Our client, an established private bank is looking for a 6 month contractual KYC Onboarding Specialist who will be responsible for ensuring that our client onboarding process is thorough, compliant, and efficient. This role involves conducting detailed KYC checks, verifying client information, and collaborating with various internal teams to ensure compliance with regulatory requirements.
Key Responsibilities:
- Conduct comprehensive KYC due diligence for new clients, ensuring adherence to regulatory standards and internal policies.
- Perform source of wealth (SOW) corroboration to assess the legitimacy and sustainability of clients’ financial resources.
- Collaborate with Relationship Managers and Compliance teams to resolve any discrepancies or issues during the onboarding process.
- Maintain up-to-date knowledge of industry regulations and best practices related to KYC and anti-money laundering (AML).
- Prepare and present onboarding reports and documentation for senior management review.
- Ensure timely completion of client onboarding tasks, meeting all deadlines and service level agreements.
- Assist in developing and implementing KYC policies and procedures to enhance operational efficiency.
Qualifications:
- Bachelor’s degree in Finance, Business Administration, or a related field.
- Minimum of 1-3 years of experience in KYC onboarding or related compliance roles within the banking or financial services industry.
- Strong understanding of KYC regulations, AML requirements, and risk assessment methodologies.
- Proven experience in source of wealth corroboration processes within a private bank setting
- Excellent analytical and problem-solving skills with keen attention to detail.
- Strong communication and interpersonal skills, with the ability to work collaboratively across teams.
- Proficient in using KYC and compliance software tools.
