associate, onboarding (account opening)

Overview

Who you'll be working for

What requirements you'll need to be eligible

• Minimum 5 years of relevant experience
• Strong experience in reviewing corporate and individual account opening
• Proficient in name screening systems (e.g., World Check, Factiva, Dow Jones)
• Able to manage multiple internal stakeholders (e.g., business units, Compliance)
• Experience in User Acceptance Testing (UAT) for system enhancements or changes before go-live
• Familiarity with regulatory reporting requirements, including:
  • FATCA (Foreign Account Tax Compliance Act)
  • CRS (Common Reporting Standards)
  • MAS reporting

What you'll be doing on the job

• Review account opening for both individual and entity.
• Conduct periodic Customer Due Diligence (CDD) reviews of existing clients, perform Enhanced Customer Due Diligence (ECDD) and ensure overall compliance with procedural standards.
• Perform screenings, including Sanctions, Politically Exposed Person (PEP) and adverse media/ negative news screening.
• Perform background screening of counterparties and employees.
• Advise and coordinate with front office on the CDD requirements by identifying gaps in the CDD documentation.
• Assist in maintenance of database for annual Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) reporting.
• Perform continuous review and improvement of the onboarding workflow and process, as well as update the Policy & Procedure Manuals (PPM) accordingly.
• Responsible for Operations Account Management systems’ projects, enhancement and automation.
• Assist in retrieval of signature via shared drive and provide support to other teams regarding updates.
• Submit invoices.
• Prepare Letter of Offer and Closure letter.

Consultant Contact