Responsibilities:
Compliance & Risk Management
- Ensure thorough, timely and quality review of client onboarding requests
- Partner with Relationship Managers in the KYC write-up, identify areas of clarification and ensure adequate follow-up with client and closure prior to KYC submission
- Corroborate customer's source of wealth information submitted
- Track and report on the progress and efficiency of the high risk portfolio onboarding pipeline, risk trends and recurring KYC issues, actions triggered to ensure adequate progression of the case
- Provide subject matter expertise and training to internal teams on high risk onboarding standards and regulatory changes on a periodic basis as and when required
- Ensuring adverse news screening performed is in accordance with approved procedures and industry standards
- To prepare periodic and ad hockey management/regulatory reporting on KYC
Portfolio & Performance Management
- Assist in the end-to-end client onboarding process, from prospect onboarding advisory to account opening and fraud management, facilitating compliance with the bank's requirements and timely opening of accounts
- Conduct periodic reviews and audits of account opening and onboarding documentation to ensure compliance with internal policies and regulatory standards
- Identify and remediate documentation gaps, inconsistencies, and control weaknesses
- Ensure timely escalation of documentation discrepancies and exceptions
Stakeholder Engagement
- Partner with Relationship Managers and Compliance to ensure documentation is fit-for-purpose and aligned with CDD policies and local requirements
Process Optimization
- Participate in initiatives to enhance turnaround time and efficiency, mitigating risk and contribute to the development and implementation of best-in-class CDD and onboarding practices and policies
- Participate in initiatives to digitize and automate documentation workflows, reducing manual errors and improving turnaround times
- Monitor industry trends and regulatory developments to proactively adapt and improve practices
- Ensure adherence to turn-around-time for each stage of the end-to-end process, and tracking mechanisms as required
Requirements
- Bachelor's degree in Finance, Business, Law, or related discipline
- Technical and Regulatory Knowledge relating to CDD and onboarding processing/risk
- Experience in developing and implementing end-to-end process flows, and managing High risk clients would be an advantage
- 5-7 years of experience in onboarding, compliance, or compliance assurance
- Strong understanding of KYC, CDD, onboarding processes, and regulatory requirements
- Technical understanding of CDD and onboarding end-to-end process
- Strong analytical skill and eye for detail
- Good communication and interpersonal skills
- Independent, versatile and able to perform under pressure
- Knowledge of Commercial Banking business practices, processes and procedures
- Proven track record in managing regulatory compliance and risk assurance functions
- Strong leadership, stakeholder management and communication skills
- Good communication skills, written and spoken with the ability to communicate at all levels
