Description
The High Risk Client Management Support role will support the Director and Associate Directors, High Risk Client Management Europe in ensuring the successful operation of the High Risk Client Management teams.
This will primarily involve the completion of enhanced due diligence and AML client risk assessments in relation to RBC's highest risk clients to protect RBC from financial crime and associated reputational risk.
The role will predominantly cover the RBC Wealth businesses in Europe but will also incorporate other RBC platforms as required - including GAM, IS, Capital Markets and Enterprise Strategic Clients.
Responsibilities:
- Completion of enhanced due diligence and AML client risk assessments in relation to RBC's highest risk clients and potential clients, as well as Enterprise Strategic Clients, to protect RBC from financial crime and associated reputational risk.
- Developing and implementing strategies for all activities relating to one or more business units regarding business conduct and ethical relationship standards.
- Providing advice and interpretation of Anti-Money Laundering and Anti-Terrorist Financing compliance, including corporate policies and procedures to assigned business unit or units.
- Managing the investigation process for alleged violations.
- Overseeing development of relevant programs to ensure compliance and reduce risk.
- Training and mentoring of new members of the High Risk Client Management team.
- Reviewing initial drafts of reports completed by other Managers and Analysts within the team.
- Work with the Business, AML colleagues and the Enterprise Strategic Client Group to ensure consistent application of risk assessments and to manage business line expectations.
- Provide AML counsel and guidance to the Front Office, Compliance, Legal, Operations and other functions on the firm's high risk clients and risk rating framework.
- Support and assist the Director and Associate Directors of HRCM Europe in the execution of their responsibilities and mandates to ensure robust and proportionate AML systems and controls in managing AML client risk across international platforms and the Enterprise Strategic Clients Group.
- Support the Director and Associate Directors of HRCM Europe in developing client risk management policy and procedures.
- Drive specific projects as requested by the Director and Associate Directors of HRCM Europe.
Requirements:
- Proven track record within AML/EDD roles.
- Minimum of five years experience.
- Strong knowledge of the AML/CTF and ABAC legal and regulatory environment.
- Good understanding of geopolitical risks.
- Detailed knowledge and experience of AML client risk assessment approaches and methodologies.
- EDD practices and policy development.
Nice to Have:
- Formal qualification at Graduate or Post-Graduate Level in AML or related discipline.
- Sound written and spoken communication skills.
- Good presentation skills.
- Good interpersonal / communications skills.
- Good problem solving and analytical skills.
- Ability to influence and direct internal and external colleagues.
- Flexibility in attitude and approach.
- Initiative and organization.
- Excellent written and verbal skills.
- Strong analytical skills.
- Attention to detail.
- Knowledge of MS Office applications.