In this role, you will provide support to the BB&E Due Diligence (DD) team and the business, in performing customer due diligence, client risk assessment, and other first line of defense (LOD) AML/KYC activities.
What will you do?
- As part of client due diligence, the analyst ensures that information obtained is of high quality, is consistent with Policies and Procedures, and satisfies local and RBC Enterprise regulatory requirements.
- Performs Client Risk Scoring, Client Identification, and KYC documentation reviews for on boarding (new clients/accounts) and KYC Refresh/Remediation (existing clients/accounts).
- Updates RBC I&TS KYC systems and databases with the most current AML/KYC client information.
- Escalates high risk records or applications to the Senior Manager, Due Diligence or AML Compliance as appropriate, and obtain sign-off as per established COE policies and procedures.
- Tracks and reports on file progress including percentage completed, sign off status, pending responses, and action plan to obtain necessary information.
- Provides support to other DD staff and responds to day to day questions as they relate to client review efforts.
- Generates required information and data to support periodic Management, Compliance, and Audit reporting.
- Participates in related industry seminars and training as needed to enhance the knowledge of, and keep pace with global KYC requirements.
- Participates in regular update meetings to identify gaps, address risks, and implement process improvements or efficiencies for the BBE DD team.
- Leverages and shares client and stakeholder feedback to enhance quality and client experience.
- Implements, or assists with the implementation of special projects and initiatives as assigned by the Associate Director/Director, Due Diligence.
What do you need to succeed?
Must-have
- Relevant work experience in AML/KYC on boarding
- Strong understanding and subject matter expertise in AML
- Strong work ethic & attention to detail
- Proficient time management and organizational skills
- High level customer service and people skills
- Prior Experience with KYC documentation
Nice-to-have
- Bachelor’s Degree such as LLB or equivalent; or para-legal background
- CAMS or equivalent AML certification
- Prior experience in financial services
- Prior experience with documentation review
