Crime Compliance – Due Diligence recruitment
Position description, responsibilities and reporting lines
UK Financial Crime Compliance supports RBC Capital Markets and International Wealth businesses to manage financial crime risk including money laundering, terrorist financing, economic sanctions, bribery corruption and fraud through advising, monitoring and investigating adherence to relevant regulatory rules and industry standards. The candidate will be responsible for providing coverage to both Capital Markets and International Wealth.
Under the supervision of the Group AML Fraud Officer for Europe and Asia, the Candidates responsibilities will include, but are not limited to:
• Working under the supervision of the AML Fraud Officer to develop UK’s approach to conducting due diligence and enhanced due diligence (EDD)
• Conducting due diligence research/investigations on high risk potential and existing clients, particularly for Wealth and Investment Banking
• Producing reports and making recommendations to the Group AML Fraud Officer and financial crime colleagues and to the business
• Conducting screening checks on potential clients for Wealth
• Working with the Corporate Investigation Services (CIS) Group in Toronto, which is responsible for conducting EDD to share best practices on due diligence and ensure that the UK is in line with Group processes
• Liaising with CIS to commission EDD reports on high profile or potentially high risk clients
• Liaising with external firms that specialise in due diligence investigations and manage assignments
• Developing and maintaining a record of due diligence investigations and recommendations given to the business
• Assist in establishing an MI strategy designed to identify and track the Firm’s financial crime risk profile and help to prepare reports for senior management.
• Review and amend applicable policies, procedures and processes within the financial crime team relevant to due diligence.
Reporting:
- The candidate will report directly to the Group AML Fraud Officer. This may change as the department evolves.
Knowledge and experience
The ideal candidate would possess knowledge and experience of the following although candidates that demonstrate the aptitude for undertaking this role will also be considered:
- Good understanding of the UK AML, terrorist financing, economic sanctions and anti-bribery requirements and regulatory environment;
- Good understanding of money laundering techniques;
- Ability to conduct detailed research/investigations into clients and transactions and produce reports for senior management; and
- Good understanding of country and product risks from an anti-money laundering risk management perspective.
Required competencies
• Excellent written and verbal communication skills;
• Strong analytical skills;
• Attention to detail;
• Good interpersonal skills;
• Flexibility in attitude /approach to work;
• Good use of initiative and organised; and
• Good practical knowledge of Word, Excel and Power Point.