Associate, Client Approval and Review

Standard Chartered Bank; Hong Kong; On-site; HKD 700,000 - 1,000,000; Full time

Job summary

Standard Chartered Bank in Hong Kong is seeking an experienced AML/KYC onboarding professional to join the Client Onboarding team. You will assess client profiles, perform risk assessments, and ensure adherence to CDD and AML policies while meeting onboarding SLAs.

You will collaborate with frontline and second-line teams, produce weekly trackers and dashboards, and support audits and regulatory change initiatives. Fluent in English and Chinese, with 5+ years of relevant experience.

Qualifications

• Solid knowledge of regulatory requirements relating to CDD/AML and internal procedures.
• Minimum 5+ years relevant experience in AML/KYC and/or client onboarding in banking/financial services with private banking/corporate focus.
• ACAMS Certification or equivalent preferred.
• Excellent verbal, presentation and written communication skills.
• Degree in business, finance or related disciplines; multilingual abilities advantageous.

Responsibilities

• Open new accounts in line with PVB Policies and Procedures with frontline teams.
• Perform comprehensive risk assessments based on client profile to identify risks upfront.
• Meet onboarding SLA with no dilution in risk assessments.
• Ensure client files are properly risk assessed and compliant with CDD requirements.
• Flag non-compliant clients and raise SARs when required.
• Maintain weekly trackers to monitor case progress.
• Provide feedback on group policy changes and support regulatory/regulatory audits and second line reviews.
• Maintain monthly dashboards to ensure KPIs are met within thresholds.
• Support key projects related to client onboarding, periodic reviews and CDD matters.

Skills

AML/KYC knowledge

Regulatory compliance

Communication skills

Education

Bachelor's degree in business/finance

ACAMS Certification

HKIB CAMLP/CAMS

Job description

Key Responsibilities

• Work collaboratively with frontline teams and second line partners to open new accounts in line with PVB Policies and Procedures
• Understand the client profile and perform comprehensive risk assessments to ensure relevant risks are identified upfront
• Meet SLA from an onboarding TAT perspective with no dilution in risk assessments
• Ensure quality of client file is appropriately risk assessed and does not pose CDD concerns
• Clients that do not meet the PVB risk appetite are rejected and Suspicious activity reports (SARs) are raised where required
• Timely updates of weekly trackers to track case progress
• Provide feedback on Group and country policy change initiatives
• Responsible for any country MI collation for regulators and provide support during audits and second line reviews
• Maintain monthly Dashboards to ensure KPIs are adhered to within thresholds
• Support key projects related to client on-boarding, periodic review and CDD matters.

Business:

• Private Banking, (HK)

Processes

• Relationship Opening & CDD.

Risk Management

• Execution responsibility for identifying, assessing, monitoring, controlling and mitigating financial crime risk, sanctions risk and reputational risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Client Onboarding Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalation, mitigate, and resolve risk, conduct and compliance matters.

Key Stakeholders

• PvB Market and Business Heads
• PvB Relationship Managers, Team Leaders and Client Services Managers
• PvB Heads of CFCR and CFCR teams
• Financial Crime Compliance network
• Group Client Onboarding team
• Other Client Onboarding teams

Skills and Experience

• Anti-money Laundering Policies and Procedures

Qualifications

• Solid knowledge and understanding of regulatory requirements relating to CDD/AML and internal procedures
• Minimum 5+ years relevant experience in AML/KYC and/or client onboarding, from banking and/or financial services sector with a focus on private banking clients, including corporate
• Compliance knowledge applicable to the Financial Services industry, including relevant professional certification on AML/CFT, e.g., ACAMS Certificate
• Excellent verbal, presentation and written communication skills
• Ability to think globally / see the overall picture and multi-task
• Experience in a process management / quality assurance / risk management / would be desirable.
• Degree holder in business, finance or other related disciplines
• Holders of below qualifications are advantageous
• AAMLP, HKIB / CAMLP, HKIB or CAMS
• Proficient in written and spoken English and Chinese.

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More Job Information

Job Function

• 銀行 · 金融服務 - 一般 · 其他

Location

• 中環

Employment Term

• 全職

Education

• 學士