KYC Analyst

RBC

2d ago

Applications are closed

Job
Full-time
Junior Level
Banking & Finance
Toronto

Requirements

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)

Responsibilities

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

FAQs

What is the primary focus of the KYC Analyst position?

The primary focus of the KYC Analyst position is to conduct client due diligence reviews for prospect and existing clients within Global Investment Banking, Corporate Banking, and Global Markets, while ensuring compliance with KYC laws and regulations in Canada and the USA.

What qualifications are required for this role?

A Bachelor’s degree in Business, Finance, Accounting, or a related field is required, along with a minimum of 2 years of experience in KYC/AML, due diligence, or operational roles within the banking sector.

What skills are essential for success in this role?

Essential skills for this role include strong organizational abilities, effective communication, critical thinking, problem-solving skills, proficiency with MS Excel and MS Outlook, and the ability to work in a fast-paced environment.

Are there any preferred qualifications for applicants?

Yes, preferred qualifications include a Certified Anti-Money Laundering Specialist (CAMS) designation, previous experience in Capital Markets or knowledge of investment banking products, and secondary language skills in French.

What are the work hours for this position?

The work hours for the KYC Analyst position are 37.5 hours per week.

Is this position full-time or part-time?

The KYC Analyst position is a full-time position.

What is the location for the KYC Analyst role?

The location for this role is RBC Centre, 155 Wellington St W, Toronto, Canada.

What kind of training or development opportunities does RBC offer?

RBC offers opportunities for professional growth, including access to various job opportunities across business and geographies, with a path to advance into successive leadership roles within the KYC team.

What kind of benefits does RBC provide?

RBC provides a comprehensive Total Rewards Program that includes bonuses, flexible benefits, competitive compensation, commissions, and stock options where applicable.

How important is collaboration in this position?

Collaboration is highly important as the role involves engaging with Business and Compliance partners, as well as working with cross-regional KYC Onboarding teams to address operational issues effectively.

When is the application deadline for this position?

The application deadline for the KYC Analyst position is October 4, 2024.

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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.