About this role
Responsibilities
Diligently carry out the 2LoD role in the account recertification and account opening process:
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Reviewing client profiles to ensure conformity to internal BNPP and HK/SG regulatory requirements on Anti Money Laundering /Countering Financing of Terrorism /Customer Due Diligence standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating
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Assisting with the preparation and presentation of existing client relationships to SG/HK risk committee with the objective of obtaining business & compliance management approval to start/maintain the relationship with the client
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Review client transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.
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Provide advisory support to the business with regard to resolving newly identified adverse media, link to sanction countries related issues, identifying potential Politically Exposed Persons etc
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To provide advisory to Business on KYC and Financial Security matters.
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To investigate, analyze, prepare memo, and ensure required protocol is followed through for cases with KYC/AML/FS concerns.
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Perform risk assessment and make decisions with regards to unblocking of accounts
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Conducting investigations and assist in the filing of suspicious transaction reports (STRs) as appropriate
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To assist with internal audits, regulatory inspection and investigations · Be familiar with relevant MAS and HKMA requirements.
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To proactively identify potential gaps in the current processes/policies against regulatory requirements
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To work with Onshore Compliance on derogations and other policies-related matters.
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Collaborate with the larger compliance community, e.g. APAC Financial Security AML Advisory team.
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To provide administrative support such as tracking of file status, updating of bankruptcy lists.
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Perform any ad-hoc duties assigned by supervisor, including KYC in relation to client account closure
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KYC review of bank counterparties, review of bank reference letters, review of client investment profile questionnaires
Technical & Behavioral Competencies
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A team player with good relationship management and people skills
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Able to work independently, perform under pressure with tight deadlines and multitasks.
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A good knowledge of compliance framework with strong analytical skill.
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Have strong written and communication skills.
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Strong presentation skill
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Microsoft Outlook, MS Excel, Word and PowerPoint
Specific Qualifications:
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University graduate Minimum 5 years of KYC/FS Compliance experience in Wealth Management/Private Bank with HK and SG exposure
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Organized and meticulous