Contract Officer, KYC/ CDD, Anti-Financial Crime Ops (1-year contract)

United Overseas Bank Limited; Hong Kong; On-site; HKD 300,000 - 420,000; Full time

Benefits offered by this job

Job summary

United Overseas Bank Limited seeks a Contract Officer in KYC/CDD within Anti-Financial Crime Ops for a 1-year assignment in Hong Kong. You will support CRS/FATCA remediation, review tax information, self-certifications, tax residency and entity classification.

Responsibilities include data completeness checks, reviewing KYC/CDD records, supporting remediation, acting as a liaison with Relationship Managers, Compliance and business units, ensuring approvals per AML/CFT policies, and maintaining

Qualifications

• Strong written and verbal communication in English and Chinese.
• Minimum 1–2 years of relevant experience in CDD/KYC, AML/CFT or related financial crime operations.
• Knowledge of KYC/CDD requirements and FATCA/CRS is preferred.
• Holder of AML related qualification (such as AAMLP / CAMPL / CAMS) will be an advantage.

Responsibilities

• Support CRS/FATCA remediation activities and review tax information, self-certifications, tax residency, entity classification and Controlling Person information.
• Perform CRS/FATCA data completeness and reasonableness assessments and identify missing or inconsistent information requiring remediation.
• Review existing KYC/CDD records to determine whether classifications are adequately supported and rectify discrepancies.
• Act as a liaison point for stakeholders including Relationship Managers, Compliance and business units to provide guidance and clarification.
• Escalate suspicious activities or key AML/CFT risks to appropriate stakeholders in a timely manner.
• Maintain proper documentation, case tracking and audit trail of remediation activities and governance reporting.

Skills

English proficiency

Chinese proficiency

Team player

Communication skills

Customer service mindset

Education

Degree in Business Administration, Finance or related banking discipline

Job description

Contract Officer, KYC/ CDD, Anti-Financial Crime Ops (1-year contract)

· Support CRS/FATCA remediation activities, including review of customer tax information, self-certifications, tax residency, entity classification and Controlling Person information.

· Perform CRS/FATCA data completeness and reasonableness assessments and identify missing, incomplete or inconsistent information requiring remediation.

· Review available KYC/CDD records and supporting documentation to determine whether existing CRS/FATCA classifications are adequately supported.

· Review CRS/FATCA documentation received from customers and support appropriate remediation and record rectification for identified discrepancies.

· Act as a key liaison point for stakeholders, including Relationship Managers, Compliance, Business Units and client, to provide guidance & clarification

· Ensure all required approvals are ontained in accordance with the AML/CFT policies and procedures.

· Rectify deficiencies or gaps identified through internal reviews, self-assessments, Compliance testing, Risk reviews, Internal / External audits or Regulatory examinations.

· Escalate suspicious activities or other key AML/CFT risks to the appropriate stakeholders in a timely manner.

· Collaborate with Compliance, Operations and other internal stakeholders to review and update procedure manual as needed.

· Maintain proper documentation, case tracking and audit trail of remediation activities and support management/governance reporting where required.

Job Requirements

· Degree in Business Administration, Finance or related banking discipline

· Minimum 1-2 years of relevant experience in CDD/KYC, AML/CFT or related financial crime operations, preferably covering wholesale banking clients.

· Strong knowledge of KYC/CDD requirements

· A strong team player who is self-motivated, disciplined and open-minded; engaging and with eagerness to drive new initiatives and defend what is believed to be right

· Excellent written and verbal communications in English and Chinese

· Strong customer and service-oriented mindset, with commitment on high-quality of service

· Knowledge or practical experience in FATCA/CRS, tax residency, entity classification and/or customer tax documentation would be an advantage.

· Holder of AML related qualification (such as AAMLP / CAMPL / CAMS) will be an advantage

UOB is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets.

At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in.