AML High-Risk Client Management Co-op

0000050007 Royal Bank of Canada; Bedford; On-site; CAD 18,000 - 30,000; Full time

Job summary

Royal Bank of Canada is seeking a Coop Student for the AML High Risk Client Management team. You will support Enhanced Due Diligence and assess money laundering and terrorist financing risk on clients and prospects.

The role involves conducting analyses, preparing risk assessments, communicating findings to Senior Management, and helping determine whether further investigation is required. Flexible work arrangements may apply and the placement runs January to April 2027 within Ontario.

Qualifications

• Pursuing a University degree.
• Strong written and oral communication skills.
• Excellent interpersonal skills.
• Strong investigative and problem solving skills.
• Strong analytical aptitude and risk mindset.
• Ability to work under pressure of tight deadlines, multiple tasks, and quick decisions.
• Proficiency in Microsoft Office Outlook, Excel, Word (Level 2 or above).
• Nice-to-have: Knowledge of banking systems and processes.
• Strong AML knowledge – CAMS designation preferable.
• Demonstrated knowledge of, or experience in, AML Compliance, Financial Crimes investigations, or financial regulatory oversight.
• Strong knowledge of relevant predicate offences, e.g., fraud.
• Experience working in law enforcement or the financial sector or financial regulatory oversight.
• Skilled in open source research.

Responsibilities

• Conduct AML and TF analyses for higher risk clients to identify Key Risk Indicators (KRI) for mitigating risks.
• Conduct research and investigations using RBC approved techniques and tools to evaluate if a client presents higher risk.
• Prepare accurate, organized risk assessments with findings and recommendations.
• Prioritize and prepare client risk assessments within RBC guidelines and procedures.
• Assign an appropriate risk rating to clients in accordance with RBC’s risk rating methodology.
• Review, triage and assess alerts and referrals to determine if further investigation is required.
• Initiate and/or execute due diligence to determine whether an EDD review is required and gather required information/documents.

Job description

Royal Bank of Canada is seeking a Coop Student for the AML High Risk Client Management team. You will support Enhanced Due Diligence and assess money laundering and terrorist financing risk on clients and prospects.

The role involves conducting analyses, preparing risk assessments, communicating findings to Senior Management, and helping determine whether further investigation is required. Flexible work arrangements may apply and the placement runs January to April 2027 within Ontario.