Royal Bank of Canada

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

GRM, - Analyst - High Risk Client Management Intern

Job Description

What is the opportunity?

The Analyst, AML High Risk Client Management (Coop Student) will provide support and assistance to the various teams within High Risk Client Management in conducting Enhanced Due Diligence (EDD) and assessing money laundering and terrorist financing risk on clients and prospect clients.

What will you do?

• 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.

What do you need to succeed?

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

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Job Summary

Participates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2023-09-13

Application Deadline:

2023-10-06

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.

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