Risk Analyst, AML and Compliance

The Analyst, High Risk Client Management (HRCM) reports to the Senior Manager HRCM. In collaboration with the first and second lines of defense, including client facing professionals, AML Advisory, and other key stakeholders, the Analyst will conduct Enhanced Due Diligence (EDD) analysis for clients in order to assess whether a client is within RBC’s AML Risk Appetite and recommend a risk rating. These analyses are conducted at both onboarding, and on an ongoing basis and involves research using RBC approved techniques and tools to identify inherent and conduct risk factors, and where required historic and current source of wealth. The Analyst is required to prepare client risk assessments with the purpose of effectively communicating the materiality of any AML risk exposure (including ML, TF, high risk sector, sanctions, material relevant adverse information, etc.) for Senior Management review and approval. The role also involves communication with other business partners and stakeholders to ensure that all required matters are escalated appropriately where relevant, and that assessments are conducted within defined RBC guidelines, policies and procedures. This role requires a commitment to on-going professional development, to ensure that individual and collective team knowledge is current and comprehensive so that outcomes, including decisions and recommendations, are based on a thorough understanding of risk involved and are made in the context of AML / CTF regulatory requirements.

Conduct Enhanced Due Diligence (EDD) for higher risk clients in order to identify high risk factors 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 and periodic reviews 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
Work with business partners and stakeholders to ensure that, where applicable, all issues /reviews are escalated appropriately within defined timelines and in accordance with RBC’s policies and procedures
Communicate and follow up with business partners and/or stakeholders to obtain required information and/or documentation pertaining to risk assessment to ensure reviews / reports are completed within a timely manner
Provide feedback and support to the business and/or stakeholders to ensure adherence to AML/CTF compliance requirements and to mitigate any financial, regulatory, reputational, and legal risk exposure to RBC

Accountability and Personal Development
Assess self-training and self-development needs based on the requirements of the role in order to facilitate review of Personal Development plan with Manager/ Senior Manager as required
Complete mandatory RBC training on a timely basis and maintain current industry knowledge, best practices, and skills sets relevant to AML/CTF, and other related regulatory matters in support of the analyst role
Where applicable, engage in continuous learning on product risk
Align with best practices communicated through feedback from Managers, Senior Managers, or other key stakeholders related to quality, process & procedure, etc.
Attend and actively participate in team discussions, coaching sessions, and the development and testing of new initiatives/ processes as required
Ensure timely and accurate completion of worksheet, reports and tools pertaining to tracking of workflow and data analysis
Ensure assigned work is reviewed and completed within appropriate timelines and set benchmarks and that quality assurance feedback is understood and applied
Ensure risk assessment reports and required supporting information is documented and maintained in accordance with RBC policies and procedures
Manage Regulatory Risks
Provide input into the development of processes, guidance documents, tools and job aids as required, in order to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements
Provide feedback to the Manager/Senior Manager where gaps are identified regarding processes in order to ensure adherence to compliance with AML / CTF legislation, policies, and procedures
Bachelor's Degree or equivalent experience
Minimum 1-2 years of relevant work experience
Knowledge of and/ or experience in AML Compliance, Financial Crimes investigations (within law Working knowledge of AML compliance requirements and regulations for Canada, US, Caribbean and other jurisdictions where RBC operates
Experience working in law enforcement or the financial sector or financial regulatory oversight
Skilled in Microsoft Office Outlook, Excel, Word applications (Level 2 or above).
Strong analytical aptitude and risk mindset
Language skills (e.g. French, Dutch, Cantonese, Mandarin)
CAMS Designation preferred
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.
A comprehensive Total Rewards Program include competitive compensation and flexible benefits.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

Drives RBC’s high-performance culture
Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Full time Platform:
GROUP RISK MANAGEMENT Job Type:
Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.