MidFull TimeENAsia/Pacific
Client Onboarding
Provide pre-onboarding advisory; act as the Subject Matter Expert (SME) to provide advice to Front Office relating to account opening requirements including KYC due diligence data collection requirements, helping Front achieve enhanced client experience by getting it right the first time round
Assess and ensure the relevance and completeness of KYC information supplied by Front and to perform appropriate due diligence checks and searches in various public sources according to the bank’s standard of client onboarding
Perform KYC assessment on prospective bank clients, which includes but not limited to Source of Wealth corroboration, names screening, AML risk assessment etc, to ensure adherence to regulatory requirements and bank policies/directives
Escalation to Compliance / Front Management on matters or issues pertaining to potential material adversity or ML/CFT concerns identified during the KYC review
Ensure screening assessments on potential hits are adequately and properly documented for regulatory and audit purpose
Route Client Onboarding submissions to subsequent handoffs in the account opening process per Bank’s process/directives
Provide training/guidance to more junior team members on day-to-day issues
Participate in change-the-bank activities and projects in view of the bank’s strategic objectives and vision
Drive and deliver continuous process improvements, in view of the changing operating and regulatory environment
Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support
Provide any other additional ad-hoc support to the KYC Team as and when is required by the Team Lead and/or Head of KYC
Client File Review
Review KYC information & documents of clients in accordance to the Bank’s AML/KYC standards
Review source of wealth (“SOW”) background of clients, corroborate the declared net worth independently and assess corroboration evidence on file to be in line with regulatory requirement/expectations.
Performs plausibility assessment of clients’ SOW whenever there is a trigger review or change in circumstances (“CIC”) and work with Front Office to ensure independent corroboration.
Conduct incremental delta screenings against Sanction list, PEP list and adverse news etc and perform first level screening assessment via SmartKYC on account related parties and SOW companies.
Ensure screening assessments on potential hits are adequately and properly documented for regulatory and audit purpose
Coordinate and liaise across businesses and Compliance for timely completion of Client File Reviews
Track due reviews and product management reports as necessary
Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support
Provide any other additional ad-hoc support to the KYC Team as and when is required by the Team Lead and/or Head of KYC.
Minimum bachelor’s degree holder of business or finance discipline
At least 5 years of relevant experience in Private Banking/Wealth Management industry and good understanding of KYC/AML/Compliance/Risk requirements
Knowledge on Avaloq/SmartKYC system is a plus
Team player, understands the importance of collaboration and is committed to service delivery excellence
Excellent communication skills, confident corresponding with Front Office and internal stakeholders
Excellent attention to details
Ability to work under pressure, cope with change and yet execute in a precise and timely fashion
Competent in MS office suite, particularly MS Excel
We are looking forward to receiving your online application.
For any further information please do not hesitate to contact us!
LGT Bank (Singapore) Ltd.Human Resources
En Hui Teo
