Associate, Due Diligence

RBC•Toronto, ON

1d•Onsite

About The Position

Provide support to the Global Transaction Banking (GTB) Due Diligence (DD) team and other lines of business, in performing customer due diligence, client risk assessment, and other first line of defense (1LOD) AML/KYC activities. Act as a subject matter expert, roll-out tester, trainer, and implementer of the team’s projects and initiatives that have been documented and specified and are designed to drive efficiencies and transition the team to a perpetual KYC (pKYC) environment.

Requirements

Undergraduate degree or equivalent
Strong written and oral communication skills with the ability to build and maintain effective relationships across all organizational levels
Demonstrated experience in AML/KYC onboarding with strong subject matter expertise in anti-money laundering compliance and regulatory requirements
Strong organizational and time management skills with a demonstrated commitment to accuracy and attention to detail in all deliverables.
Demonstrated experience managing KYC documentation and processes.

Nice To Haves

CAMS or equivalent AML certification
Quality Assurance and Coaching Experience
Knowledge of Swift and Payments

Responsibilities

As part of client due diligence, the incumbent 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 relationships) and KYC Refresh/Remediation (existing relationships).
Inputs and updates AML/KYC client information across internal source systems and databases to maintain data accuracy and timeliness.
Identifies and escalates high-risk records and applications to the relevant stakeholders (Vice President DD, Director DD, High Risk Client Management, or AML Compliance) and ensures required sign-off is obtained in compliance with Center of Excellence (COE) governance.
Maintains oversight of file progression by tracking completion rates, managing approval workflows, identifying outstanding items, and developing action plans to expedite information collection and provides reporting support to the Vice President, DD for team metrics and performance.
Supports DD staff development through peer coaching and training on client review procedures and the rollout of efficiency and pKYC initiatives, functioning as the first line of support for day-to-day implementation questions.
Stay current with industry developments and global KYC requirements by participating in relevant seminars and training programs, and actively share insights and learnings with the team.
Communicates team updates and process improvements by actively participating in regular team, GTB-wide, and Business/Compliance meetings to identify gaps, mitigate risks, and drive operational efficiencies
Identifies opportunities to streamline processes and enhance client experience by actively gathering and leveraging client and stakeholder feedback to drive continuous quality improvements and enhance overall client experience.
Maintains and updates RMA Due Diligence Procedures and Checklists to ensure alignment with current policy requirements and operational best practices.
Develops and delivers training content and implementation support for new procedures, ensuring effective rollout and team adoption.
Provides backup coverage and support for the execution of the bi-annual Quality Assurance program for the GTB DD team, ensuring continuity of this critical initiative.
Exercises delegated approval authority by reviewing and approving files in accordance with Vice President DD directives and established procedures.

Benefits

bonuses
flexible benefits
competitive compensation
commissions
stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Flexible work/life balance options.
Opportunities to do challenging work.
Opportunities to take on progressively greater accountabilities.
Access to a variety of job opportunities across business.