The Opportunity
- Opportunity to work for one of the leading financial service providers and top banks
- Great exposure
- It will be a 9 months contract
- Looking for 7 resources
Description
This position within Client Onboarding & Lifecycle Management is primarily responsible for the banks’ continued AML/CFT monitoring and reviews. The successful candidate is expected to maintain high and consistent standards in accordance to the AML/CFT Procedures within the bank. In addition, the successful candidate may also be assigned other compliance/risk management relevant tasks, assignments, or projects.
- Conduct periodic reviews of KYC and CDD information of existing end clients and financial intermediaries.
- Perform independent and thorough review, including plausibility checks as well as corroboration of existing clients’ source of wealth and source of funds and address gaps where any are identified.
- Advise front office and other colleagues within the team on client ongoing monitoring and review matters including deficiencies in KYC information and corroboration documents.
- Collaborate with key stakeholders involved in the process, viz, Relationship Managers, Team Heads, Market heads, Compliance and other colleagues within the bank to ensure source of wealth gaps/red flags uncovered during periodic reviews are properly addressed and closed out.
- Conduct reviews of existing clients to ensure their biodata remains updated
General
- Support Global Front Line Risk and Control on the matters that are assigned from time to time in line with overall priorities of the bank.
- Collaborate with other colleagues within the bank to drive and assists remediation and other projects as and when required.
- Prepare Management information reports based on agreed requirements.
Qualifications
- Minimum 2-3 years of experience in AML/KYC under the client review function in a private or corporate banking environment.
- Knowledgeable and sensitive to the risks (PEP, Sanctions, reputational risks) and suspicious activities typical of private or corporate banking clients.
- Knowledge of regulations including MAS, HKMA and other intergovernmental / non-governmental organization such as FATF / Wolfsberg.
- University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.
Preferred skills
- Strong understanding of AML/CFT framework and the regulatory environment and its applicability to private or corporate banking clients in the areas of onboarding, on-going client reviews and transaction monitoring.
- Familiar with MS Excel, MS Word, MS PowerPoint and other office automation tools.
Next Steps
- We could contact you in the soonest time if you directly send your resume to: [email protected]
- Email Topic: Apply CDD Specialist
