Job Responsibilities:
AML/CFT/Sanctions Advisory
- Advises FO on onboarding requirements
- Advises on and prepares risk framework
- Performs gap analysis for new regulatory requirements
- Review and update of AML/CFT/Sanctions related policies and procedures
Account Opening
- Reviews and checks client on-boarding and account opening documentation
- Performs detailed due diligence and compliance assessments on client on-boarding and account opening documentation
- Checks adherence to client with the on-boarding checklist (e.g. KYC, Hansha checks, World-Check or equivalent, Google searches, PEP status, VC etc.)
- Performs Customer Due Diligence and Enhanced Due Diligence
Daily Name Screening
- Reviews, clears with adequate justifications alerts in name screening tool (ad hoc and batch name screening, etc) and escalates relevant adverse hits
Transaction Monitoring
- Review inflow/outflows of cash and assets
- Investigates unusual transactions
- Prepares STRs
Periodic Reviews
- Organises, tracks and performs the periodic KYC reviews including trigger event reviews
- Prepares documentation for re-approval by Senior Management
Admin/Systems
- Handles the filing and archiving of client documents
- Monitors the client status as accredited investors
- Liaises with external vendors for AML related matters
- Performs reviews of parameters and functionalities of AML systems (threshold setting)
- Prepares KYC, AML training materials and delivers KYC, AML training
- Prepares documents/ reports (client files, memos, AML dashboard, monthly key risk report for AML, EWRA etc) for submission to senior management.
Job Requirements:
- At least 5 years’ KYC & AML experience in a private bank (within the second line AML function).
- Good command in English writing skills as well as analytical skills
- Good team player
- Positive and energetic
- Strong working knowledge of account opening and CDD/KYC/AML Advisory/Periodic Review/Transaction Monitoring in Private Banking
- Able to advise on complex corporate structures
- Mandarin, Bahasa or Japanese language knowledge would be a plus
- Immediate/short term availability would be a plus
