Crime Compliance – Monitoring Officer 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 and bribery corruption 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 Officer for Europe, the Candidates responsibilities will include, but are not limited to:
• Liaison with all departments across UK Capital Markets Wealth to review, assess and advise on enhancements to policies, procedures, systems and controls.
• Providing advice to Front Office, Compliance, Legal and Operations departments on the firm's approach to financial crime including KYC, sanctions and anti-bribery.
• 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.
• Work with members of the financial crime team and wider Compliance teams to develop and maintain a financial crime monitoring programme, in particular AML monitoring.
• Provide advice to the account opening teams including interpretation of the Firm's policies and procedures and industry guidance.
• Conducting due diligence on clients and transactions, creating reports and making recommendations to the Group AML Officer.
• Assist in the preparation and presentation of tailored face-to-face financial crime training.
• Involved in conducting investigations into suspicious activity.
• Review and amend applicable policies, procedures and processes within the financial crime team.
• Tracking and resolving regulatory, audit and internal compliance monitoring findings.
Reporting:
- The candidate will report directly to the Group AML 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/CTF and Anti-Bribery legal and regulatory environment;
- Good understanding of the AML laws and regulations and the FSA Financial Crime SYSC Rules;
- General understanding of the international AML/CTF and Anti-Bribery laws.
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.