Credit Origination Analyst, Client Due Diligence

RBC•Raleigh, NC

5d•Onsite

About The Position

The Credit Origination Analyst, Client Due Diligence, is responsible for facilitating the loan origination and client on-boarding process for securities-based loans. This includes the review of new or existing credit clients for underwriting, client due diligence, and fulfilment of credit requests. Reviews for both credit and client due diligence will run concurrently and produce risk-based analysis prior to onboarding for the US Domestic Credit Department.

Requirements

3+ years of credit underwriting experience or 3+ years of financial services experience, with direct experience in AML/KYC/Due Diligence or equivalent discipline.
Working knowledge of BSA and AML regulations, client due diligence regulatory requirements and affiliated compliance regulations.
Experience in a fast-paced, high-volume environment with a strong client service mindset.
Knowledge of regulatory compliance requirements for banking and credit, including KYC and AML.
Bachelor’s degree or combination of education and related experience

Responsibilities

Review and analyze underwriting documents for security-based loan requests within company guidelines.
Complete preliminary due diligence for all necessary documents for loan origination: Application, loan agreement, pledged accounts agreement and financial statement.
Prepare supporting information for credit decisions.
Communicate with business partners and clients as needed to obtain necessary information and documentation for the loan request.
Perform the necessary due diligence to ensure potential new and existing clients meet all the current KYC (Know Your Client) and AML (Anti Money Laundering requirements, including OGAC/World Check and PEP (Politically Exposed Person) Screening, and produce risk-based analysis prior to onboarding for the US Domestic Credit Department, ensuring the integrity of the client information such as KYC and Source of Wealth is in line with RBC’s risk-appetite and documentation is correct and in good form.
Review and analyze the risk rating methodology for new/existing clients, assimilate findings and escalate necessary items to management or compliance as needed for further actions.
Comply and provide guidance as to compliance with controls and procedures of Client Due Diligence policy covering all aspects of account opening and maintenance processes.
Maintain a working knowledge of AML and OFAC regulations, Banks Secrecy Act, and USA Patriot Act in order to ensure compliance and update internal policies and 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
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work