KYC Client Onboarding Analyst

RBC Shared Services Malaysia Sdn Bhd; Putrajaya; On-site; MYR 326,000 - 489,000; Full time

Job summary

RBC Capital Markets is responsible for performing KYC processing for new client on-boarding and maintaining reference databases with complete records. The role involves assessing potential non-compliance issues and escalating as needed, while collaborating with AML teams to resolve findings and implement improved controls.

Expect thorough KYC due diligence for low, medium, and high-risk customers, responding to ad hoc requests, and identifying opportunities to automate manual processes.

Qualifications

• Minimum 2 years of KYC/AML experience in capital markets.
• BA/BS or equivalent degree.
• Knowledge of local and global KYC/AML, capital markets, or taxation regulatory requirements (IIROC, OFSI, IRS, etc.).
• Familiarity with capital markets products, trade systems and business lines.

Responsibilities

• Handle KYC processing for new clients and account openings.
• Maintain reference databases with completed KYC records.
• Assess potential non-compliance issues and recommend controls.
• Perform KYC due diligence for low/medium/high-risk customers.
• Respond to information requests from business areas about KYC docs.
• Identify opportunities to automate manual processes.

Skills

KYC/AML experience

Capital Markets knowledge

Regulatory compliance

Education

BA/BS or equivalent

Job description

RBC Capital Markets is the global investment banking arm of Royal Bank of Canada (RBC), providing a wide range of financial services to corporations, institutional investors, and governments worldwide. To ensure that Know Your Client (KYC) due diligence and information is collected prior to establishing any client relationship in accordance to UK Anti-Money Laundering (AML) Compliance regulations and RBC policies.

Working Hours: London Hours (4PM-1AM/5PM-2AM)

What will you do?

Responsible for the KYC processing of new client and account opening forms and maintaining reference databases with completed records and information.

Assess issues of potential non-compliance, provide recommendations and, together with the KYC BAU Manager, Team Lead and/or senior KYC management, work with areas involved to resolve and implement improved controls.

Conduct KYC due diligence searches and perform reviews for Low/Medium/High risk customers.

Respond to adhoc requests for information from Business areas regarding appropriate KYC documentation.

Identify potential areas for improved processing and automation of manual processes wherever possible.

Act as Subject Matter Expert on KYC UK policy and have working knowledge of other regional requirements.

Escalating to RBCCM AML Compliance and on clients identified as High Risk or where material adverse information has been identified.

Escalating to the Global Economic Sanctions Team (GES) on material matters relating to sanctions or ABAC, respectively to the extent not escalated otherwise to AML Compliance.

Participate in intra-day and/or after hours testing in support of system and process improvements

Understanding of MIFID II

What do you need to succeed?

Must-have

• Minimum 2 years of recent or relevant KYC/AML experience in Capital Markets
• BA / BS or equivalent
• In-depth knowledge of local and global KYC/AML, Capital Markets industry, or taxation regulatory requirements
• In-depth knowledge of local and global KYC/AML, Capital Markets industry or taxation regulatory requirements (IIROC, OFSI, IRS, etc.)
• Familiarity with Capital Markets products, trade systems and business lines.

Nice-to-have

• Tax knowledge
• Operations or Technology degree, background, or experience
• CAMS certification
• CFA certification
• Familiarity with RBC organization, systems, and business

You live a full life shaped by your ideas. By your family. Career. Community. Your unique place in the world. You want an employer that helps you realize your vision for life with a meaningful career and supports your desire for more.

At RBC, we get it. We’re committed to creating an environment that will help people realize their full potential. Whether it’s developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, RBC is a great place to build your career and life.

It’s your career. Your life. Where do you want to go?

RBC. Make It Yours

You live a full life shaped by your ideas. By your family. Career. Community. Your unique place in the world. You want an employer that helps you realize your vision for life with a meaningful career and supports your desire for more.

At RBC, we get it. We’re committed to creating an environment that will help people realize their full potential. Whether it’s developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, RBC is a great place to build your career and life.

It’s your career. Your life. Where do you want to go?