(Private Banking Global Function)
To manage and provide effective guidance to Front Office in their work processes and submissions, in terms of new client account opening which involves both documentation and KYC aspect.
The role requires the candidate to advise the Front Office in all Know-Your-Client/ Source of Wealth and legal document related matters and supports the Front Office from the beginning of the new customer adoption process from prospect through to funding of the account including.
In addition, he/she liaises with the local AML officers concerning business-view on specific AML/ KYC/ SOW related topics.
In his/her function as Documentation/KYC SME, the candidate can manage the daily BAU responsibilities and reporting on metrics. It involves close collaboration with AML, Compliance, ORM, Front Office and Legal.
Responsibilities
- Ensure timely account openings and response turnaround
- Provide SME advice to Front Office on complex account structures and KYC/AML cases the business is confronted with
- Act as sparring partner for Front Office in all AML/ SOW/ KYC related topics
- Support and advice Front Office in completing the KYC/ SOW information in line with Bank standards
- To enhance Client risk assessments and various MIS reports for management reporting to facilitate review in managing risk and strengthening the control procedures and processes
- To understand the Bank Global KYC/ AML Standards, Account Documentation procedures, Local Laws and Regulations and implement related control processes
- Escalation of operational, regulatory and other risks to line manager and functional leads as appropriate; contributes to the development and implementation of mitigation or control solutions
- Involved in design and implementation of strategies to ensure continuous process with the WM COO and Change functions to scope and define change projects to deliver process and performance improvement
- Assist the Head of NCA to review controls to minimize operational risk
- Maintain KOPs to ensure latest processes and requirements are reflected and adhered to
- Lead and/ or represent WM Ops in ad-hoc projects in relation to NCA/ KYC/ SOW/ Regulatory Changes
- Day to day admin function like doing checks, activating accounts, sending letter, filing, scanning and etc.
Requirements
- 3 to 5 years private banking experience doing documentation.
