RDDM Analyst recruitment
ABOUT US
RBS has a significant presence in all the main financial centres in the Asia Pacific region (Singapore, Hong Kong, Tokyo, Australia); and a transactional banking network that spans 11 countries.
Business Services is the backbone of The Royal Bank of Scotland Group, providing a diverse range of high quality services to the customer-facing operations of the Group.
Our division has many components including Markets and International Banking Technology, GIS, Investment Integration, BCM, Property Services, Change Management, Group Operations, Group Sourcing and Vendor Management, Security and Risk, Strategy and Architecture, and Technology Services.
PURPOSE OF THE ROLE
RDDM (Regional Due Diligence Management) is a young, dynamic organisation that lifts static form-based regulatory compliance (KYC: Know Your Client) to a high quality Customer Due Diligence that enhances CCS (Commercial Clients Segment) commercial opportunities as an ongoing team effort. As an international client- and product facing organization, RDDM ensures adherence to increasing regulatory requirements by enabling, facilitating and challenging the business through proximity, responsiveness, business knowledge (Client, Product, Market, Sector and Region) and global standardization of the processes involved in the client life-cycle management (CLM). CLM comprises the new client take-on (NCTO), client account request endorsement (CARE), client review and closure as an integral part of the CCS business engagement. New accounts are only opened in transaction and settlement systems after RDDM has analysed and given approval based on the client risk profile assessed for the specific market, product and global portfolio. In this way the bank ensures, through RDDM, that we are committed to achieving the highest standards of business practice and integrity.
High quality Customer Due Diligence requires an ongoing professional engagement with a large variety of colleagues who are specialists in their field of expertise. This creates value to the bank and its clients. In a fast moving political, regulatory and economic environment, RDDM will rely on its people to find the balance in mandatory and essential requirements. They must have the ability to stay abreast of the ongoing changes and act in an efficient, flexible and accurate manner. The dynamic environment is challenging and offers an array of opportunities, around the globe, and will be rewarded with attractive compensation and benefits. The recognition for focus, achievements and deliveries are based on the Jobs defined and their associated SMART objectives.
The team celebrates success and ascertains that the bank can drive its business and ensure continuity.
ACTIVITIES
- The Analyst checks research done by a research team, and corrects/enhances this work by his/her own research
- The Analyst corresponds with the Relationship Manager of the corporate client to obtain additional information and/or documentation
- The Analyst checks documentation received whether it is satisfactory for KYC Due Diligence purposes
- The Analyst corresponds with Compliance and Senior Managers in cases of increased risk of a client or adverse findings
- The Analyst may train Relationship Managers in the requirements of KYC Due Diligence
- Travel requirements: none
KEY DELIVERABLES
- The Analyst produces Risk Assessments for corporate clients that fall under his/her responsibility
- The Risk Assessments need to fulfil detailed formal requirements (mandatory information/documentation and several sign-off requirements – Compliance, Business and Senior Managers in RDDM).
- The Risk Assessments need to be properly stored together with the supporting documentation in an online storage tool.
SCOPE OF THE ROLE
- The Analyst is responsible to complete Risk Assessment Forms (including the full supporting documentation) in an accurate and timely fashion.
- The Analyst is responsible for the quality of the information that he/she has researched, collected and stored in the online system of RDDM Asia (the "KYC System")
- The Analyst is responsible for the communication with the relationship bankers of the bank (obtaining of additional information and documents from them as well as informing them of approvals for their clients)
ESSENTIAL EXPERIENCE
- Previous work experience in KYC
QUALIFICATIONS
- Degree from university or diploma from polytechnic
- Excellent English language skills
- Mandarin language skills essential
TECHNICAL COMPETENCE
- Analytical skills
- Eye for detail, high accuracy of work, concentration
- Computer literate in MS Office applications
We offer an excellent total compensation package, learning and development opportunities and a flexible benefit programme designed to help you manage and balance your own work-life priorities.