RBC kept 18% ROE and strong capital flexibility.
What critics are saying
- French Supreme Court made RBC Bahamas conviction final on February 4, 2026.
- Moneris sale closes in fiscal Q1 2027; payments economics shift to Francisco Partners.
- Trading-driven earnings support RBC's premium; a capital-markets reversal compresses ROE quickly.
What makes Royal Bank of Canada unique
- Canada's largest bank by market cap; diversified across banking, wealth, insurance, capital markets.
- RBC Direct Investing GoSmart and Avion Travel show proprietary digital distribution at scale.
- Global transaction banking unifies commercial and capital-markets payments across RBC's international footprint.
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Benefits
Professional Development Budget
Flexible Work Hours
Performance Bonus
Company News
Royal Bank of Canada (RBC) has issued a C$500 million four-year callable Fixed-to-Floating Rate Indigenous Bond. It plans to allocate the proceeds to loans for Indigenous communities and businesses across Canada. RBC Capital Markets is sole bookrunner and lead agent. Cedar Leaf Capital, Canada's first majority Indigenous-owned investment dealer, is co-lead agent. The offering is expected to close on October 16, 2026. The bond falls under RBC's Sustainable Bond Framework, which follows International Capital Market Association guidelines and has a Second Party Opinion from S&P Global Ratings. Sarah Thompson, global head of sustainable finance at RBC Capital Markets, said investor demand shows the structure could scale over time.
Royal Bank of Canada has issued $560 million in floating rate senior notes due October 2027, designated Series 80452, under its securities issuance programme. The pricing supplement is dated 7 October 2026. The notes have been admitted to trading under the ISM Rulebook and are governed by a prospectus dated 9 July 2026, supplemented on 28 August 2026. The notes have not been registered under the United States Securities Act of 1933 and cannot be offered, sold, or delivered in the US or to US persons, subject to certain exceptions. Under UK MiFIR product governance rules, the target market is restricted to eligible counterparties and professional clients only across all distribution channels.
Royal Bank stock: why I'd buy it now for the next 5 years. Royal Bank just posted record profit and an 18% ROE. Here's why RBC stock looks like a smart buy for the next five years. Published October 8, 8:00 pm EDT The title above must have an exact match in a WordPress "Braze Ad". Key Points * Royal Bank of Canada earned about $18 for every $100 of shareholder money last quarter, and management says that number can keep rising. * Up to $1 billion in annual savings from artificial intelligence is just beginning to materialize, with the bigger payoff expected in 2027. * The dividend is set to grow in line with earnings, backed by a capital cushion well above what regulators require. Picture a retiree in Calgary. Her five-year GIC (Guaranteed Income Certificate) recently matured, and the rate she is offered isn't very attractive. So, she sits down with an advisor at the Royal Bank of Canada (TSX: RY) and moves the money into a balanced portfolio instead. The retiree is still a bank customer while RBC continues to earn income by upselling its product portfolio. These episodes play out thousands of times every day all across RBC branches. And it helps explain why I'd happily buy Royal Bank of Canada today and hold it for the next five years. What makes Royal Bank of Canada different from other Canadian banks? The business model of banks is simple to understand. They take deposits and provide loans. The difference between the interest they earn on loans and what is paid on deposits translates into profits. CEO David McKay said at Scotiabank's Financials Summit on September 9 that RBC runs its Canadian consumer and commercial bank at a 35% efficiency ratio, below the peer average of 45%. In other words, RBC spends $0.35 to earn each dollar of revenue, while competitors spend $0.45. Further, around 40% of RBC customers hold three or more products with the bank, CFO Katherine Gibson said at a Barclays conference on September 16. Notably, capital flows into RBC's wealth business rose 20% from a year earlier. In fiscal Q3 2026 (ended in July), RBC posted a net income of $6 billion, up from $5.4 billion last year. Its earnings per share rose 13% to $4.23, while revenue rose more than 10% to $18.5 billion. RBC added more than $80 billion in new loans in the quarter, larger than its next two peers combined. Return on equity measures the profit earned on shareholder money. The ratio has improved from 15.5% in 2024 to 16.7% in 2025 and to more than 18% in Q3. RBC's AI plan could push profits even higher by 2027. RBC is targeting $700 million to $1 billion in annual benefits from AI, after paying for the investment. Gibson said the real scale-up arrives in 2027, as it used AI to accelerate commercial loan approvals and cut mortgage sales costs. McKay said: RBC has already captured $760 million in cost savings from its HSBC Canada deal, ahead of schedule. A good part of its $300 million revenue target from that deal is still to come. Meanwhile, its U.S. bank, City National, earned roughly $184 million in Q3 as its turnaround gains speed. RBC aims to pay out 40% to 50% of earnings as dividends. That means the dividend should rise roughly in line with profits. The bank declared a quarterly dividend of $1.76 per share, or $7.04 a year. The annual dividend has risen from $2 per share in 2009. RBC also holds a capital cushion of 13.5%, well above the 11% minimum regulators require. It's also buying back about 2% of its shares a year because management believes the stock is undervalued. However, investing in RBC stock carries certain risks. For instance, the trade war could slow loan demand in sectors such as automobiles, steel, and forestry, especially in Ontario. Record profits from wealth management and capital markets could move lower if stock market sentiment turns bearish. Mortgage growth is stuck in the low single digits as immigration slows. Still, Gibson said reserves for retail loan losses now match a 20-year high. The foolish takeaway. Canada's biggest bank just had a record quarter. I'm excited about the blue-chip TSX dividend stock because it can maintain payouts across market cycles while consistently expanding earnings per share.
