Description
RBC Capital Markets is seeking a KYC Processing Specialist to join their team in Putrajaya, Malaysia. The successful candidate will be responsible for ensuring that Know Your Client (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:
- 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, 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 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 Subject Matter Expert on KYC UK policy and have working knowledge of other regional requirements.
- Escalate to RBCCM AML Compliance and on clients identified as High Risk or where material adverse information has been identified.
- Escalate to the Global Economic Sanctions Team (GES) on material matters relating to sanctions or ABAC.
- Participate in intra-day and/or after hours testing in support of system and process improvements.
- Understanding of MIFID II.
Requirements:
- Minimum 2 years of recent or relevant KYC/AML experience in Capital Markets.
- BA / BS or equivalent.
- In-depth knowledge of local and global KYC/AML, Capital Markets industry, or taxation regulatory requirements.
- Familiarity with Capital Markets products, trade systems and business lines.
Nice-to-have:
- Tax knowledge.
- Operations or Technology degree, background, or experience.
- CAMS certification.
- CFA certification.
- Familiarity with RBC organization, systems, and business.