Job Description
Team Overview
The KYC Controls team has a regional exposure covering the controls against money laundering and terrorist financing for different entities of Nomura in the region. The requirements for compliance are conferred by regulations and guidelines in different countries.
This is a newly created role in middle to senior position within the KYC operations team with a great opportunity to work with the other partners. The candidate will be the alternate to the Singapore manager of the function and will be responsible for KYC account opening and support Sales & Business based out of Hong Kong.
Team- KYC (Wealth and Institutional clients) - Primarily to work on wealth clients and the role can expand to Institutional clients in future.
Responsibilities:
• Ensure all new client relationships have undergone the appropriate client identification screening (KYC) prior to opening a new account and entering into trading and loan transactions
• All existing clients KYC is refreshed on periodic basis and necessary escalation is performed
• The critical piece of KYC for wealth is validating the client profile/ Biography & Source of wealth which is provided by Sales. KYC associate will play a key critical role as subject matter expert and seek additional clarification from sales to ensure write up is complete & meets regulatory requirements
• Act as a single point of contact for Sales in Hong Kong and handle any prioritization discussions, escalations & prepare the action plan to closely work with teams in Singapore
• Ability to perform hands on task related to KYC and account opening (Including working with sales on information and documents, update system with relevant details, perform checks, validate & upload documents, manage pipeline for new accounts and KYC rolling review- KYC refresh)
• The KYC is performed on key system (Avaloq)
• Ensure client information and documents are validated & updated correctly on the systems for seamless feed to other internal systems and reporting (Internal, regulatory etc.)
• Continuously work with AML Compliance, Legal, Sales support on completing KYC and client information updates
• Identify system enhancement focusing on controls and efficiency and work with the IT teams to implement
• Face Internal & external Auditors and have good understanding of process to provide process walkthrough and samples
Requirements:
Governance, Risk and Controls:
• 5+ relevant experience in compliance, risk management or operations with an investment bank or financial services firm
• Ability to work with minimal supervision, oversight and with cross region teams
• The role holder will ensure the very highest standard of risk control is adopted throughout their team and all relevant policies and procedures are adhered to.
• All KYC breaches, near misses or risk events will be managed and escalated where necessary.
• The individual will be required to deliver updates of KYC procedures, understand the policy and implement the operations changes and procedures required to meet the policy requirement
• Able to handle reasoning and justification on KYC matters to AML Compliance and Legal teams
• Accuracy, attention to details to avoid errors
Technical Skills/Competencies
• Is well versed with the KYC requirements as suggested by MAS and other major Asia regulators
• Ability to understand different risk types associated with Clients (Individuals, Private companies, corporation)
• Strong skills in documenting & storing exceptions and approvals
• Flexible and quick to adopt change in policies, systems and requirements
• Has intermediate knowledge on MS excel (Formulas, Pivot and V look ups) and MS Power points
Stakeholder management
• Fact based and ability to understand the risk involved and highlights the same across levels
• Detailed oriented in order to understand all requirements at one go
• Managing Business stakeholders- Ability to handle business supervision teams and Sales. Need to have good negotiation skills to plan the pipeline and negotiate the timeline
• Has experience in written and verbal communication with AML, Compliance, legal, Internal Audits
Change Management:
• Involve in system upgrades, new process flows and UAT and production roll outs
• Expected to be innovative in driving process optimization and defining operating models to achieve greater efficiencies from existing resources. Streamline all similar functions, eliminating duplication, highlighting and reinforcing best practice and ensuring consistent measurements and service delivery.
Language Skills
• Has an excellent command of the English language, with strong written and verbal communication skills, and the ability to communicate effectively across all levels.
• Ability to fluently speak Cantonese and mandarin is a must as this role will involve interaction with local sales based out of Hong Kong
The KYC Controls team has a regional exposure covering the controls against money laundering and terrorist financing for different entities of Nomura in the region. The requirements for compliance are conferred by regulations and guidelines in different countries.
This is a newly created role in middle to senior position within the KYC operations team with a great opportunity to work with the other partners. The candidate will be the alternate to the Singapore manager of the function and will be responsible for KYC account opening and support Sales & Business based out of Hong Kong.
Team- KYC (Wealth and Institutional clients) - Primarily to work on wealth clients and the role can expand to Institutional clients in future.
Responsibilities:
• Ensure all new client relationships have undergone the appropriate client identification screening (KYC) prior to opening a new account and entering into trading and loan transactions
• All existing clients KYC is refreshed on periodic basis and necessary escalation is performed
• The critical piece of KYC for wealth is validating the client profile/ Biography & Source of wealth which is provided by Sales. KYC associate will play a key critical role as subject matter expert and seek additional clarification from sales to ensure write up is complete & meets regulatory requirements
• Act as a single point of contact for Sales in Hong Kong and handle any prioritization discussions, escalations & prepare the action plan to closely work with teams in Singapore
• Ability to perform hands on task related to KYC and account opening (Including working with sales on information and documents, update system with relevant details, perform checks, validate & upload documents, manage pipeline for new accounts and KYC rolling review- KYC refresh)
• The KYC is performed on key system (Avaloq)
• Ensure client information and documents are validated & updated correctly on the systems for seamless feed to other internal systems and reporting (Internal, regulatory etc.)
• Continuously work with AML Compliance, Legal, Sales support on completing KYC and client information updates
• Identify system enhancement focusing on controls and efficiency and work with the IT teams to implement
• Face Internal & external Auditors and have good understanding of process to provide process walkthrough and samples
Requirements:
Governance, Risk and Controls:
• 5+ relevant experience in compliance, risk management or operations with an investment bank or financial services firm
• Ability to work with minimal supervision, oversight and with cross region teams
• The role holder will ensure the very highest standard of risk control is adopted throughout their team and all relevant policies and procedures are adhered to.
• All KYC breaches, near misses or risk events will be managed and escalated where necessary.
• The individual will be required to deliver updates of KYC procedures, understand the policy and implement the operations changes and procedures required to meet the policy requirement
• Able to handle reasoning and justification on KYC matters to AML Compliance and Legal teams
• Accuracy, attention to details to avoid errors
Technical Skills/Competencies
• Is well versed with the KYC requirements as suggested by MAS and other major Asia regulators
• Ability to understand different risk types associated with Clients (Individuals, Private companies, corporation)
• Strong skills in documenting & storing exceptions and approvals
• Flexible and quick to adopt change in policies, systems and requirements
• Has intermediate knowledge on MS excel (Formulas, Pivot and V look ups) and MS Power points
Stakeholder management
• Fact based and ability to understand the risk involved and highlights the same across levels
• Detailed oriented in order to understand all requirements at one go
• Managing Business stakeholders- Ability to handle business supervision teams and Sales. Need to have good negotiation skills to plan the pipeline and negotiate the timeline
• Has experience in written and verbal communication with AML, Compliance, legal, Internal Audits
Change Management:
• Involve in system upgrades, new process flows and UAT and production roll outs
• Expected to be innovative in driving process optimization and defining operating models to achieve greater efficiencies from existing resources. Streamline all similar functions, eliminating duplication, highlighting and reinforcing best practice and ensuring consistent measurements and service delivery.
Language Skills
• Has an excellent command of the English language, with strong written and verbal communication skills, and the ability to communicate effectively across all levels.
• Ability to fluently speak Cantonese and mandarin is a must as this role will involve interaction with local sales based out of Hong Kong