Analyst, Due Diligence

Royal Bank of Canada•Toronto, ON

1d•Onsite

About The Position

In this role, you will provide support to the Global Transaction Banking (GTB) 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. 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.

Requirements

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 Haves

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

Responsibilities

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 Capital Markets KYC systems and databases with the most current AML/KYC client information.
Escalates high risk records or applications to the Vice President (VP), 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 GTB 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 VP/Director, Due Diligence.