Client Onboarding Officer

Job description

Tasks

• Domiciliary Companies, Legal Entities, Financial Institutions, Trusts, Funds, External Asset Managers, and ensuring compliance with the Bank's policies & procedures, MAS626 Notice and guidelines, and risk mitigation (legal, regulatory and/or reputational) for the Bank
• Review and evaluate the adequacy of the Source of Wealth narrative and confirmation provided by the front office for new bank customers and existing customers opening new accounts
• Review and assessment of the risk of opaque legal structures
• Treatment of genuine matches for sanctions and other AML/CFT risks identified during the bank's customer onboarding name screening
• Advising front-line staff on KYC/CDD-related matters
• Advising management and local risk committees on the AML/CFT risk of a client relationship

Personnel management

• Support senior management in ensuring that client relationships being engaged are compliant with regulations and internal policies and actively manage operational, regulatory and reputational risks

Customer management (internal & external)

• Build strong relationships with key stakeholders such as the BJBS front office, legal, compliance and risk management teams
• Assess AML/KYC risk and approve or reject requests to open new accounts for standard and medium-risk client relationships in accordance with internal policies and procedures; refer higher-risk client relationships to the Compliance department for review as required
• Close cooperation with the head office and foreign offices (in particular Hong Kong, Dubai and Thailand) to provide contributions for account opening

Regulatory responsibilities and/or risk management

• Demonstrate appropriate values and behaviors, including but not limited to standards of honesty and integrity, care and diligence, fair treatment (fair treatment of clients), management of conflicts of interest, competence and continuous development, appropriate risk management and compliance with applicable laws and regulations
• Ensure that KYC/CDD issues are appropriately identified, assessed and documented
• Ensure that KYC/CDD measures can be monitored and ensure that the customer relationship is not jeopardized.

Requirements

Professional and technical requirements

• At least 2 years of experience in KYC onboarding or AML, preferably in private banking
• A good understanding of the private banking and wealth management industry
• Strong knowledge of MAS626 Notice & Guidelines
• A good understanding of the private banking or trust industry
• Experience in creating reports and strong Excel skills

Personal and social requirements

• Excellent language skills in spoken and written English, other languages are an advantage

We offer

• $16,500 salary