Assist Head of PB in providing general client servicing support to front office including new account opening/ account review, transactions documentation checking/filling, sales order checking, etc.
Develop AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return.
Implement operational management and internal control in business unit.
Support management to formulate business plans and develop sales management reports and MIS to drive business growth.
Provide backup support to other team members.
Job Responsibilities
Implement AML Policy and the relevant procedures and guideline.
Perform client due diligence on-boarding checks and review as defined by prevailing policies and guidelines which may also be regulatory, and liaise with Frontline, Compliance for smooth and timely account opening and review.
To clear system generated name screening alerts or perform manual screening.
Collaborate with front office and other stakeholders to supplement and improve relevant operating procedures to ensure full compliance with policies and regulatory.
Implement risk management control policies and procedures in related to AML/FT risk, compliance risk, operational risk and credit risk, on day-to-day business activities.
To perform management reporting and data analysis on key operational risk items.
Ensure adequate training is provided to the related staff within Private Banking Department so that they could perform their functions at a professional level, in term of practices, compliance and operational standard.
Ensure full compliance of operation manual, investment & insurance sales workflow, sales guideline to PB frontline.
Support the front office on general banking transactions / sales order, ensure client due diligence & client suitability checks are in order, and to ensure accuracy of capture to avoid incidents and dealing errors.
Provide regular quality checking and phone call monitoring.
Processing/fulfillment and follow up with back office to ensure timely and accurate order processing.
Conduct day-to-day monitoring on client's credit position and guide RMs to take appropriate action in case of any excess or warning signals.
To support other teams where necessary on various activities e.g. such as signature verification, information retrieval, etc.
To collaborate with Hong Kong and/or Singapore RMs and Assistants and other stake holders to deliver consistent best experience to our clients.
To proactively identify areas of improvement and suggest viable solutions.
To participate in compliance/operation related projects as a content provider or a stakeholder.
To ensure no repeat review findings by Compliance, Group Compliance, Internal or External Auditors.
Assist and participate in projects liaise with different departments to ensure projects are completed on a timely manner.
Carry out administrative tasks and assist in other ad-hoc work.
Comply with anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and CNCBI policies.
Job Requirements
Bachelor's degree in any Finance & Banking or equivalent fields.
Minimum 5 years of relevant experience in banking in compliance, risk and operation management.
At least 3 years of hands-on experience in the AML field (client onboarding review [including documentation], ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards.
In depth understanding of risk management for private banking products, investment products and credit products & delivery channel.
Familiar with relevant regulatory and statutory requirements.
