Associate, Onboarding (Account Opening) - #1100958

Responsibilities:

• Review account opening for both individual and entity.

• Conduct periodic Customer Due Diligence (CDD) reviews of existing clients, perform Enhanced Customer Due Diligence (ECDD) and ensure overall compliance with procedural standards.

• Perform screenings, including Sanctions, Politically Exposed Person (PEP) and adverse media/ negative news screening.

• Perform background screening of counterparties and employees.

• Advise and coordinate with front office on the CDD requirements by identifying gaps in the CDD documentation.

• Assist in maintenance of database for annual Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) reporting.

• Perform continuous review and improvement of the onboarding workflow and process, as well as update the Policy & Procedure Manuals (PPM) accordingly.

• Responsible for Operations Account Management systems’ projects, enhancement and automation.

• Assist in retrieval of signature via shared drive and provide support to other teams regarding updates.

• Submit invoices.

• Prepare Letter of Offer and Closure letter.

• Perform static data maintenance, inclusive of:

1. Product static data, FX rate and NAV maintenance

2. Mutual fund order coordination

3. Daily/ monthly statements process

• Any other ad-hoc duties assigned, including monthly/ quarterly reporting.

Requirements:

• Bachelor’s degree in Banking/ Finance/ Business Management as well as certification in ACAMS or ICA.

• Preferably 3-5 years of working experience in Securities/ Private Banking firms.

• Minimally 3-5 years of experience in Corporate CDD/AML, preferably with relevant experience in reviewing complex trust structure and complex fund investment.

• Able to work independently in a fast-paced and challenging environment, determine priorities and meet deadlines.

• Able to work under pressure.

• A detail-oriented person with the ability to multi-task.

• Strong communication, interpersonal and problem-solving skills.

• Strong willingness to learn, collaborate and contribute to team efforts.

• Proficiency in MS excel, including vlookup.

• Preferably proficient in Chinese language to liaise with Chinese-speaking clients.