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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Job Description
What is the opportunity?
You will Know Your Client (KYC) due diligence and information is collected prior to establishing any client relationship in accordance to UK Anti-Money Laundering (AML) Compliance regulations and RBC policies.
What will you do?
Responsible for the KYC processing of new client and account opening forms and maintaining reference databases with completed records and information
Assess issues of potential non-compliance, provide recommendations and, together with the KYC BAU Manager, Team Lead and/or senior KYC management, work with areas involved to resolve and implement improved controls
Conduct KYC due diligence searches and perform reviews for Low/Medium/High risk customers.
Respond to adhoc requests for information from Business areas regarding appropriate KYC documentation
Identify potential areas for improved processing and automation of manual processes wherever possible
Act as Subject Matter Expert on KYC UK policy and have working knowledge of other regional requirements
Escalating to RBCCM AML Compliance and on clients identified as High Risk or where material adverse information has been identified
Escalating to the Global Economic Sanctions Team (GES) on material matters relating to sanctions or ABAC, respectively to the extent not escalated otherwise to AML Compliance
Participate in intra-day and/or after hours testing in support of system and process improvements
Understanding of MIFID II
What do you need to succeed?
Must-have
Recent or relevant KYC/AML experience in Capital Markets
BA / BS or equivalent
In-depth knowledge of local and global KYC/AML, Capital Markets industry, or taxation regulatory requirements
In-depth knowledge of local and global KYC/AML, Capital Markets industry or taxation regulatory requirements (IIROC, OFSI, IRS, etc.)
Familiarity with Capital Markets products, trade systems and business lines
What is in it for you?
We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
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 working options fully supported.
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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