KYC Refresh / QC Analyst-1

RBC•Bedford, NS

5d•Onsite

About The Position

As a KYC Refresh / QC Analyst within RBC Capital Markets operations, you will utilize your excellent communication and analytical skills to ensure that Know Your Client (KYC) Due Diligence processes are conducted and completed accurately prior to establishing trading relationships with customers. This role involves conducting Global KYC Refresh due diligence and KYC refresh reviews for RBC Capital Markets (RBCCM) in line with global and regional regulatory requirements. You will also conduct KYC due diligence searches and reviews for Low/Medium/High risk clients and act as a subject matter expert on regional KYC/AML regulatory requirements and RBC Capital Market policies.

Requirements

Minimum 1-2 years of KYC/AML Capital Markets experience with a financial institution.
BA/BS or equivalent
In-depth knowledge of global Regulatory requirements (IIROC, FINTRAC, FINRA, FCA, OFSI, IRS, etc.) and/or experience working with regulatory or rule-based environments.
Familiarity with Capital Markets products, trade systems and business lines.
Reporting and tracking using tools such as MS Excel, MS Access/ SharePoint.
Advanced knowledge of CDR, Fenergo, and trading and settlement applications.

Nice To Haves

Certified Anti-Money Laundering Specialist (CAMS) designation
Any financial accreditations such as the Canadian Securities Course (CSC)
Operations or Technology degree, background, or experience
Tax knowledge

Responsibilities

Conduct Global KYC Refresh due diligence and KYC refresh reviews for RBC Capital Markets (RBCCM) in line with global and regional regulatory requirements.
Conduct KYC due diligence searches and reviews for Low/Medium/High risk clients.
Act as subject matter expert on regional KYC/AML regulatory requirements and RBC Capital Market policies (including Canada, US, UK, and Asia Pacific regions).
Respond to adhoc requests for information from Front Office partners regarding appropriate KYC documentation.
Escalate to RBCCM AML Compliance, Global Economic Sanctions or other regulatory subject matter experts on clients identified as high risk or where material adverse information has been identified.
Track documentation that cannot be obtained via internal or public sources and escalate to Front Office/ so outreach to clients may be conducted.
Monitor escalation, refresh and outreach queues to ensure tasks and amendments are executed within agreed upon timelines.
Conduct Quality Control 4 eye check reviews on refreshes for various business units across North America and EMEA to ensure KYC documentation is in line with local KYC requirements and Data Quality standards.
Work with colleagues in other KYC and CMG teams globally to ensure a consistence and efficient data quality approach.
Act as Subject Matter Expert on KYC policies for Canada, US, UK, Europe (eg. France, German, Spain) and Asia Pacific regions.
Guide team members to achieve clarity on KYC/AML issues and make sure that those issues are tracked, reported on and resolved in a timely manner.
Assist with training internal and external resources on regional KYC requirements processes and applications.
Work with regional Compliance teams to raise commonly encountered issues, completion of high risk reviews and obtain consensus to streamline requirements globally.
Assist with oversight and audit preparation and quality review as needed.