Hong Kong 
Asset Management 
Contract or Temporary Our client is a leading Private Wealth Manager seeking an experienced Client Onboarding / KYC candidate to join their team for an initial 12-month contract in their Hong Kong Office.
This position lies with the Account Management Team, a team that is responsible for ensuring that Know Your Client (KYC) account opening documentation complies with the firm’s global standards and any additional local regulatory requirements.
The ideal candidate will have Private Banking & Wealth Management Onboarding understanding for UHNW / HNW and Trusts working in a Compliance /KYC/ Onboarding / AML function or has onboarding experience at another top-tier global Bank and ideally some Source of Wealth (SOW) assessment experience.
The team owns the front to back process for onboarding clients. The team covers a domestic private wealth management client base that consists of individual, joint, trusts and an expanding client base of funds and subsidiaries of listed companies.
The responsibilities will vary upon the experience of the successful candidate:
- Review documentation from Sales which includes the Client Identification Program (CIP) documents, Account Opening Documents and other documents as required by global and local policy. Communicate timely and effectively to Sales on missing documentation, inconsistent information and incorrect data capture in the onboarding platform.
- Escalate regulatory concerns or exceptions to the Manager for further review and discussion; conduct Enhanced Due Diligence where necessary. Submit accounts with high-risk triggers or high-risk accounts for Global Financial Crimes (GFC) signoff.
- Review and validate the accuracy of values that impact client’s ML / TF risk, such as Source of Wealth (SoW) and Total Net Worth.
- Continuous and active engagement with Sales teams to share KYC and ML / TF guidance, with the objective to improve the standard and quality of KYC and client due diligence
- Ensure account opening documentation and relevant approval records are retained properly in internal database and monitor the receipt of any outstanding documentation within required timeframe.
Requirements:
- As part of the Account Onboarding team, assist in the end-to-end new account request handling, case review and management till the new account is set up
- Handle wide range of account opening and client documentation submitted by Sales, review the document accuracy and completeness in accordance to the Bank’s compliance and KYC requirements. Or where certain documents are not available upfront, provide advisory to Sales on the list of required documents.
- Documents include client identification and verification documents, contractual agreements, account application forms, tax forms, and other documents
- Assist to review client’s source of wealth profile, background check results and supporting documents for corroboration of Source of Wealth (SOW).
- Ensure accurate data entry and document upload onto the onboarding system
- Liaise with Sales and relevant stakeholders on any missing documentation and inconsistent information inputted in the client’s profile and the onboarding system
- Keep track of and follow up on any post-onboarding outstanding documents and issues before the expiry date
- Present onboarding cases and report issues to manager / supervisor where identified.
Education and/or Experience:
- Bachelor’s degree required or equivalent education or experience.
- 3-6 years plus relevant working experience in the financial services industry – ideally Wealth Management, Private Banking industry.
- Required experience in Compliance or Risk within a private bank or onboarding in a top-tier bank.