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

Manager, Client Due Diligence Team

Job Description

What is the opportunity?

As the Manager, Client Due Diligence Team, you will be responsible for supporting Wealth Management Business on client onboarding and periodic review for different jurisdiction entities with a major focus on personal high net worth clients, offshore companies, family trust structure client.

What will you do?

• Support Wealth Management Business on client onboarding
• Perform source of wealth corroboration review and provide alternative solution that meets internal policy and regulatory requirements
• Review completeness of account documents including the documentation requirements for different types of entities structures
• Approve opening of new accounts
• Ensure efficiency and accuracy in data input for account opening
• Liaise with front office and AMLC to review and onboard new accounts and to maintain existing client relationships
• Act as intermediary between Front Office and Back Office on any issues that has been escalated for urgent resolutions
• Maintain the department procedure and policy manuals
• Participate in projects such as system UAT and follow up on system enhancement/implementation when necessary
• Conduct QA on outsourced Onboarding and Periodic Review activities.
• Assist in other ad-hoc projects and client related matters as well as audit

What do you need to succeed?

Must-have

• Degree or equivalent is required
• The role would typically require 5-7 years of experience in wealth management, preferably with experience in middle office
• Excellent leadership and team building skills
• Strong presentation, communication and interpersonal skills
• Ability to provide client focus solutions which complies with internal policies and regulatory requirements
• Have experience in reviewing and approving all risk accounts including high risk accounts
• Strong analytical skills, attention to details and sensible in problem solving and decision making
• Proficient in Microsoft Word, Excel and PowerPoint

Nice-to-have

• Knowledge and proficient in Avaloq
• This role requires handling documents from Mandarin speaking Clients, therefore proficiency in reading Mandarin is preferred

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
• Work in a dynamic, collaborative, progressive and high-performing team
• A world-class training program in financial services
• Ability to make a difference and lasting impact.

Job Summary

As the Manager, Client Due Diligence Team, you will be responsible for supporting Wealth Management Business on client onboarding and periodic review for different jurisdiction entities with a major focus on personal high net worth clients, offshore companies, family trust structure client.

Address:

Singapore, Singapore

City:

SGP-SINGAPORE

Country:

Singapore

Work hours/week:

40

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-08-28

Application Deadline:

2023-09-28

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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