My client is currently hiring a Business Control AVP for their Private Banking Business. This is a new headcount sitting within the Private Banking team, the incumbent will be performing new account opening / account review and developing AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return.
RESPONSIBILITIES:
The incumbent will be responsible in performing client due diligence on-boarding checks and review as defined by prevailing policies and guidelines. You will also take ownership in clearing system generated name screening alerts or perform manual screening.
This role requires a close collaboration with front office and other stakeholders to supplement and improve relevant operating procedures to ensure full compliance with policies and regulatory.
Additionally, you will ensure full compliance of operation manual, investment & insurance sales workflow, sales guideline to PB frontline and ensure client due diligence & client suitability checks are in order, and to ensure accuracy of capture to avoid incidents and dealing errors.
REQUIREMENTS:
To be qualified for this position,
- Degree holder
- Minimum 5 years of relevant experience in banking in compliance, risk and operation management.
- At least 3 years of hands-on experience in the AML field (client onboarding review [including documentation], ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards.
- In depth understanding of risk management for private banking products, investment products and credit products & delivery channel.
- Familiar with relevant regulatory and statutory requirements.
Please contact Xuan Kwok at +65 6950 0354 or [email protected] for a confidential discussion.
EA License no: 16S8066 | Reg no.: R1433611
Only successful candidates will be notified.
