Client Onboarding Officer

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.The Client Onboarding Officer is part of the COO Division of Julius Baer Singapore (BJBS) in the Client Onboarding Team. The Client Onboarding Officer is responsible for reviewing and assessing AML/KYC risk for Standard and Medium Risk client relationships booked in BJBS, and escalating higher risk accounts to Compliance, in accordance with internal policies and procedures.YOUR CHALLENGEBusiness ManagementReview and approve the onboarding of new client relationships and accounts for Individuals, Domiciliary Companies, Legal Entities, Financial Institutions, Trusts, Fund, External Asset Managers, and ensure compliance with the Bank’s policies & procedures, MAS 626 Notice and Guidelines, and to mitigate risks (legal, regulatory and/or reputational) for the BankReview and assess the adequacy of the Source of Wealth narrative and corroboration submitted by the Front for new to bank prospects and existing clients opening new accountsReview and assess the risk of opaque legal structuresAddress true matches for Sanctions and other AML/CFT risks identified during the Bank’s Name Screening process at client onboardingProvide advice to Front employees on KYC/CDD- related mattersProvide advice to the management and local risk committees on the AML/CFT risk of a client relationshipStrong commitment to quality service and a desire to drive continuous process improvement initiativesPeople ManagementSupport Senior Management in ensuring client relationships onboarded comply with regulations and internal policies, thus actively manage operational, regulatory and reputational risksClient Management (internal & external)Build strong relationships with key stakeholders such as the BJBS Front Office, Legal, Compliance and Risk Management teamsAssess AML/KYC risk and approve or reject new account opening applications for Standard and Medium Risk client relationships in accordance with internal policies and procedures. Where applicable, escalate higher risk client relationships to Compliance for reviewWork closely with Head Office and overseas offices (particularly Hong Kong, Dubai, and Thailand) to provide input on account openingRegulatory Responsibilities &/OR Risk ManagementDemonstrate appropriate values and behaviours, including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulationsEnsure that KYC/CDD issues are adequately identified, assessed, and documentedWhere KYC/CDD measures cannot be completed, ensure that the client relationship is not established, and there is timely escalation to AML Controls where suspicious activity/conduct notedEnsure timely assistance and cooperation is rendered to MAS or law enforcements’ request for informationRANK APPLICABLE TO THE POSITIONADYOUR PROFILESkills Requirements Of The PositionProfessional and TechnicalAt least 2 years’ experience in either KYC Onboarding or AML, preferably in Private BankingA good degree of understanding of the Private Banking and Wealth Management industryStrong knowledge of MAS 626 Notice & GuidelinesA good degree of understanding of the private banking or trust industryExperience in preparing reports and strong excel skillsPersonal and SocialStrong personality with good organisational skillsExcellent communication skillsAbility to effectively manage internal and external stakeholdersAbility to prioritize and work on multiple assignments concurrentlyA strong sense of responsibility and impeccable integrityStrong analytical skillsExcellent command of spoken and written English, other languages are an advantageWe are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site.Is this not quite what you are looking for? Set up a job alert by creating a candidate account here.