Contract Associate

Sumitomo Mitsui Banking Corp; Hong Kong; On-site; HKD 420,000 - 660,000; Part time

Job summary

Sumitomo Mitsui Banking Corporation invites applications for a Contract Associate in Hong Kong within the Japanese Corporate Group. The incumbent will conduct KYC/AML due diligence on corporate clients, review documentation, and assess risk profiles to ensure regulatory compliance.

The role requires 3+ years in KYC/AML, strong analytical and communication skills, and proficiency in English and Chinese; Japanese is a plus.

Qualifications

• University graduate with a degree in Business Administration, Finance, or related discipline.
• Minimum 3 years in corporate banking KYC/AML or equivalent experience.
• Strong knowledge of KYC requirements and AML regulations.
• Detail-oriented, analytical with strong problem-solving skills.
• Excellent communication and interpersonal skills; a team player.

Responsibilities

• Conduct initial and ongoing KYC due diligence and enhanced due diligence on corporate clients to ensure regulatory compliance.
• Review and verify client identifications, corporate structures, ownership info, and UBOS to assess risk profiles.
• Perform risk assessments on customer information, transactions, and negative media for money laundering/terrorist financing risks.
• Collaborate with Relationship Managers, Operations, Legal, Compliance to resolve KYC/AML issues and ensure timely case closure.
• Maintain accurate KYC records and documentation to meet policies and audits.
• Stay informed of changes in regulations, industry trends, and best practices for KYC/AML.
• Support periodic KYC reviews, remediation projects, and implementation of new KYC policies.
• Perform other ad hoc duties as assigned.

Skills

KYC/AML knowledge

Analytical thinking

Communication skills

Team player

English & Chinese

Japanese advantage

Education

Bachelor's degree in Business/Finance or related field

Job description

Sumitomo Mitsui Banking Corporation (三井住友銀行) (incorporated in Japan with limited liability) is one of the major international banks and a leading arranger of specialized financial products worldwide. The Bank's Hong Kong Branch is now seeking high calibre individuals with long-term career objectives to apply for the following position:

Contract Associate -

Japanese & Korean CBD, APD (HKG) - Japanese Corporate Group 2

Job Duties & Responsibilities:

• Conduct initial and ongoing Know Your Customer (KYC) due diligence and enhanced due diligence (EDD) on new and existing corporate clients to ensure compliance with regulatory requirements.
• Review and verify client identification documents, corporate structures, ownership information, and Ultimate Beneficial Owners (UBOs) to assess client risk profiles.
• Perform risk assessments and analysis on customer information, transactions, and negative media to determine potential money laundering or terrorist financing risks.
• Collaborate closely with Relationship Managers, Operations, Legal, Compliance, and other relevant departments to resolve KYC/AML issues and ensure timely case closure.
• Maintain accurate, comprehensive, and up-to-date KYC records and documentation to meet internal policies and regulatory audit requirements.
• Stay informed of changes in regulatory requirements, industry trends, and best practices regarding KYC and AML to ensure departmental workflows remain compliant and efficient.
• Support periodic KYC reviews, remediation projects, and implementation of new KYC policies or systems within the department.
• Perform other ad hoc duties as assigned.

Requirements:

• University graduate, preferably in Business Administration, Finance, or related disciplines.
• Minimum 3 years of relevant experience, preferably in corporate banking KYC/AML.
• Strong knowledge and understanding of KYC requirements and AML regulations.
• Detail-oriented, analytical with strong problem-solving skills.
• Excellent communication and interpersonal skills; a team player.
• Proficient in English and Chinese (written and spoken).
• Proficiency in Japanese is an advantage.

SMBC is an equal opportunity employer. We are committed to fostering a diversified and inclusive workplace and removing barriers to provide equal access to employment.

Note on Mandatory Reference Check ("MRC") Scheme:

The MRC Scheme seeks to address the "rolling bad apples" phenomenon in the banking sector in Hong Kong, i.e. situations where individuals who engage in misconduct during their employment in one institution are able to obtain subsequent employment in another institution without disclosing their misconduct to the new employer. Against this background, the HKMA proposed a framework to facilitate Authorized Institutions ("AIs") to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual's previous employments can be provided to AIs to inform their employment decisions.

For in-scope positions, satisfactory completion of MRC process is pivotal for the consideration of employment decision. For details, you may visit HKMA's website and refer to the latest FAQs issued by HKAB . Further details will be shared on request if your application is being proceeded.

Application details will be used only for recruitment purposes, and will be destroyed after 1 year. Applicants not contacted after 6 weeks may consider their applications unsuccessful.

Job Function: Japanese & Korean CBD, APD (HKG) - Japanese Corpor