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
• Communicate and follow up with business partners and/or stakeholders to obtain required information and/or documentation pertaining to risk assessment to ensure reviews / reports are completed within a timely manner
• 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
• Where applicable, engage in continuous learning on product risk
• Align with best practices communicated through feedback from Managers, Senior Managers, or other key stakeholders related to quality, process & procedure, etc.
• Attend and actively participate in team discussions, coaching sessions, and the development and testing of new initiatives/ processes as required
• Ensure timely and accurate completion of worksheet, reports and tools pertaining to tracking of workflow and data analysis
• Ensure assigned work is reviewed and completed within appropriate timelines and set benchmarks and that quality assurance feedback is understood and applied
• Ensure risk assessment reports and required supporting information is documented and maintained in accordance with RBC policies and procedures
• Adhere to RBC Code of Conduct and privacy principles
• Provide input into the development of processes, guidance documents, tools and job aids as required, in order to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements
• Provide feedback to the Manager/Senior Manager where gaps are identified regarding processes in order to ensure adherence to compliance with AML / CTF legislation, policies, and procedures
• Contribute to and provide information to support requests from audit, regulators and/or supervisory bodies

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
• Standards for knowledge and experience for assigned area of responsibility (for example, Capital Markets, Sectors)
• 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.
• Potential to earn more through RBC’s discretionary variable compensation program.