Responsibilities:
KYC and Due Diligence
- Conduct thorough KYC due diligence on new individual and corporate clients.
- Review and validate client documents (passports, proof of address, corporate documents, trust deeds, source of wealth statements, etc.).
- Perform background screening using internal tools and third-party databases.
- Identify and escalate any potential red flags (e.g., PEPs, sanctions exposure, adverse media hits).
Client Onboarding Support
- Act as the key point of contact for Relationship Managers during the onboarding process.
- Guide front office teams on KYC requirements and ensure complete and accurate submissions.
- Ensure timely onboarding of clients while maintaining compliance with internal SLAs.
Data Entry and System Management
- Accurately input and maintain client data in internal systems (e.g., Avaloq, CRM tools).
- Update client KYC profiles and risk ratings during the onboarding process
Risk and Compliance Control
- Ensure that all onboarding activities comply with AML laws, FATCA/CRS requirements, sanctions rules, and internal policies.
- Support periodic quality assurance reviews and internal/external audits related to onboarding and KYC files.
- Maintain strong records and audit trails for all KYC and onboarding actions.
Process Improvement
- Propose improvements to the onboarding workflow to enhance efficiency and client experience.
- Participate in projects related to onboarding process upgrades or regulatory changes.
Requirement:
- Bachelor's degree in business, Finance or related field.
- 2-5 years of KYC/AML experience, preferably within private banking or wealth management.
- Experience with onboarding high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients is a plus.
- Fluent and comfortable conversing in English (Mandarin & Cantonese is a plus) to communication with external clients.
- Good stakeholder management skills.
- Strong time management, organizational, planning and follow-up skills.
- Ability to work independently and manage high volumes under tight deadlines.
- Strong interpersonal and communication skills to work with front office and compliance teams.
- Proficiency with Microsoft Office and familiarity with banking platforms and screening tools.
