At a Glance
- Tasks: Conduct high-risk client analyses to mitigate financial and regulatory risks.
- Company: Join RBC, a leading global bank with a commitment to integrity and collaboration.
- Benefits: Enjoy competitive pay, flexible benefits, and world-class training opportunities.
- Other info: Work in a dynamic team environment with excellent career growth potential.
- Why this job: Make a real impact in the fight against money laundering and financial crime.
- Qualifications: Experience in AML/EDD roles and strong research skills are essential.
The predicted salary is between 55000 - 65000 £ per year.
The successful candidate will perform Enhanced Due Diligence (EDD) analysis on RBC clients as assigned by the Manager and Senior Manager. These analyses involve utilising RBC approved techniques and tools to assess if a client’s Source of Wealth / Revenues are from legitimate activities. The role will investigate and document relevant and material risk factors to facilitate Senior Management decision-making for the purpose of mitigating financial, regulatory, reputational and legal risk to RBC.
This is a permanent, full-time role and requires 4 days at our 100 Bishopsgate, London office.
What will you do?
- Conduct high risk client profile analyses to identify key indicators for the purpose of mitigating Anti Money Laundering (AML), financial, regulatory, reputational, and legal risks to RBC. Propose an appropriate client risk rating and ensure thorough record-keeping.
- Work with stakeholders to ensure that assessments are escalated where relevant, prioritized within defined timelines, in compliance with RBC policy and procedures, and delivered in accordance with RBC Values.
- Engage Subject Matter Experts to address material concerns involving Anti-Bribery & Corruption (ABAC), Terrorist Financing, Economic Sanctions, Politically Exposed Person (PEP), Tax and reputational risks and assess any mitigation to the risks identified.
- Be personally responsible and accountable for self-development and maintaining up to date knowledge, best practices and skills in relevant Money Laundering, Terrorist Financing and other regulatory matters.
- In conjunction with Managers and the Senior Managers, develop and maintain a network of internal partners and external peers in the industry to support analytical requirements.
What do you need to succeed?
Must-have
- Proven track record within AML/EDD roles. Either within a bank or in an investigations, due diligence or business intelligence role at a consulting firm.
- Strong research and investigation skills, particularly with open sources and industry leading databases.
- Excellent writing skills and prior experience of writing complex and detailed reports.
- Detailed knowledge and experience of AML client risk assessment approaches and methodologies, EDD practices and policy development.
- Strong knowledge of the AML/CTF and ABAC legal and regulatory environment.
- Good understanding of geopolitical risks.
- Good problem solving and analytical skills.
- Ability to influence and direct internal and external colleagues.
Nice-to-have
- Formal qualifications at Graduate or Post-Graduate Level in AML or a related discipline or similar/equivalent.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- A world-class training program in financial services.
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. 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.
Manager, High Risk Client Management - AML in London employer: Royal Bank of Canada
RBC is an exceptional employer that prioritises employee growth and development, offering a comprehensive Total Rewards Program alongside world-class training in financial services. Located in the vibrant city of London, our collaborative and high-performing team environment fosters innovation and inclusivity, ensuring that every employee feels valued and empowered to make a meaningful impact in their role. Join us to thrive in a culture that champions mutual success and community engagement.
StudySmarter Expert Advice🤫
We think this is how you could land Manager, High Risk Client Management - AML in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already at RBC. A friendly chat can open doors and give you insider info on what they're really looking for.
✨Tip Number 2
Prepare for the interview by brushing up on your AML knowledge. Be ready to discuss real-world scenarios and how you'd handle them. Show us you know your stuff and can think on your feet!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family. Get comfortable talking about your experience and how it relates to the role. Confidence is key when you're in front of the hiring team.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're serious about joining the RBC team. Let's get you in there!
We think you need these skills to ace Manager, High Risk Client Management - AML in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in AML and EDD roles. We want to see how your skills align with the job description, so don’t hold back on showcasing your relevant achievements!
Show Off Your Writing Skills:Since excellent writing is a must-have for this role, include examples of complex reports or analyses you've written in the past. This will help us see your ability to communicate effectively, which is key for the position.
Be Specific About Your Experience:When detailing your previous roles, focus on specific projects or tasks that relate to high-risk client management and AML. We love seeing concrete examples of how you’ve tackled challenges in the past!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity at RBC.
How to prepare for a job interview at Royal Bank of Canada
✨Know Your AML Inside Out
Make sure you brush up on your knowledge of Anti-Money Laundering (AML) regulations and practices. Familiarise yourself with the latest trends in EDD analysis and be ready to discuss how you've applied these in previous roles.
✨Showcase Your Investigation Skills
Prepare examples that highlight your research and investigation skills. Think of specific instances where you identified key risk factors or successfully mitigated risks, and be ready to explain your thought process during those situations.
✨Master the Art of Report Writing
Since excellent writing skills are a must-have for this role, practice summarising complex information clearly and concisely. Bring along samples of your previous reports if possible, as they can serve as great conversation starters.
✨Engage with Stakeholders
Be prepared to discuss how you've worked with various stakeholders in the past. Highlight your ability to influence and direct colleagues, and think of examples where collaboration led to successful outcomes in risk assessment.
