Trade Compliance - Analyst

Job Description

Job Description What is the opportunity? Trade Compliance and Internal Control team adjudicates on transactions relating to Sanctions, Vessel Scanning, Anti-Money Laundering, Anti-Terrorist Financing, Military Material Financing and related RBC policies and regulations. The incumbent will be a key decision maker on transactions such as Letters of Credit, Standbys, Guarantees, Documentary Collections and all other trade related queries and transactions that falls within Group risk management/ Global Economic Sanctions / AML decision grid for Trade processing. Additionally, the Analyst is responsible to complete the periodical Quality Assurance Program (QAP) on various Trade and IBC processes. The Analyst is also required to monitor/review /approve/escalate the trade transactions in the FIRCO queue. The Analyst is required to make the decision within the DLA and guidelines as per the policy/SOPs and escalate the transaction to GTS / GRM / GES / AMLC as and when required. All responsibilities must be carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles. What will you do? Review and decision trade transactions referred from Trade Support Officers, Trade Services Officers, RBC sales network that involve restricted countries (as a result of sanctions/embargoes or other concerns) military material or other high-risk situations Review and decision trade hits in FIRCO system for trade transactions Referral point for transactions referred from EAMLAT/Payments Sanctions filter for day-to-day compliance issues. Filing UTR for Trade Ops transactions Provide AML guidance and direction on a case-by-case basis in respect of clients who/which pose high AML risks so that appropriate due diligence is conducted, and informed decisions are made in respect of such clients Review along with Manager and validates processes under QAP (Quality Assurance Program) as outlined in Risk Ranking document Validates processes for the Centre including completing mandated verification for all Trade products (Import/Export/Guarantee/Standby & Documentary Collections). When referred transactions fall outside of delegated decision, authority, prepare submissions for decision by business, AML Compliance and/or risk management, senior management/executives as required Promotes a Client First approach with internal/external clients and service partners, ensuring responsive, value adding resource that demonstrates a Service Provider Mindset. Provides consistent service within established Client Service Commitments/Service Partner Commitments and seeks to improve the quality, timeliness, and consistency of responses to clients What do you need to succeed? Must Have Undergraduate degree, CDCS and ACAMS Certification. Good and Strong knowledge of various ICC rules. Demonstrated ability in written and oral communication skills along with strong presentation skills. Ability to determine the information and communication need

Required Skills