KYC Specialist, Client File Review

LGT is the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family. As the family office of the Princely House of Liechtenstein, we have years of experience in the management of sizeable sums of assets.Job Description

Client Onboarding

• Be the single point of contact/case manager for Front on new client onboarding requests

• Provide pre-onboarding advisory; act as the Subject Matter Expert (SME) to provide advice to Front relating to account opening requirements including KYC due diligence data collection requirements, helping Front achieve enhanced client experience by getting it right the first time round

• Assess and ensure the relevance and completeness of KYC information supplied by Front and to perform appropriate due diligence checks and searches in various public sources according to the bank’s standard of client onboarding

• Perform KYC assessment on prospective bank clients, which includes but not limited to Source of Wealth corroboration, names screening, AML risk assessment etc, to ensure adherence to regulatory requirements and bank policies/directives

• Escalation to Compliance / management  on matters or issues pertaining to potential material adversity or ML/CFT concerns uncovered during the KYC assessment.

• Route Client Onboarding submissions to subsequent handoffs in the account opening process per Bank’s process/directives

• Provide training/guidance to more junior team members on day to day issues 

• Participate in change-the-bank activities and projects in view of the bank’s strategic objectives and vision

• Drive and deliver continuous process improvements, in view of the changing operating and regulatory environment

• Handle / support any additionally ad hoc project as per required

Client File Review

• Review KYC information & documents of clients in accordance to the Bank’s AML/KYC standards

• Review source of wealth background of clients, corroborate the declared net worth independently and assess corroboration evidence on file to be in line with regulatory requirement.

• Conduct name screening against Sanction list, PEP list and adverse news etc.

• Ensure screening assessments on potential hits are adequately and properly documented for regulatory and audit purpose

• Coordinate and liaise across businesses and Compliance for timely completion of Client File Reviews

• Track due reviews and product management reports as necessary

• Support ad-hoc projects where necessary

Requirements

• Minimum bachelor’s degree holder of business or finance discipline

• At least 5 years of relevant experience in Private Banking industry and good understanding of KYC/AML/Compliance/Risk requirements

• Knowledge on Avaloq system is a plus

• Team player, understands the importance of collaboration and is committed to service delivery excellence

• Excellent communication skills, confident corresponding with Front Office and internal stakeholders

• Excellent attention to details

• Ability to work under pressure, cope with change and yet execute in a precise and timely fashion

• Competent in MS office suite, particularly MS Excel

Contact Information

We are looking forward to receiving your online application.

For any further information please do not hesitate to contact us!

LGT Bank (Singapore) Ltd.

Human Resources

En Hui Teo