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Job Description
What is the opportunity?
This role is an exciting opportunity to join the Business & Client Services group of RBC Capital Markets and provide key operational support for investment banking needs. You will have exposure to Know Your Client ("KYC") laws and regulations prescribed in Canada and in the USA. As a KYC Onboarding Analyst, you will be a specialist in conducting client due diligence reviews for prospect and existing clients of Global Investment Banking, Corporate Banking and Global Markets business groups. You will be exposed to product driven CDD requirements and gain proficiency in understanding swaps and derivatives product rules. As a specialist, you will assess CDD trigger requirements for prospect and existing clients, identify and escalate high-risk concerns and perform sanctions screening to build a customer risk profile. In this role, you will require strong organizational skills, have ability to multi-task and triage workload, be an effective communicator and be a team player.
What will you do?
- Support the timely on-boarding and maintenance activities for prospect and existing clients whilst maintaining the integrity of the data at all times
- Perform preliminary due diligence assessments, collect updated KYC information and conduct sanctions name screening assessments to fulfil KYC laws and regulation obligations
- Identify and escalate risk factors such as high-risk industries and client types for enhanced due diligence (EDD) assessments in accordance to RBC's risk appetite framework
- Fulfil collection of OTC derivative requirements related to trade reporting and swap execution rules
- Conduct open source and paid-source due diligence searches to satisfy onboarding requirements
- Manage a pipeline of requests and continuously update the pipeline workflow for operational efficiency
- Prioritize requests by expected business deadlines dates and demonstrate flexibility to work on urgent requests
- Maintain strong organizational skills by managing incoming correspondence, updating pipeline trackers and processing updates in KYC lifecycle workflow systems
- Provide subject matter expertise on CDD requirements to internal stakeholders and clients by demonstrating knowledge of policy and procedural requirements
- Be an effective communicator to provide regular updates on case statuses and respond to inquiries within 24-48 hours
- Engage collaboratively with Business and Compliance partners to address operational issues
- Partner with cross-regional KYC Onboarding teams to provide continuous time zone coverage
- Act as one team to meet team targets and improve knowledge base by continuously updating internal training materials
- Participate in intra-day and/or after-hours system testing for technology enhancements
- Subscribe to ad-hoc projects while maintaining high productivity levels
What do you need to succeed?
Must-have:
- Bachelor Degree in Business, Finance, Accounting or other relevant field
- Minimum 2 years working experience in KYC/AML, due diligence or operationally related roles within the banking sector
- Ability to work in a fast-paced, high-volume environment
- Drive and ambition to drive strong performance results
- Prioritize your tasks according to their urgency, importance and impact independently
- Operational mindset to work in a queue based environment with a focus on delivering results
- Knowledge of various regional regulatory requirements (e.g. CIRO, OSFI, PCMLTFR, FINTRAC, CFTC, SEC, NFA) and/or experience working with regulatory or rule based environments
- Proficiency in information analysis across internal and external systems
- Critical thinker with problem solving skills
- Excellent organizational skills and strong time management skills for transparency and accountability
- Proficiency with MS Excel, MS Outlook and collaborative communication tools
- Excellent verbal and written communication skills with a client-first attitude
Nice-to-Have:
- Certified Anti-Money Laundering Specialist (CAMS) designation
- Previous Capital Markets work experience or understanding of investment banking products
- Operations or Technology degree, background, or experience
- Experience with KYC lifecycle tools such as Fenergo and third-party data providers such as Encompass, ISDA Amend, D&B and LSEG Data & Analytics
- Secondary language skills in French (written and oral)
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, commissions, and stock where applicable
- Work in a dynamic, collaborative and high-performing team
- Opportunities to do challenging work that requires critical thinking and strategic decisions
- Access to a variety of job opportunities across business and geographies
- Opportunity to grow into successive leadership roles within the broader KYC team
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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