Main Duties & Responsibilities
Conducting / reviewing name screening for client onboarding and periodic review;
Interacting with CRO / CSO to identify KYC issues and verifying accuracy in conducting new account opening and periodic review.
The person should help PBS to (i) ensure that the CDD information (covering documents, account structure, PEP status, adverse news, system data, tax related papers, etc) obtained during the CDD process remains up-to-date and relevant, and (ii) review transaction activities of the clients which are consistent with the Bank’s knowledge of the nature of the client’s business, the client’s risk profile and source of funds.
Resolving any identified issues during review stage.
Conducting any follow ups with CRO / CSO to request for supplementary documentation when needed;
Ensuring timely completion of new account opening and periodic review cases
In addition to providing support to PBS under (1) to (5), the person acts as a PR coordinator to manage periodic reviews / trigger event periodic reviews.
He / she will be the main point of contact on the management of periodic reviews.
Ensuring that clients due for PRs in the respective months are tracked centrally at PBS and reason of PR not completed on due date is properly documented.
Avoiding a significant number of PRs falling due at the same time.
Tracking, monitoring, and reporting overdue PRs to senior management on a bi-weekly basis at the respective steering committee meeting.
Ensuring account blocks are in place to manage overdue PRs / trigger event PRs
Providing CDD training to uplift the standards.
Bachelor degree or above in Business Administration, Finance, Economics, or related field
Sound knowledge in AML / KYC risks with 7-10 years’ experience in a relevant capacity
Familiar with the HKMA requirements on AML and financial crime
Demonstrated ability to work with minimal supervision, adapt and adjust to changing work priorities and to multitask
Detail-oriented and meticulous in reviewing of KYC profiles
Communicates with clarity and purpose both in written and verbal formats; able to distill complex and varied information into useful, insightful and concise recommendations
Exceptional soft skills with the ability to challenge the controls while also getting stakeholder buy-in.
Capable of managing multiple tasks and deadlines with timely responses and resolutions
Proficiency with computer skills as well as pertinent mainframe systems and software packages
Team player with excellent interpersonal skills and multicultural awareness and sensitivity