KYC Onboarding Compliance Officer at BANK JULIUS BAER CO LTD

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

18 May, 26

Salary

0.0

Posted On

17 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance, KYC, Onboarding, AML, CDD, Risk Management, Regulatory Reporting, Stakeholder Management, Due Diligence, Sanctions Screening, Transaction Screening, Auditing, Integrity, Analytical Skills, English, Chinese

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. The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Bank Julius Baer, aiming at sustainable growth of the franchise. Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks. The KYC Onboarding Compliance Officer (KYC CO) is responsible for Compliance Singapore’s review and approval of all High and Highest client relationships, portfolios and accounts booked in Bank Julius Baer Singapore (BJBS). The KYC CO supports both the BJBS Branch and the Julius Baer Trust Company (JBTC) in respect of BJBS-booked trust accounts. YOUR CHALLENGE KEY FEATURES OF THE POSITION People Management Support the CRO and Senior Management of BJBS Branch and JBTC in ensuring compliance with external and internal regulations in the areas mentioned above and thus actively manage operational, regulatory and reputational risks. Part of the KYC Onboarding team of Compliance Officers supporting BJBS Branch. Client Management (internal & external) Build strong relationships with key stakeholders such as the BJBS Front Office, Client Document Services (CDS), Periodic Review, AML Controls and Risk Management teams. Support Head of Singapore Compliance and the Head of AML/KYC Singapore in the management of Compliance’s review and acceptance of new client relationships, portfolios and accounts booked in BJBS, as well as the review of new/incremental KYC/CDD risk throughout the duration of the client relationship with BJBS. Work closely with Head Office and overseas offices (particularly, Hong Kong, Dubai and Thailand) to provide input on cross border referrals and account opening. Assist in handling ad hoc legal and compliance issues relating to KYC/CDD, and supporting Compliance Singapore with respect to related enquiries from and handling inspection by regulators, auditors (internal and external) and Head Office Business Management Review and approve the on-boarding of new client relationships and accounts for Individuals, Domiciliary Companies, Legal Entities, Financial Institutions, Trusts, Fund, External Asset Managers, as well as on the retention of existing client relationships with BJBS, and ensure compliance with the Bank’s policies and procedures, and with MAS 626 Notices 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 / or existing clients Review and assess the AML risk of higher–risk accounts, such as those with PEPs, significant adverse media and client’s involvement in Sensitive Industries. Review and assess the adequacy of the Source of Wealth narrative and corroboration submitted by the Front employees for new to bank prospects and / or existing clients. Review and assess the risk of opaque legal structures Review relevant account changes such as signatories, Power of Attorneys, changes in the source of wealth Manage the exit of clients for AML/CFT cause, including the conduct of enhanced monitoring of these accounts until exit Address Sanction true matches, as well as true matches for other AML/CFT risks identified during the Bank’s Name Screening, Transaction Screening and Periodic Review processes. Provide advice to Front employees and Operations on KYC/CDD- related matters Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship. Support the enhancement of Name Screening controls and processes for BJB. Participate in projects, process improvement and discussions relating to KYC/CDD Supervisory Responsibilities Not applicable 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 properly identified, assessed and documented. Ensure that where KYC/CDD measures cannot be completed, the client relationship is not established or exited, and there is timely escalation to AML Investigations, where suspicious activities /conduct is also noted. Ensure timely assistance and cooperation is rendered to MAS’ and law enforcements’ requests for information. YOUR PROFILE SKILLS REQUIREMENTS OF THE POSITION Personal and Social Strong Personality with good organisational skills Excellent communication skill Ability to effectively manage internal and external stakeholders Setting the right priorities and ability to work on multiple assignments at the same time A strong sense of responsibility and impeccable integrity Strong analytical skills Excellent command of spoken and written English and Chinese, other languages are an advantage Professional and Technical At least 5-7 years’ experience in either KYC On-Boarding and AML role in Private Banking/Wealth Management. A good degree and understanding of the Private Banking and Wealth Management industry Strong knowledge of the MAS 626 Notice & Guidelines A good degree and understanding of the private banking industry and or trust company. Experience in managing regulatory inspections, external and/or internal audits on AML/CFT issues PC proficient: MS word, excel, PowerPoint 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.

How To Apply:

Incase you would like to apply to this job directly from the source, please click here

Responsibilities

The officer is responsible for the compliance review and approval of all High and Highest client relationships, portfolios, and accounts booked in Bank Julius Baer Singapore, supporting both the branch and the trust company. This involves ensuring adherence to external and internal regulations to actively manage operational, regulatory, and reputational risks.