Job description
- Leading Regional Private Bank
- Great Working Culture & Exposire
- Great Remuneration Package
This leading regional Private Bank is looking for Client On-Boarding/ KYC talent with China market exposure in AVP level in Private Banking sector due to great success in their business last year. You will be joining a team of 4 with great exposure and great remuneration package provided.
job scope.
As the AVP, Client On-Boarding/ KYC in a Leading Chinese Private Bank, your key responsibility will be to:
- Provide quality review for onboarding and periodic ongoing reviews in accordance to established policies and procedures
- Complete assigned onboarding and periodic ongoing reviews within established timelines
- Liaise with and advise Front Office to complete the required client profiling i.e., SOW corroboration with the supporting evidence, plausibility of the wealth accumulation journey, source of funds (SOF) etc.
- Perform independent assessment of onboarding and periodic ongoing reviews previously closed with conditions and decide whether to conclude with unwinding of conditions or to escalate with a well thought through action plan / closure strategy, including KYC/AML/Tax risk identification, plausibility checks as well as corroboration of clients Source of Wealth and Source of Funds.
- Update and implement periodic review processes
- Provide prompt, concise guidance to stakeholders and handle escalations expeditiously
- Proactively identify areas of improvement and suggest viable solutions
- Participate in AML related projects as a content provider or a stakeholder
- Provide training to team members as well as colleagues from front office on matters pertaining to KYC AML
- To participate in any ad-hoc tasks as assigned
requirements.
- Degree holder or above in Finance, Accounting, Business, Risk Management or related discipline
- Minimum 7 years of experience in AML/KYC under a risk and control function in a private banking environment.
- Client onboarding approval experience in HK and / or SG in PB industry (SoW/SoF, client risk assessment, purpose of accounts).
- Understanding nuances of the China market and proficiency in Chinese language are desirable
- Knowledgeable and sensitive to the risks (PEP, Sanctions, reputational risks) and suspicious activities typical of private banking clients.
- Strong understanding of AML/CFT framework and the regulatory environment and its applicability to Private 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.
If you believe you meet the above requirements and have the passion and drive to excel in this role, we invite you to submit your application. We apologies that only shortlisted candidates will be contacted. Please click the 'Apply' button below or send through your most updated CV to cchen@captarpartners.com
Still considering? Contact Cathleen Chen on +852 3653 5247 for confidential discussion about it, we are always happy to help.
