Analyst, High Risk Client Management

Role Overview

• Conduct Enhanced Due Diligence (EDD) for higher risk clients in order to identify high risk factors for the purpose of mitigating financial, regulatory, reputational and legal risks to RBC
• Conduct research and investigations using RBC approved techniques and tools to evaluate if a client presents a higher level of money laundering / terrorist financing, regulatory and reputational risk to the Bank
• Prepare accurate, organized, high quality written client risk assessments in order to provide a clear understanding of risks involved and to effectively communicate findings and recommendations
• Prioritize and prepare client risk assessments and periodic reviews within defined RBC guidelines, policies and procedures, using a risk-based approach, in order to facilitate Senior Management decision and approval
• Assign an appropriate risk rating to the bank’s clients in accordance with RBC’s risk rating methodology
• Review, triage and assess alerts and referrals in accordance with RBC policies and procedures to determine if further investigation is required
• Initiate and/or execute due diligence to determine whether an EDD review is required and if warranted, ensure the required information / documents have been received in order to understand the extent of the client relationship
• File Suspicious Transaction Reports (STR) when Reasonable Grounds to Suspect (RGS) is met
• Work with business partners and stakeholders to ensure that, where applicable, all issues /reviews are escalated appropriately within defined timelines and in accordance with RBC’s policies and procedures
• Effectively communicate with business partners and stakeholders to ensure a high degree of service standards and client care focus is maintained
• Provide feedback and support to the business and/or stakeholders to ensure adherence to AML/CTF compliance requirements and to mitigate any financial, regulatory, reputational, and legal risk exposure to RBC
• Assess self-training and self-development needs based on the requirements of the role in order to facilitate review of Personal Development plan with Manager/ Senior Manager as required
• Complete mandatory RBC training on a timely basis and maintain current industry knowledge, best practices, and skills sets relevant to AML/CTF, and other related regulatory matters in support of the analyst role

Requirements

• Bachelor's Degree or equivalent experience
• Minimum 1-2 years of relevant work experience
• Knowledge of and/ or experience in AML Compliance, Financial Crimes investigations (within law)
• Working knowledge of AML compliance requirements and regulations for Canada, US, Caribbean and other jurisdictions where RBC operates
• Experience working in law enforcement or the financial sector or financial regulatory oversight
• Skilled in Microsoft Office Outlook, Excel, Word applications (Level 2 or above)
• Strong investigative and problem solving skills
• Strong analytical aptitude and risk mindset
• Highly developed organizational skills and the ability to work within strict deadlines
• Ability to work under pressure of tight deadlines, multiple tasks and quick decision
• Excellent interpersonal skills
• Strong written and oral communication skills
• Language skills (e.g. French, Dutch, Cantonese, Mandarin)
• CAMS Designation preferred
• CSC or equivalent (for Capital Markets preferred

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits
• 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
• Opportunities to do challenging work
• Opportunities to build close relationships with clients
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals