GRM, AML Financial Intelligence Unit Intern at RBC (Hybrid Role In Toronto, Ontario, Canada)

Royal Bank of Canada (RBC), a leading global financial institution, is seeking a Summer Intern for their AML Financial Intelligence Unit (FIU) Investigations team. This role is based in Toronto and operates on a hybrid model.

This is a high-impact role within the Global Risk Management (GRM) sector. As an intern, you will act like a financial detective, conducting risk-based investigations to analyze information regarding money laundering, terrorist financing, and other criminal activities.

Detailed Role & Key Responsibilities

Working with the Global AML-FIU Investigation Team, your primary responsibility is to ensure RBC is protected from financial crime. Key duties include:

1. Investigation & Analysis

• Plan and conduct risk-based investigations into matters identified from media scans, transaction monitoring, and unusual transaction reports.
• Gather intelligence from all available sources to determine if there is "sufficient suspicion" of money laundering or criminal activity.

2. Reporting & Documentation

• Maintain accurate, contemporaneous records of all investigative actions.
• Prepare relevant reports and documentation to support proposed actions based on investigation results.
• Ensure all material is handled in accordance with legal requirements and RBC policy.

3. Compliance & Timelines

• Work with partners to ensure investigations are conducted within defined timelines.
• Adhere to RBC’s Code of Conduct and FINTRAC guidance.

Eligibility Criteria: Who Can Apply?

RBC is looking for candidates with a specific mix of investigative skills and academic background:

1. Educational Background

• Degree: Completion of an undergraduate degree in a relevant field (e.g., Accounting, Business, Political Science, Criminology).
• (Note: While most internships are for returning students, this specific listing asks for "Completion of an undergraduate degree," making it suitable for recent grads or those in post-grad studies).

2. Critical Skills

• AML Knowledge: Understanding of the money laundering process and knowledge of various ML indicators.
• FINTRAC: Knowledge and understanding of FINTRAC guidance and requirements.
• Software: Intermediate proficiency in Microsoft Excel & Microsoft Word.

3. Soft Skills

• Strong investigative, critical thinking, and analytical skills.
• Ability to present complex information in a simple and concise manner (Verbal & Written).

4. Preferred Qualifications

• ACAMS Certification is a strong plus.
• Previous AML background in Canadian banking.

Benefits & Culture

• Compensation: Competitive compensation and a comprehensive Total Rewards Program.
• Growth: Leaders who support development through coaching.
• Environment: Work in a dynamic, collaborative, and high-performing team.

Frequently Asked Questions (FAQs)

Q: Is this role only for students?
A: The requirement states "Completion of an undergraduate degree," which typically implies it is open to recent graduates or those pursuing a second degree/master's, unlike standard undergrad co-ops.

Q: What is the start date?
A: The listing mentions "Start in 2026 Spring." For Canadian summer internships, this usually aligns with the May 2026 start date.

Q: Is it 100% in-office?
A: No. The role is listed as Hybrid, meaning you will split time between home and the Toronto office.

How to Apply

If you have a detective's mindset and a background in criminology or finance, this is your chance to fight financial crime with Canada's largest bank.

APPLY NOW: RBC Campus Recruitment Portal