Client Onboarding Officer at BANK JULIUS BAER CO LTD

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

29 May, 26

Salary

0.0

Posted On

28 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

KYC Onboarding, AML, Private Banking, Wealth Management, MAS 626 Notice, Risk Assessment, Client Onboarding, Sanctions Screening, CDD, Stakeholder Management, Regulatory Compliance, Analytical Skills, Communication Skills, Process Improvement, Integrity

Industry

Banking

Description

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. Responsible for providing guidance to employees and leadership on compliance matters, implementing and maintaining compliance programmes and policies, and conducting assessments of Know Your Customer (KYC) and Financial Crime risks. YOUR CHALLENGE GENERAL DESCRIPTION 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. KEY FEATURES OF THE POSITION Business Management Review 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 Bank Review 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 accounts Review and assess the risk of opaque legal structures Address true matches for Sanctions and other AML/CFT risks identified during the Bank’s Name Screening process at client onboarding Provide advice to Front employees on KYC/CDD- related matters Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship Strong commitment to quality service and a desire to drive continuous process improvement initiatives People Management Support Senior Management in ensuring client relationships onboarded comply with regulations and internal policies, thus actively manage operational, regulatory and reputational risks Client Management (internal & external) Build strong relationships with key stakeholders such as the BJBS Front Office, Legal, Compliance and Risk Management teams Assess 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 review Work closely with Head Office and overseas offices (particularly Hong Kong, Dubai, and Thailand) to provide input on account opening Regulatory Responsibilities &/OR Risk Management Demonstrate 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 regulations Ensure that KYC/CDD issues are adequately identified, assessed, and documented Where 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 noted Ensure timely assistance and cooperation is rendered to MAS or law enforcements’ request for information Rank Applicable AD YOUR PROFILE SKILLS REQUIREMENTS OF THE POSITION Professional and Technical At least 4 years’ experience in either KYC Onboarding or AML, preferably in Private Banking A good degree of understanding of the Private Banking and Wealth Management industry Strong knowledge of MAS 626 Notice & Guidelines A good degree of understanding of the private banking or trust industry Experience in preparing reports and strong excel skills Personal and Social Strong personality with good organisational skills Excellent communication skills Ability to effectively manage internal and external stakeholders Ability to prioritize and work on multiple assignments concurrently A strong sense of responsibility and impeccable integrity Strong analytical skills Excellent command of spoken and written English, other languages are an advantage We 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. The international reference in wealth management Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations. Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Why join Julius Baer? At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes. For more information visit www.juliusbaer.com or contact us via the Contact Form. For recruiting agents, please see the additional information here.

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Responsibilities

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. This includes reviewing and approving the onboarding of new client relationships across various entity types in compliance with bank policies and regulatory guidelines.