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Client Lifecycle Specialist

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Client Lifecycle Specialist

  • Location:

    Singapore

  • Sector:

    LMA Asia Finance

  • Job type:

    Permanent

  • Salary:

    S$4000.00 - S$5000.00 per month

  • Contact:

    Hiong Hao Yi

  • Contact email:

    shazelina.shafei@lmarecruitment.asia

  • Job ref:

    BBBH398410_1656570261

  • Published:

    about 2 months ago

  • Expiry date:

    2022-07-04

  • Client:

    LMA

Client Lifecycle Specialist (KYC/AML)

Division: Operation

Reporting to: Head of Client Lifecycle, APAC

Job duties:

  • Assess each client Onboarding scenario and apply the appropriate level of Customer Due Diligence to ensure completeness
  • Ensure 100% 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 Onboarding 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 Onboarding process, work/low 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 Onboarding process
  • Maintain procedures, system controls and identify key process improvements related to the KYC/AML processes for all business products

Requirements

  • Understanding of AML/KYC documentation requirements and structure of trading counterparts
  • Good understanding of Financial Regulations affecting AML/KYC client Onboarding process
  • At least 2-3 years relevant working experiences in similar industry
  • Experience with screening tool, preferably Worldcheck
  • Ability to demonstrate good judgement and decision making in escalating potential risk to the Firm

Company Reg No.: 201131609D | License No.: 11C4684 | EA Reg no: R21100351