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Job Description
Job duties:
Client Due Diligence (KYC/AML)
- Assess each Client Onboarding scenario and apply the appropriate level of Customer Due Diligence to ensure complete documentation and ensure we meet our obligations under relevant AML regulations and guidance
- Ensure compliance - approve cases within own delegated authority or for cases that exceed delegated authority submit for further approval
- Research and analyze background on new and existing clients. Communicate and explain any reasons for rejection to brokers or requestors in course of research
- Perform regular periodic reviews of client accounts based on set review dates
- Review and update changes into Client Onboarding systems and other workflow tools as necessary
- Provide AML/KYC advice and guidance to the brokers
- Identify and escalate to the Legal, Compliance or MLRO (Advisory), based on escalation matrix, any issues, risks or control weaknesses in Onboarding process, work/low systems and controls and suggest possible solutions
- Keep abreast of regulatory and legal initiatives, highlighting significant AML/KYC/sanctions compliance issues and advising on implications of changes in regulation to the Onboarding process
- Build and maintain good working relationship with both internal and external stakeholders
- Provide training and guidance to the team
- Updating procedures, system controls and identify key process improvements related to the KYC/AML processes
- Undertake projects and ad-hoc duties as required
Knowledge
- Experience in performing due diligence on FIs, Non-FIs, and Corporates
- Good understanding of Financial Regulations in relation to AML/KYC Client Onboarding process
Experience
- At least 3 years relevant working experiences in similar industry
- Skilled with Team management will be a plus
- Experience with name screening tool, preferably Worldcheck