The company is a large multinational private bank with a large presence in Asia. They specialize in wealth planning, asset preservation and alternative investment.
The Job
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.
- Support Client Onboarding & Lifecycle Management 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.
The Talent
- 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.
- 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 Step
- Drop your resume and contact us to follow-up, or send your resume to [email protected]
- Email Topic: Compliance Analyst (Banking | Periodic Review)
Isaac Tan Yang En
EA Licence No: 91C2918
Personnel Registration No: R24123927
