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Senior Manager, AML Tuning and Optimization

Senior Manager, AML Tuning and Optimization

0000050007 Royal Bank of CanadaTORONTO, Ontario, Canada
30+ days ago
Salary
CAD30–CAD36 hourly
Job type
  • Full-time
Job description

Job Description

What is the opportunity? The Senior Manager, Tuning and Optimization uses their AML experience and statistical expertise to develop and maintain an efficient and effective Tuning and Optimization Program that considers regulatory expectations, industry trends and innovation opportunities. The Senior Manager will develop and execute tuning methodologies and review performance of AML Transaction Monitoring solutions on an on-going basis. The Senior Manager will also manage the transaction monitoring tuning schedule, support tuning exercises, identify tunable parameters, and provide interpretation of results that will be supplied to the Model Business Owners and the Model Development Owners for review and approval. What will you do?

  • Develop a comprehensive, defensible, risk-based, tuning and optimization program for the Transaction Monitoring Development Team rule based and machine learning solutions
  • Together with the Director of TM develop and manage a tuning and optimization schedule for production AML Transaction Monitoring solutions
  • Lead in the development and enhancements to the tuning methodology, documentation, and procedures
  • Develop statistical and non-statistical optimization methodologies for initial threshold setting in preproduction solutions
  • Develop a repeatable tuning and above-the-line testing / below-the-line testing methodologies founded on quantitative analysis
  • Develop a process for continual assessment of alert metrics to identify potential solution decay
  • Oversee statistical components of I&A TM Methodologies, model whitepapers templates are aligned with RBC policy and regulatory expectations
  • Leads effort to develop, maintain, and document the sampling approach and methodology
  • Evaluates solution effectiveness and suitability by using statistical analysis and AML expert judgment based on solution performance and tuning results
  • Assess the output of ATL / BTL and provide recommended action for tuning reports
  • Maintain documentation surrounding approvals and justification for any enhancements
  • Partner with business partners, industry peers and external vendors to improve effectiveness and efficiency of the transaction monitoring program
  • Identifying industry best practices and new technologies for strategic consideration by the AML Monitoring and AML Governance Committee

What do you need to succeed? Must have

5+ years of technical and leadership experience

Proficient with SAS and its macro language, SQL, Python and visualization software (Tableau). Other expertise with R, Hadoop, VBA, or other related experience desirable

Strong data, analytical and quantitative method skills

Proven excellent written and oral communication skills to convey complex concepts to a non-technical audience

Strong capability in exploratory data analysis (correspondence analysis, principal component analysis, cluster analysis, latent class analysis …)

Proven innovative problem solving skills

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 an agile, collaborative, progressive, and high-performing team
  • The opportunity to interface with senior level executives from many different parts of the organization
  • Job Skills Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Documentation Preparation, Documentation Reporting, Document Collection, Financial Regulation, Interpersonal Relationship Management, Model Tuning, Operational Integrity, Optimization Analysis, 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 : Regular

    Pay Type : Salaried

    Posted Date : 2024-05-23

    Application Deadline :

    2024-06-07

    I nclusion and Equal Opportunity Employment

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