Assess each client On-boarding scenario and apply the appropriate level of Customer Due Diligence to ensure complete documentation and ensure company meets its 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 of 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 approve changes to Client Data Maintenance, and update data into Client On- boarding systems, update systems and other workflow tools as necessary.
Provide day-to-day 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 On-boarding process, workflow 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 On-boarding process.
Maintain procedures, system controls and identify key process improvements related to the KYC/AML processes for all business products.
Assist to prepare, draft, distribute, and diligently administer the brokerage agreements for all the company’s APAC clients, including drafting amendments and/or rates schedules as required as part of the Client On-boarding process.
Attend to brokerage agreement related queries from both internal and external stakeholders on timely manner.
Liaise closely with respective brokers and backoffice to provide accurate rates and product list for all the brokerage agreements.
Resolve any brokerage rate differences.
Maintain procedures, system controls and identify key process improvements related to the brokerage agreements.
Perform any ad hoc duties as required.
Requirements for the role:
At least 2-3 years relevant working experiences in similar industry.
Understanding of AML/KYC documentation requirements and structure of trading counterparts.
Good understanding of Financial Regulations affecting AML/KYC client On-boarding process e.g. FACTA, SEF.
Experience with client screening tools, e.g. Complinet.
Ability to demonstrate good judgement and decision making in escalating potential risk to the Firm.
Strong personal interpersonal and organisational skills.
Detailed and meticulous in performing checks against company policies.
Tenacity coupled with a positive attitude when dealing with complex situations.
Team oriented, both locally and globally.
Good information gathering skills and an ability to work on own initiative.
Ability to deliver while working under pressure and tight deadlines.
Ability to adapt to new changes and new challenges.