Senior Manager SAR/STR Assessment and Reporting - 12 month contract

Job Description The incumbent is mandated to develop, oversee, and conduct the thorough assessments of Suspicious Activity Reports (SARs) & Suspicious Transaction Reports (STRs), identifying patterns and trends, and providing actionable recommendations to improve our anti-money laundering (AML) strategies. This role is crucial in the overall SAR/STR Strategy and instills a transformative approach to regulatory compliance which requires managing regulatory expectations, balancing risk appetite and ensuring RBC remains compliant with regulatory requirements and effectively mitigates financial crime risks.

The incumbent will leverage their financial crime experience, analytics expertise, and excellent communication skills to provide key insights to stakeholders across the AML program and this will play a key role in advancing the AML program by aligning RBC Financial Crime resources on national financial crime priorities and optimizing STR reporting by increasing focus on high probative value STRs while identifying solutions to streamline low value STRs.

What will you do?

Provide industry insight through benchmarking and regulatory research that will drive AML Program development

Perform analytics on STRs data to identify trends, patterns, anomalies, emerging risks and opportunities to improve efficiency and effectiveness in STR reporting processes

Ensure that the output of the assessment forms an input to threat assessments, industry projects and the IRA

Perform regression analysis on STRS to drive continuous improvement through the implementation of feedback loops to investigative sources

Escalation of any issues that are detected

Ensure proper emphasis is placed on coverage of regulatory national priorities

Assess RBC’s approach to meeting key regulatory expectations such as on continued activity, filing on predicate offences, and filing ‘As soon as practical’

Assess STRs against the value chain to identify practices that need to be enhanced, modified or eliminated

Collaborate with MLROs, risk management teams, and other departments to address identified issues

Identify opportunities to enhance the SAR/STR detection and reporting process

Recommend and implement best practices for improving efficiency and effectiveness in SAR/STR assessments

What do you need to succeed? Must have

Post‑secondary education or equivalent

5+ years of financial crimes investigative, analytic and leadership experience

Experience with collaborative strategy development & communication

Experience communicating to regulators, auditors and senior management

Familiarity with AML legislation and regulations

Nice to have

Graduate degree (MBA or relevant subject matter area)

Certified Anti‑Money Laundering Specialist (CAMS) designation or other related certifications

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

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

A world‑class training program in financial services

Opportunities to do challenging work

Job Skills Anti‑Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking

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: 2025-11-05

Application Deadline: 2025-11-29

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.

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