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Job Description
What is the opportunity?
To ensure that Know Your Client (KYC) due diligence and information is collected prior to establishing any client relationship in accordance to US 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 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 new and existing customers of RBC and its affiliates.
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 data issues in the US region.
Providing advice to RBCCM Business on KYC information and documentation requirements.
Escalating to RBCCM AML Compliance and/or HRC on clients identified as High Risk or where material adverse information has been identified.
Escalating to the Global Economic Sanctions Team (GES) and/or HRC 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
Communicate status updates on requests to Business partners
Ability to take on ad hoc projects or documentation exercises including status updates.
What you need to succeed?
BA / BS or equivalent
Minimum 1 year recent or relevant KYC/AML experience with a financial institution, preferably in Capital Markets
Familiarity with local and global KYC/AML, Capital Markets industry, or taxation regulatory requirements (USA PATRIOT Act, BSA, FINRA regulations, OFAC, FinCEN CDD Rule, etc.)
Familiarity with Capital Markets products, trade systems and business lines
Knowledge of KYC/AML industry tools, portals, information sources, and vendor products
Nice-to-have
ACAMS or CFE a plus
Tax knowledge
Operations or Technology degree, background, or experience
CAMS certification
CSC or CFA certification
Familiarity with RBC organization, systems, and business
What's 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 and flexible benefits, competitive compensation
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic ThinkingAdditional Job Details
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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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