Responsibilities
Strategy
- The Client Onboarding reviewer works in partnership with RM to get the client file to required standards of the Advisory Centre and Booking Centre, will be responsible for assessing the risks of the client, provide assurance to the Business that the client file meets requirements and approve the file.
Business
- Private Banking, Singapore Advisory Centre
Processes
- KYC/ CDD Account Opening
- Review Private Banking client onboarding cases.
- Review New Account Opening Documentation for completeness and validity.
- Review accounts against all set internal standards for Client Due Diligence
- Check quality of the Source of Wealth if it meets set standards for On-boarding.
- Conduct name screenings, adverse media findings, Sanctions links, Tax red flags
- Ensure complete and accurate record keeping of all relevant communications.
- Ensure accuracy of data captured in PvB system.
- Advise frontline on PvB CDD policy and procedures and applicable local regulations.
- Escalate higher risk relationships and reputation risks arising from CDD to PvB Compliance
- Consult with functional experts (i.e. Legal, Compliance, Tax) as needed.
- Contribute to the implementation and controls for daily processes.
- Comply to agreed Turn Around Times for assigned activities as detailed in the Document Operating Instructions and the Service Level Agreements
- Promote the spirit of continuous improvement by flagging any procedural issues that impact
- delivery of responsibilities with suggestions improvements and work around
Risk Management
- Execution responsibility for identifying, assessing, monitoring, controlling, and mitigating financial crime risks, sanctions risks and reputational risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them.
Governance
- Group Procedures including Group CDD Standards, PvB Addendum and Country Addendum as well as guidance and department operating instructions.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
- PvB Market and Business Heads
- PvB Relationship Managers, Team Leaders and Client Services Managers
- CFCC Advisory team
Other Responsibilities
- Embed Here for good and Group's brand and values
- Perform other responsibilities assigned
Our Ideal Candidate
- 3+ years of experience in private banking sector in KYC/AML role
- Solid knowledge and understanding of regulatory requirements relating to Private Banking CDD/AML
- Proficiency in Mandarin is required to cater to clients in the North Asia market
- Excellent verbal, presentation and written communication skills
- Willing to be hands-on, team oriented and able to work under pressure.
- High level of integrity and professionalism, with High attention to detail and an analytical mindset
- ACAMS or ICA Certification would be preferred
Role Specific Technical Competencies
- Manage Conduct
- Manage Risk
- Manage Stakeholders
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together We
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What We Offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
