KYC Specialist (1 year contract)

Our KYC (Know Your Client) Specialist will be responsible for managing the entire KYC process, ensuring that all client profiles are completed accurately and promptly. You will collaborate with client-facing teams to ensure all client records adhere to Anti-Money Laundering (AML) and KYC regulatory standards. Your role will involve close cooperation with Bankers/Banking Team, Line of Business (LOB) Operations, and Compliance, managing the relationship to facilitate timely client response and feedback. You will also be expected to stay updated with all regulatory changes and requirements related to client KYC, Suitability, and Documentation.

Job Responsibilities

• Exhibit the highest standards of customer service with clear transparent communication to the banker articulating requirements and time commitments
• Act as the single point of contact for handling KYC and facilitating queries, including issues related to Politically Exposed Persons (PEP), screening, regulatory matters, compliance, legal issues, and operational risk
• Analyze AML risks associated with the client, identify and escalate potential risks and issues as appropriate
• Comprehend the KYC risk factors and to summarize the overall risk of the client
• Conduct in-depth reviews of a client profile to identify and succinctly articulate gaps requiring Banker/Client resolution. Document and update the client KYC record with high quality, meeting timelines in advance of due date
• Build strong relationships as the primary interface with Compliance, Quality Control, Banker/Banking Team, and LOB Operations to clearly communicate challenges, risks, client asks, and eliminate roadblocks to meet timelines

Required qualifications, capabilities, and skills

• At least 1-3 year of KYC or related experience in Periodic Review/KYC/Onboarding (preferably within Private Banking) with strong understanding of KYC, AML and regulatory requirements (i.e. HKMA and MAS)
• Experience covering either Individuals, Corporate, Banks, Trusts, Funds, NBFIs, NOAHs, Regulated Pension clients
• Must be able to work independently and as a team, to contribute effectively under fast-paced environment with strong sense of ownership and responsibility
• Outstanding client management, partnership building, leadership and direct experience of dealing with multiple stakeholders, with the ability to handles escalations and drive to resolutions
• Strong research, analytical and comprehension skills, with ability to critically analyze client risk / controls.
• Ability to quickly grasp/learn concepts, procedures and use it to identify & drive improvements in process/systems
• Bachelor’s Degree
  

Preferred qualifications, capabilities, and skills

• KYC experience within the Wealth Management / Private Banking sector
• Understand the firm’s KYC requirements inclusive of Customer Identification Program (CIP), Enhanced Due Diligence (EDD), Local Due Diligence (LDD), Specialized Due Diligence (SpDD) and Product Due Diligence requirements (PDD)

EA License: 94C3609

Reg no: R1987153