Responsibilities:
- Ensure thorough, timely, and quality review of new client onboarding requests, including account approval.
- Advise front office and other colleagues on client onboarding matters, including addressing deficiencies in KYC information and documentation.
- Perform independent and comprehensive reviews, including KYC/AML/Tax risk identification, plausibility checks, and verification of clients’ Source of Wealth (SoW) and Source of Funds (SoF).
- Review and approve new business relationships with Independent Asset Managers, Referral Intermediaries, and counterparties.
- Collaborate with key stakeholders, including Relationship Managers, Team Heads, Market Heads, Compliance, and other teams to ensure seamless onboarding.
- Train team members and front office colleagues on KYC and AML matters.
- Assist the team lead or functional head in client onboarding tasks and post-onboarding processes, and act as a deputy when delegated.
- Respond to queries and clarifications from internal, external, statutory, or regulatory audits.
- Identify gaps and implement onboarding controls, including system and process enhancements to meet evolving regulatory requirements and AML landscape changes, in line with industry best practices.
Requirements:
- 3-5 years of experience in AML/KYC within a client review function in a private banking environment, including at least 2 years in an account approval role.
- Strong knowledge of risks such as PEP, sanctions, and reputational risks, as well as suspicious activities typical of private banking clients.
- Knowledge of regulations from MAS, HKMA, and intergovernmental/non-governmental organizations such as FATF/Wolfsberg.
- Experience in client onboarding approval for private banking in Hong Kong or Singapore, including SoW/SoF verification and client risk assessment.
- Strong understanding of the AML/CFT framework and its application to Private Banking clients for onboarding, ongoing client reviews, and transaction monitoring.
- Proficiency in MS Excel, MS Word, MS PowerPoint, and other office automation tools.
To apply, simply click the "Apply" button or send your updated profile to [email protected]
EA Licence No.:18S9405 / EA Reg. No.:R1330864
Percept Solutions is expanding and actively seeking talented individuals. We encourage applicants to follow Percept Solutions on LinkedIn at https://www.linkedin.com/company/percept-solutions/to stay informed about new opportunities and events.
