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
