Associate, Onboarding (Account Opening)

Responsibilities:

• Review account opening for both individual and entity.
• Conduct periodic Customer Due Diligence (CDD) reviews of existing clients, perform Enhanced Customer Due Diligence (ECDD) and ensure overall compliance with procedural standards.
• Perform screenings, including Sanctions, Politically Exposed Person (PEP) and adverse media/ negative news screening.
• Perform background screening of counterparties and employees.
• Advise and coordinate with front office on the CDD requirements by identifying gaps in the CDD documentation.
• Assist in maintenance of database for annual Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) reporting.
• Perform continuous review and improvement of the onboarding workflow and process, as well as update the Policy & Procedure Manuals (PPM) accordingly.
• Responsible for Operations Account Management systems’ projects, enhancement and automation.
• Assist in retrieval of signature via shared drive and provide support to other teams regarding updates.
• Submit invoices.
• Prepare Letter of Offer and Closure letter.
• Perform static data maintenance, inclusive of:

1. Product static data, FX rate and NAV maintenance

2. Mutual fund order coordination

3. Daily/ monthly statements process

• Any other ad-hoc duties assigned, including monthly/ quarterly reporting.

Requirements:

• Bachelor’s degree in Banking/ Finance/ Business Management as well as certification in ACAMS or ICA.
• Preferably 2 years of working experience in Securities/ Private Banking firms.
• Minimally 2 years of experience in Corporate CDD/AML, preferably with relevant experience in reviewing complex trust structure and complex fund investment.
• Able to work independently in a fast-paced and challenging environment, determine priorities and meet deadlines.
• Able to work under pressure.
• A detail-oriented person with the ability to multi-task.
• Strong communication, interpersonal and problem-solving skills.
• Strong willingness to learn, collaborate and contribute to team efforts.
• Proficiency in MS excel, including vlookup.
• Preferably proficient in Chinese language to liaise with Chinese-speaking clients.