About the role
AI summarisedThis is a Senior Associate role in the Front Office Onboarding team for Private Banking at a major bank. The role involves managing the end-to-end onboarding process for high-net-worth clients, ensuring compliance with KYC and AML regulations, and coordinating with various internal stakeholders.
BusinessFull-timeGeneral
Key Responsibilities
- Manage the end-to-end client onboarding process for private banking clients, ensuring all documentation and due diligence requirements are met.
- Conduct KYC and AML checks in accordance with regulatory and bank policies.
- Liaise with relationship managers, compliance, and other internal teams to facilitate smooth onboarding.
- Review and verify client documentation for accuracy and completeness.
- Identify and escalate any issues or discrepancies in the onboarding process.
- Maintain up-to-date knowledge of regulatory requirements and industry best practices.
- Assist in the development and improvement of onboarding procedures and controls.
- Provide training and guidance to junior team members.
Requirements
- Bachelor's degree in Business, Finance, Accounting, or related field.
- Minimum 5-8 years of experience in client onboarding, KYC, or compliance within private banking or wealth management.
- Strong understanding of KYC and AML regulations and guidelines.
- Excellent attention to detail and ability to review complex documentation.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Proficiency in Microsoft Office applications.
- Experience with onboarding systems and tools is preferred.
- Ability to manage multiple priorities and meet tight deadlines.
- Problem-solving skills and ability to handle confidential information.