Account Opening & Periodic Review, Private Banking

Location: Hong Kong
Job Type: Permanent
Reference: 17369 (9_241018)
Sector: Finance & Accounting

A global private bank is looking for multiple headcounts to be based in Hong Kong to support Account Opening & Periodic Review team under the COO function.

Responsibilities:

  • Accountable for the review of Private Bank account opening documents, including individual account, corporate account & trust account for onshore and offshore clients
  • Ensure account opening documents are adhered to the Group Client Due Diligence Policy, U.S. tax requirements and regulators guidelines 
  • Check on the quality of the Source of Wealth and assist the Relationship Managers in corroborating SOW to required standards
  • Review/ conduct due diligence requirements such as adverse media findings, sanctions link, red flags and escalate as appropriate

Requirements:

  • Minimum 5+ years relevant experience in AML/KYC and/or client on-boarding from private banking 
  • Sound knowledge in Source of Wealth (SOW) review and SOW plausibility check
  • Solid knowledge and understanding of regulatory requirements relating to CDD/AML and internal procedures
  • Excellent verbal, presentation and written communication skills 
  • Excellent command of English and Chinese