Client Onboarding Officer - Singapore - Julius Baer

Julius Baer

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

Description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth.

Let's shape the future of wealth management together.

The Client Onboarding Officer is part of the COO Division of Julius Baer Singapore (BJBS) in the Client Onboarding Team.

The Client Onboarding Officer is responsible for assessing AML/KYC risk for high-risk accounts for escalation to Compliance and final approval of Standard and Medium Risk client relationships booked in BJBS with available SLAs.

YOUR CHALLENGE:

Client Management (internal & external)

Build strong relationships with key stakeholders such as the BJBS Front Office, Legal, Compliance and Risk Management teams
Assess AML/KYC risk and approval for new Standard and Medium Risk client relationships booked in BJBS
Work closely with Head Office and overseas offices (particularly, Hong Kong, Dubai and Thailand) to provide input on account opening

Business Management

Review and approve the onboarding of new client relationships and accounts for Individuals, Domiciliary Companies, Legal Entities, Financial Institutions, Trusts, Fund, External Asset Managers, and ensure compliance with the Bank's policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate risks (legal, regulatory and/or reputational) for the Bank
Review and assess the adequacy of the Source of Wealth narrative and corroboration submitted by the Front for new to bank prospects and / or existing clients
Review and assess the risk of opaque legal structures
Address Sanction true matches, as well as true matches for other AML/CFT risks identified during the Bank's Name Screening processes
Provide advice to Front employees on KYC/CDD related matters
Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship
Strong commitment to quality service and a desire to drive continuous process improvement initiatives

Regulatory Responsibilities &/OR Risk Management

Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
Support the Senior Management of BJBS Branch in ensuring compliance with external and internal Regulations and thus actively manage operational, regulatory and reputational risks
Ensure that KYC/CDD issues are properly identified, assessed and documented
Ensure that where KYC/CDD measures cannot be completed, the client relationship is not established or exited, and there is timely escalation to AML Controls, where suspicious activities /conduct is also noted
Ensure timely assistance and cooperation is rendered to MAS' and law enforcements' requests for information

RANK APPLICABLE TO THE POSITION

Associate Director

YOUR PROFILE:

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

Strong Personality with good organisational skills
Excellent communication skill
Ability to effectively manage internal and external stakeholders
Setting the right priorities and ability to work on multiple assignments at the same time
A strong sense of responsibility and impeccable integrity
Strong analytical skills
Excellent command of spoken and written English, other languages are an advantage

Professional and Technical

At least 6 years' experience in either KYC On-Boarding and AML role, preferably in Private Banking
Able to assist department head in internal, external audit and quality assurance review
Able to support department head in training and guidance to the juniors
A good degree and understanding of the Private Banking and Wealth Management industry
Strong knowledge of the MAS 626 Notice & Guidelines