Front KYC Senior Specialist

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

YOUR CHALLENGE

Responsibilities

As Front KYC Specialist:

• Perform reviews of KYC profiles and customer due diligence checks during client onboarding, periodic reviews and other trigger reviews.  Ensure compliance with all relevant KYC / AML / CFT requirements, from the perspectives of regulatory expectations, the Bank’s policies and internal requirements.

• Check the risk assessments as performed by Relationship Managers (RM).

• Review source of wealth documentation and alignment with corroborating evidence and supporting benchmark / market insights.

• Identify and assess the risk of opaque legal structures.

• Check name screening and adverse media screening results.  Ensure true matches are identified / addressed or escalate risk factors and adverse news to Front Management / Compliance as appropriate.

• Review client’s transactional activities for the period under review and ensure alignment with client’s risk profile.  Flag out any suspicious transactions / unusual transaction pattern.

• Maintain clear and comprehensive documentation of checks and review rationale / decisions.

• Ensure timely and quality completion of assigned cases in line with defined timeline.

• Support periodic / management reporting and status updates for internal governance.

• Ensure that quality service is provided to internal clients and assist in meeting client’s needs where relevant.

• Support KYC training to the Front Office.

• Handle ad hoc tasks as assigned by Head Business Risk Management.

In leading the Front KYC Specialist Team (the Team):

• Coach the Team on client onboarding / account opening / periodic review matters, strengthen AML / CFT knowledge of the Team.

• Ensure the Team’s deliverables are accurate, complete, timely and meeting the regulatory expectations and internal requirements.

• Provide second-level review support to the Team, as required

• Manage and allocate resources of the Team and prioritize tasks accordingly.

• Be proactive in identifying risks, AML / CFT red flags and escalate in a timely manner.

• Engage the Team on work-related discussions.  Initiate / implement improvement measures to achieve operational efficiency and control effectiveness.

• Seek advice, guidance and support from Head BRM as and when required.

Client Management (internal)

• Provide strong support to Front Management (GHs), Front Office (RMs / Assistant RMs) and other Business Support Functions (Business Managers (BM), Business Risk Managers).

• Build strong relationships with other stakeholders / SMEs, including Client Documentation Services (CDS), Compliance, etc.

• Work closely with stakeholders from Second and Third Lines of Defense to address requests and queries with regards to quality assurance review, internal / external audits.

YOUR PROFILE

Personal and Social

• Meticulous, reliable, responsible and with positive working attitude

• Self-motivated in assumption of duties

• Able to work under pressure and consistently within tight timelines

• Multi-tasking and with ability to complete tasks independently

• Strong communication skills (verbal and written), negotiation and interpersonal skills

Professional and Technical

• Degree holder with at least 7 years working experience in AML / CFT Compliance functions in Private Banking environment

• Good knowledge in client documentation requirements and well versed with Hong Kong Monetary Authority AML / CFT regulatory requirements  

• Knowledge of Monetary Authority of Singapore regulatory requirements is a definite advantage

• Excellent time management skills

• Supervisory experience is preferred

• Strong analytical and logical skill in problem solving Good MSOffice software knowledge

• Proactive in proposing streamlining ideas on workflow and processes, and ability to provide pragmatic solutions

Rank Applicable to the Role

• Director

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