Know Your Client (KYC) Associate

The role of Know Your Client (KYC) Associate is part of the KYC Client Onboarding London team, interacting with team members in the Global KYC Refresh Team and KYC Client Onboarding Teams in US, Canada and APAC.

You will ensure that KYC due diligence and information is collected prior to establishing any client relationship in accordance with UK Anti-Money Laundering (AML) Compliance regulations and RBC policies.

Responsibilities

• Be 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 KYC BAU Manager / KYC management, work with areas involved to resolve and implement improved controls.
• Conduct KYC due diligence searches and perform reviews for Low/Medium/High risk customers.
• Respond to ad-hoc 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 a Subject Matter Expert on KYC UK policy and have working knowledge of other regional requirements.
• Escalate material matters relating to sanctions or ABAC, to the Global Economic Sanctions Team (GES).
• Responsible for problem-solving complex requests and escalating new issues or proposed solutions to senior management.
• Participate in intra-day and/or after-hours testing in support of system and process improvements.
• Understand complex deal structures and have confidence with GIB & Corporate Banking clients.
• Act as regional champion for vendor systems, FEN X, ABBYY, Encompass, etc.

Requirements

• Proven relevant KYC/AML experience in Capital Markets in a Global Investment Bank.
• In-depth knowledge of local and global KYC/AML, Capital Markets industry, or taxation regulatory requirements.
• Strong knowledge of Capital Markets products, trade systems and business lines.
• Knowledge of KYC/AML industry tools, portals, information sources, and vendor products.
• Experience working in Client Services using Fenergo and CLM tools.

Nice-to-have

• Degree qualification or equivalent experience.
• Operations or Technology degree, background, or experience.
• CAMS certification.
• CFA certification.
• European language skills.

Benefits

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Opportunities to work with the best in the field.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.