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 exisitng 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 do you need to succeed?
Minimum 1 year recent or relevant KYC/AML experience with a financial institution, preferably in Capital Markets
BA / BS or equivalent
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. Nice To Have
Operations or Technology degree, background, or experience
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.
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
About RBC Royal Bank of Canada is Canada s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.
Inclusion and Equal Opportunity Employment RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.
City: Jersey City Address: 30 Hudson Street Work Hours/Week: 40+ Work Environment: Office Employment Type: Regular - U.S. Career Level: Experienced Hire/Professional Pay Type: Salaried Position Level: CM - Professional Required Travel(%): 0-25 Exempt/Non-Exempt: Exempt People Manager: No Application Deadline: 09/01/2019 Req ID: 191411