Our client, a well- established private bank with a presence in Europe and APAC is looking to expand their business within the Asia Pacific region. The company is looking for a VP – Client Onboarding specialist to join them in Singapore.
Please contact Sophia Lin via email your cv directly in word format with job reference no. Jo0000014674 to sophia@theedgepartnership.com
Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days we regret to inform you that your application for this position was unsuccessful.
EA Licence: 16S8131
Recruiter Licence: R22104669
sophia@theedgepartnership.com
Key responsibilities
Duties & Responsibilities:
- Reviews new client account submission, including documents, due diligence / KYC information, AML risk profile, call report, in line with the Bank’s KYC/AML policy and Service Levels (SLA)
- Performs due diligence checks (including tax due diligence) against SmartKYC and public searches for account opening to independently corroborate Source of Wealth (SOW) with corroborative evidence.
- Ensures the CDD team consistently delivers against the Bank’s vision and drive to improve the account opening processes and systems.
- Build and foster a close and collaborative working relationship with Asia Front Office colleagues with regards to CDD matters
- Continuously drive CDD process efficiencies
- Where required, to support and / or perform the following CDD related activities (non-exhaustive):-
- Perform blocking and unblocking of accounts
- Handling of ongoing screening alerts and escalation if required
- Perform testing (AML/CFT systems such as Avaloq, Nepal, CPM)
- Provide periodic status updates to management, manage prioritization, deliverables and pipeline to ensure SLAs are met
Key Performance indicators:
- Ability to identify KYC issues and ensure client meets regulatory and internal requirements before account opening
- Ability to perform KYC reviews and name hits review promptly
Assessment of risk and daily BAU KYC related matters (i.e. unblocking of transactions)
Role requirements
- Degree or recognized professional qualifications, ideally in business, accounting or law.
Tertiary qualifications, ideally in business, accounting or law.
- Minimum 7 -10 years relevant experience in a financial institution or securities firm, covering private banking or AML/KYC is preferred.
- Good communication and writing skills in English, Chinese.
- Team player, strong analytical and evaluative skills, attention to details is key.
- Strong and effective communication skills with stakeholders is a must.