Analyst, Due Diligence

RBC•Toronto, ON

22h•CA$55,000 - CA$90,000•Onsite

About The Position

The RBC IS Client Due Diligence & Onboarding team is inclusive of other first line of defense (LOD) for AML/KYC activities. In this role you will support, help lead and execute Client Due Diligence (CDD) / Know your Client (KYC) tasks for scheduled periodic reviews, remediations, and client onboarding in line with Regulatory and RBC Enterprise policy requirements for RBC IS Institutional client portfolio and our Market Services business lines.

Requirements

3+ years due diligence experience, and a sound knowledge of AML/KYC regulatory requirements for periodic review and client onboarding
Solid understanding of KYC remediation/ refresh and onboarding for a corporate client base
Familiar with Fenergo application
A strong analytical thinker with the ability to break down complexities
A continuous growth mind set with the ability to see challenges and setbacks as learning opportunities
Ability to drive productivity with accuracy and efficiency and support a dedicated team culture

Nice To Haves

AML – accreditation

Responsibilities

Function as a team member of the Centre of Excellence (COE) to ensure that information obtained is of high quality and satisfies the legal entity regulatory requirements inclusive of RBC Enterprise Policies and Procedures.
Make judgement calls and decisions on the accuracy of client documentation verses the RBC IS regulatory requirements.
Work with other Business Unit Leads, team members and associated stakeholders to identify, formulate, validate, document, and communicate AML/KYC documentation requirements for periodic reviews, onboarding new or future clients and other CDD/KYC trigger events or initiatives.
Have a deep understanding of how to perform Client Risk Scoring, Client Identification, conduct name scanning and KYC Onboarding/Refresh/Remediation of the clients across multiple business lines.
Support other business segments / business initiatives as business priorities shift.
Update RBC IS KYC systems and databases with the most current AML/KYC client documentation.
Use significant business acumen, and influence to escalate high risk records or applications to AML Compliance as appropriate and obtain approvals as per established operating procedures.
Track and report on common team progress against set targets and manage escalations.
Identify, analyze, and escalate any risks to the Associate Director or Compliance teams (Advisory, HRC, PEP, GES) and other business stakeholders as appropriate.
Complete mandatory RBC training on a timely basis and keep abreast of current industry knowledge, best practices, and skills sets relevant to AML/CTF, and other related regulatory matters in support of the analyst role.
Participate in regular update meetings, identify gaps, address risks, and support process improvements and efficiencies that could enhance the workflow and mitigate risk.
Assist with Ad-Hoc projects and initiatives that align with RBC IS pillars of success and RBC Blueprint which include: Elevate our People and Culture/ Deliver Exceptional Client Experience/ Invest in our Future / Realize our Growth Potential.