2025 Summer - GRM, Analyst - AML High Risk Client Management Intern (4 Months)

What is the opportunity?

The Analyst, AML High Risk Client Management (Coop Student) will provide support and assistance to the various teams within High Risk Client Management in conducting Enhanced Due Diligence (EDD) and assessing money laundering and terrorist financing risk on clients and prospect clients.

What will you do?

• Conduct AML and TF analyses for higher risk clients in order to identify Key Risk Indicators (KRI) for the purpose of mitigating financial, regulatory, reputational and legal risks to RBC.
• Conduct research and investigations using RBC approved techniques and tools to evaluate if a client presents a higher level of money laundering / terrorist financing, regulatory and reputational risk to the Bank.
• Prepare accurate, organized, high quality written client risk assessments in order to provide a clear understanding of risks involved and to effectively communicate findings and recommendations.
• Prioritize and prepare client risk assessments within defined RBC guidelines, policies and procedures, using a risk based approach, in order to facilitate Senior Management decision and approval.
• Assign an appropriate risk rating to the banks clients in accordance with RBCs risk rating methodology.
• Review, triage and assess alerts and referrals in accordance with RBC policies and procedures to determine if further investigation is required.
• Initiate and/or execute due diligence to determine whether an EDD review is required and if warranted, ensure the required information / documents have been received in order to understand the extent of the client relationship.

What do you need to succeed?

Must-have

• 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
• Skilled in Microsoft Office Outlook, Excel, Word applications (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 (within law enforcement or the financial sector), or financial regulatory oversight
• Strong knowledge of relevant predicate offences, e.g., fraud, is considered an advantage
• Experience working in law enforcement or the financial sector or financial regulatory oversight
• Skilled in open source research

Whats 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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Please note:This posting is for a 4-months Summer 2025 Student placement with a start date of May 2025, and end date of August 2025. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of August 2025 ; or
• If you are not returning back to school (i.e. are graduating in August 2025), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying- candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is January 19, 2025. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangementsfor this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET25

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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