Job Description Morgan McKinley is working in partnership with a Global Bank who is well known for their top tier Investment Banking & Wealth Management services. They are one of the well-recognized tier one houses.
The Singapore team is looking for a VP to join their KYC Operations department. Reporting to the Head of Department, this is a leadership role and you will be expected to lead members across Hong Kong and Singapore office focusing in KYC/CDD which covers client on-boarding, rolling reviews and static data maintenance.
Role and responsibilities
Understanding of overall and specific risks within the process, controls available to mitigate such risks and open risks, in supporting the business.
Document the open risks, assess magnitude and formulate actions.
Ensure risks, controls, procedures and enhancements are documented / updated appropriately and sit within the remit of applicable policies.
Able to provide the leadership to the team for running the on-boarding or rolling review process on a timely manner or ahead of schedule.
Able to provide proper guidance to the team on required standard and ensure delivery of quality review without major defects.
Ability to perform hands on task related to KYC and documents, update system with relevant details, perform checks, validate & upload documents
Ensure client information and documents are validated & updated correctly on the systems for seamless feed to other internal systems and reporting (Internal, regulatory etc.).
To monitor and manage the new accounts in the pipeline based on priority / agreed SLA; and rolling review accounts in the pipeline without overdue.
Ensure client classification is applied in accordance with the prevailing rules and regulations in Hong Kong and Singapore.
Continuously work with FCC, Compliance, Legal, Business on completing KYC and client information updates.
Identify system / process enhancement focusing on controls and efficiency and work with different stakeholders to implement.
Face Internal & external Auditors or regulators and have good understanding of process to provide process walkthrough and samples.
Minimum 10 years of relevant experience in compliance, risk management or operations with an investment bank or Wealth Management business, with 5 years of KYC checking experience
Prior leadership experience of 3-5 years
Ability to work with minimal supervision, oversight and with cross region teams
Able to handle reasoning and justification on KYC matters to AML Compliance and Legal teams
Well versed with the KYC requirements as suggested by MAS and other major Asia regulators
Have a good understanding about the tax implication when on-boarding a new clients or perform a support of change in circumstance.
Ability to understand different risk types associated with Clients (Individuals, Private companies, corporation)
Strong skills in documenting & storing exceptions and approvals ??? Flexible and quick to adopt change in policies, systems and requirements
Has intermediate knowledge on MS Excel (Formulas, Pivot and Vlookups, etc.) and MS Power points
Knowledge and experience on Robotics (e.g. UiPath) and Data Visualization Tool (e.g. PowerBI) is a plus
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.