Intermediary Risk Assessment Senior Manager

The Intermediary AML Risk Assessment Senior Manager reports to and supports the Head of First Line Due Diligence to meet all required targets. The role holder is responsible for the coordination and management of client onboarding controls, partnering with Client Facing Teams (CFT) and the Intermediaries business as well as the AML team, the Client Service team and the Second Line of Defence Enhanced Due Diligence team. When partnering with the front office they will be expected to provide 1st line of defense (LoD) AML / KYC advice to the business with respect to RBC/WME risk appetite, Enterprise Policies and WME Policies and Standards and onboarding, periodic review and trigger event processes.
The role will be responsible for addressing any back book of remediation to a successful conclusion as well as embedding a robust control environment to manage BAU. The role holder will ensure KYC is done in a timely manner and to a high standard across the Wealth Management European client facing teams and will support the Head of First Line Due Diligence to ensure that front office processes for client/third party due diligence; on-boarding, on-going reviews, planning, KRIs etc related to KYC for the RBC BD client base (Indirect clients, Direct clients, Intermediaries and BPS) are effective.
The successful candidate will support their Head of function and work closely with the Client Services team and the 2nd line to detect and prevent emerging KYC client related risks in RBC BD. The role holder will also be expected to attend leadership meetings and provide MI to keep management aware of the KYC risks and issues.
The role holder will also be expected to partner with Second line teams to embed and support quality assurance (QA) and to comply with regulatory and compliance standards i.e. tax reporting (FATCA, CRS), PEP/Sanctions screening, Adverse Media screening and Trust Registration Service requirements. The role holder may also be expected to support CFTs with training on standards.
What will you do?
Act as the initial consultation point for 1st LoD with respect to high-risk prospects and existing client periodic reviews.
Support Head of First Line Due Diligence in the preparation of papers for the High-Risk Committee and assist in the administration of the Committee.
Partner with CFTs and Intermediaries business to raise concerns, suggestions and potential improvements in the onboarding, periodic review and trigger event process for considerations with AML Advisory, Client Services and other stakeholders.
Establish a collective conscience across client facing teams on adherence to AML / KYC standards.
Develop improvements to existing standards on AML / KYC controls in partnership with the 2nd line of defense.
Lead and influence client facing teams and monitoring teams to adapt practices in line with regulatory / legislative changes to AML / KYC processes.
Continually develop knowledge on evolving market practices around AML related processes including KYC / client due diligence and enhanced due diligence / transaction monitoring and sanctions.
Establish partnership with Client Services team and 2LoD to ensure seamless interaction on AML topics and work book.
Provide regular MI to Head of Function to ensure management remain aware of emerging and key risks / overdue reviews and relevant issues, along with a plan to address. MI should be developed and distributed to appropriate fora (i.e. Wealth Management Committee / Client Facing Risk Committee).
Support an ongoing quality assurance process in collaboration with 2nd line teams.
Partner with the front office to ensure all client reviews (periodic reviews, reliance testing, PEP and High-Risk work) are completed in a timely manner and to a high standard, with focus on quality of data / information standards.
Support ongoing project work / BAU remediation work-streams.
Identify and critically analyse collected information and data, preparing documentation, and ensuring compliance with internal requirement and external regulations.
Support periodic KYC reviews through to successful conclusion.
Support the wider organisation who perform analysis and monitoring of transactions / implementing transaction alerts.
Ensure the AML policy correctly reflects our business and develop suitable KRIs, in partnership with the 2nd line of defence, to measure adherence to the policy and KRIs.
Partner with Client Services team to ensure compliance with cross-border and third country/ regulatory requirements (i.e. if an individual moves country or has affiliation with additional territories).
Represent the business in interaction with auditors, compliance, and risk teams

Proven experience within the financial services sector, ideally within a wealth management environment.
You will have worked in a regulatory space across multiple lines of business, understanding the requirements of both regulatory framework and the business.
You will have global regulatory experience with advantage of having worked in an AML role.
You will have experience in business controls with exposure to managing audit findings and raising / addressing self-identified issues appropriately.
Experience of collaborating across client facing, corporate functions and external parties to drive efficiency.
Previous team management experience essential, with required skills to drive high engagement and high performance.
Highly developed analytic and strategic skills, ideally developed in a professional services or consultancy environment.
Developed presentational and influencing skills to ExCo level.

Onboarding, Enhanced Due Diligence, Screening, Sanctions, PEP and Adverse Media, Transactional Monitoring, offboarding / client exits.
What is in it for you?
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 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
Flexible working options fully supported.
Agency Notice
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.
Job Skills Business Process Design, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Fraud Risk Management, Industry Knowledge, Investment Risk Management, Risk Control, Risk Management, Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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