Client Onboarding Review Officer (6 months contract)

at  Pictet

MISSION

The Client Onboarding Officer (6 months fixed-term contract) will be part of the Client Business Compliance team supporting all aspects of client onboarding including periodic review and name screening to meet Pictet’s Anti Money Laundering (AML) and Know Your Client (KYC) requirements. The Client Onboarding Officer will collaborate with respective stakeholders to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client due diligence requirements during onboarding and periodic review cycle.

YOUR ROLE

The Pictet group is one of the world’s leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented in 30 offices in financial centres worldwide, currently employing over 4600 people. Pictet has been present in Singapore for more than 25 years where it employs over 200 people. Pictet Wealth Management combines more than 200 years of Swiss banking heritage with global investment expertise. The Partner-owned financial service group offers a comprehensive service for wealthy individuals and families including discretionary and advisory investment solutions and family office services.

KEY RESPONSIBILITIES

• Support the Team Lead in the development and execution of the Financial Crime Program within BPCAL, especially in the area of Know Your Client (“KYC”) and Client onboarding, ensuring that the Program meets both Group standards and Local regulation requirements.
• Perform KYC including Source of Wealth, due diligence searches and account opening documentation checks for client onboarding and post onboarding client modifications.
• Present to senior management in Due Diligence Committee for approvals on financial crime related matters including client onboarding.
• Identify financial crime risk issues and propose recommendations to Senior Management for resolution.
• Provide compliance advice for Private Banking business on financial crime matters relating to new regulations, client types and business.
• Strategize and work with internal stakeholders to drive any needed change to enhance compliance processes using technology across the bank.
• Represent the department as needed on projects and initiatives including Group initiated initiatives for financial crime related areas.
• Support the Team Lead in overseeing the resolution of compliance owned management action plans for audits and inspections.
• Build and maintain a proactive and constructive relationship with business and functional stakeholders, working with the Team Lead to design appropriate controls focusing on risk identification and management.
• Any other duties as assigned