Officer, Periodic Review
Description
This role is within the Client Due Diligence Team, supporting the Private Bank businesses by coordinating periodic reviews and name screening. The team ensures that documents submitted by the front office are complete and compliant with internal policies, guidelines, and global regulatory standards.
What We're Looking For
Coordinate the ongoing periodic review program and trigger event review, reviewing documentation submitted by the Front Office.
Perform name screening and disposition in collaboration with front office, for both periodic review and account opening.
Assess the AML risk rating for each account, including reviewing results on KYC search engines and escalating to AML Compliance when necessary for additional review, advice, and approval.
Review and re-assess client's background and profile, including source of wealth, and assess plausibility of source of wealth corroborations and account activity review.
Report to management on the status of Periodic Review, highlight outstanding and significant risk items, and monitor outstanding items.
Update department procedures and policy manuals as and when required.
Assist in compliance or audit reviews, ad-hoc projects, and control-related matters.
Provide advice to the Front Office on Client Due Diligence (CDD) queries.
Provide training to front office staffs.
Ideal Candidate
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Hard Skills
Soft Skills
Work Hours
40 hours/week
Benefits
About the Company
Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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