S&P Global has led a strategic investment in Kaiko, extending the company’s Series B to $110 million. The funding will accelerate Kaiko’s regulated data infrastructure for digital assets and tokenized markets, with leading financial institutions joining a new Strategic Industry Working Group.
Less friction, no fees, more freedom: RBC offers convenient ways to send money around the world with International Money Transfers. Oct 01, 2026, 06:11 ET * Conversion-free transfers for USD, EUR, GBP and HKD currencies held in RBC U.S. and RBC Foreign Currency Accounts * Digital self-serve available any time through RBC Online Banking and the RBC Mobile app* - no branch visit required * Zero RBC transfer fees** * No monthly fee, no minimum balance for RBC Foreign Currency Accounts TORONTO, Oct. 1, 2026 /CNW/ - RBC is making it simpler to send money around the world. Following the launch of International Money Transfers from USD accounts earlier this year, clients can now send same-currency International Money Transfers from their Euro, British pound, and Hong Kong dollar accounts - without paying any RBC transfer fees. "As a globally connected bank, we want international payments to feel seamless and reliable for Canadians," said Amit Sahasrabudhe, Senior Vice President, Personal Banking & Investments, RBC. "Until now, sending money abroad digitally meant starting with Canadian dollars first. We've removed that requirement and dropped the RBC transfer fee so clients can move money around the world with less hassle and more speed." Key features of RBC's International Money Transfer service include: * Send money directly in the currency held in RBC U.S. and RBC Foreign Currency Accounts. USD, EUR, GBP or HKD can now be sent abroad in that currency. * No exchange rate surprises. By sending International Money Transfers in the foreign currency they already hold, clients avoid foreign exchange surprises at the time of the transaction and gain greater clarity on what will arrive for recipients.** * Digital self-serve. Send International Money Transfers any time through RBC Online Banking and the RBC Mobile app. No branch visit required. * No minimum balance required, no monthly account fee. There is no need to carry a minimum balance in an RBC Foreign Currency Account and it's a no-monthly-fee account. * Transfers can arrive at the destination within minutes. Clients can send up to C$50,000 equivalent per day ($C100 equivalent minimum per transfer), with funds typically arriving within 2 days.*** * Pay $0 in RBC transfer fees. Send International Money Transfers from RBC U.S. and RBC Foreign Currency Accounts with no RBC transfer fee.** * RBC Online Banking and the RBC Mobile app are provided by Royal Bank of Canada. ** Additional service fees by any intermediary and receiving bank may apply. *** In some cases, payments may take additional time for processing by RBC, intermediaries and/or beneficiary banks. "Many Canadians rely on international payment solutions to support family abroad, pay for tuition or manage property overseas, among other needs. What they've told us is clear: they want these transfers to be as fast and easy as everything else they do in RBC Online Banking and the Mobile app," said Jay Acharya, Senior Vice President, Everyday Banking, RBC. "That's exactly what we're making possible." Disclaimer This is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. The information presented is believed to be factual and up to date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 105,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet. Media contact: Kathy Bevan, RBC Corporate Communications, 647-618-2287 SOURCE RBC Royal Bank