AML Analyst

Brewin Dolphin

Posted 2 weeks ago, 18 May | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: dd7ddbc750414765a0dd9be7b863ea0b

Conduct high risk client profile analyses to identify key indicators for the purpose of mitigating Anti Money Laundering (AML), financial, regulatory, reputational, and legal risks to RBC Brewin Dolphin.

Confirm and verify the client Source of Funds (SoF) and Source of Wealth (SoW) at the time of onboarding and ongoing monitoring to meet internal standards and industry regulation

Conduct adverse media searches on client and associated parties, at the time of onboarding and ongoing monitoring relevant to the AML risk rating and channel.

Identify any "red flags" at the start of client relationship and during ongoing monitoring, including any risk factors which may result in reputational risk and/or any other compliance issues

Identify Politically Exposed Persons (PEPs) within RBC Brewin Dolphin's client base.

Work with stakeholders to ensure that assessments are escalated where relevant, prioritized within defined timelines, in compliance with RBC policy and procedures, and delivered in accordance with RBC Brewin Dolphin Values.

Engage Subject Matter Experts to address material concerns involving Anti-Bribery & Corruption (ABAC), Terrorist Financing, Economic Sanctions, Politically Exposed Person (PEP), Tax and reputational risks and assess any mitigation to the risks identified.

Adherence to RBC Brewin Dolphin High Risk Client Management processes and procedures, and recommend where improvements/ enhancements can be made.

Proven track record within AML/EDD roles. Either within a bank or in an investigations, due diligence or business intelligence role.

Strong research and investigation skills, particularly with open sources and industry leading databases.

Excellent writing skills and prior experience of writing complex and detailed reports.

Detailed knowledge and experience of AML client risk assessment approaches and methodologies, EDD practices and policy development.

Preferred: Formal qualification at Graduate or Post-Graduate Level in AML or related discipline.

RBC Brewin Dolphin is one of the UK's leading independent providers of discretionary wealth management. We offer award-winning personalised wealth management services that meet the varied needs of over 100,000 account holders, including individuals, charities, and pension funds., The successful candidates will perform Enhanced Due Diligence (EDD) analysis on RBC Brewin Dolphin clients. These analyses involve utilizing approved techniques and tools to assess if a client's Source of Wealth / Revenues are from legitimate activities.