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2025 Winter - Analyst, AML High Risk Client Management Intern (4 Months)

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RBC

11d ago

  • Internship
    Full-time
    Placement Program
  • Data
    Banking & Finance
  • Toronto
  • 12d left

AI generated summary

  • You must pursue a university degree, have strong communication and analytical skills, work under pressure, and be proficient in Microsoft Office. AML knowledge and investigative experience are assets.
  • You will analyze high-risk clients for AML and TF, conduct investigations, prepare risk assessments, assign risk ratings, review alerts, and initiate due diligence as necessary.

Requirements

  • Must-have
  • Pursuing a University degree
  • Strong written and oral communication skills
  • Excellent interpersonal skills
  • Strong investigative and problem solving skills
  • Strong analytical aptitude and risk mindset
  • Ability to work under pressure of tight deadlines, multiple tasks, and quick decisions
  • Skilled in Microsoft Office Outlook, Excel, Word applications (Level 2 or above)
  • Nice-to-have
  • Knowledge of banking systems and processes
  • Strong AML knowledge – CAMS designation preferable
  • Demonstrated knowledge of, or experience in, AML Compliance, Financial Crimes investigations (within law enforcement or the financial sector), or financial regulatory oversight
  • Strong knowledge of relevant predicate offences, e.g., fraud, is considered an advantage
  • Experience working in law enforcement or the financial sector or financial regulatory oversight
  • Skilled in open source research

Responsibilities

  • Conduct AML and TF analyses for higher risk clients in order to identify Key Risk Indicators (KRI) 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 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.

FAQs

What is the duration of the internship position?

The internship position lasts for 4 months, with a start date in January 2025 and an end date in April 2025.

What are the main responsibilities of the Analyst, AML High Risk Client Management Intern?

The intern will conduct AML and TF analyses for higher risk clients, prepare written client risk assessments, review alerts and referrals, and assist in enhanced due diligence processes.

What qualifications do I need to apply for this internship?

Candidates must be pursuing a university degree and possess strong written and oral communication skills, analytical aptitude, and the ability to work under tight deadlines.

Is prior experience in AML or financial crimes necessary for this position?

While prior experience is not mandatory, it is considered a nice-to-have. Knowledge of AML processes, banking systems, and related investigations is beneficial.

How many hours per week should I expect to work?

The expected work hours are 37.5 hours per week.

Where is the internship located?

The internship is based in Toronto, Ontario.

Is the internship a paid position?

Yes, this internship is a salaried position.

What type of work arrangement is available for this internship?

The successful candidate will be required to be located in Ontario, with specific arrangements regarding virtual, hybrid, or in-office work discussed with the Hiring Manager.

When is the application deadline for this internship?

The formal application deadline is September 29, 2025, though applications are accepted on a rolling basis.

Will this internship help me in my professional development?

Yes, the internship offers opportunities for coaching, challenging work, and the chance to build close professional relationships, all contributing to your development.

RBC

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Mission & Purpose

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.