Wealth Management KYC Associate

In the Wholesale KYC Operations (WKO) team plays a critical role in ensuring that as an organization we are compliant with multiple regulations in order to protect the banks reputation and financial assets.

As a Wealth Management KYC Associate within the Wholesale KYC Operations (WKO) team you will be responsible for managing the entire KYC process ensuring that all client profiles are completed accuratelyand promptly. You will collaborate with client-facing teams to guarantee all client records adhere to Anti-Money Laundering (AML) and Know Your Client (KYC) regulatory standards. Your role will involve close cooperation with Bankers/Banking Team Line of Business (LOB) Operations and Compliance managing the relationship to facilitate timely client response and feedback. You will also be expected to stay updated with all regulatory changes and requirements related to client KYC Suitability and Documentation.

Job Responsibilities

• Exhibit the highest standards of customer service with clear transparent communication to the banker articulating requirements and time commitments
• Act as the single point of contact handling the KYC and also facilitate queries including issues around PEP screening regulatory compliance legal operational risk
• Analyze AML risks associated with the client identify and escalate potential risks and issues as appropriate
• Comprehend the KYC risk factors and to summarize the overall risk of the client
• Conduct in-depth reviews of a client profile to identify and succinctly articulate gaps requiring Banker/Client resolution.
• Document and update the client KYC record with high quality meeting timelines in advance of due date
• Build strong relationships as the primary interface with Compliance Quality Control Banker/Banking Team and LOB Operations to clearly communicate challenges risks client asks and eliminate roadblocks to meet timelines
• Act as a role model to drive high quality output.
• Provide guidance/training to team members to foster an environment of continuous improvement and high performance
• Keep informed of any changes to processes procedures and regulatory change.
• Make decisions that are effective and well-grounded based on guidelines policies and insights

Required qualifications capabilities and skills

• Bachelors Degree in Finance Economics or other related disciplines
• At least 3 years of KYC or related experience with strong understanding of KYC AML and regulatory requirements (i.e. HKMA and MAS)
• Must be able to work independently and as a team to contribute effectively under fast-paced environment with strong sense of ownership and responsibility
• Excellent verbal and written communication skills plus strong negotiating abilities
• Outstanding client management partnership building leadership and direct experience of dealing with multiple stakeholders
• Strong research analytical and comprehension skills with ability to critically analyze client risk / controls
• Ability to quickly grasp/learn concepts procedures and use it to identify & drive improvements in process/systems
• Self-starter and is able to operate with minimal oversight

Preferred qualifications capabilities and skills

• KYC experience within the Wealth Management / Private Banking sector

• Knowledge of project management

• Business fluency in written/spoken Mandarin to support Chinese speaking clients in China