KYC Specialist

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

• Provide pre-onboarding advisory; act as the Subject Matter Expert (SME) to provide advice to Front Office 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 / Front Management on matters or issues pertaining to potential material adversity or ML/CF concerns identified during the KYC review
• Ensure screening assessments on potential hits are adequately and properly documented for regulatory and audit purpose
• 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 improvement, in view of the changing operating and regulatory environment
• Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support
• Provide any other additional ad-hoc support to the KYC Team as and when is required by the Team Lead and/or Head of KYC.

Client File Review

• Review KYC information & documents of clients in accordance to the Bank’s AML/KYC standards
• Review source of wealth (“SOW”) background of clients, corroborate the declared net worth independently and assess corroboration evidence on file to be in line with regulatory requirement/expectations
• Performs plausibility assessment of clients’ SOW whenever there is a trigger review or change in circumstances (“CIC”) and work with Front Office to ensure client has sufficient independent corroboration
• Conduct incremental data screenings against Sanction list, PEP list and adverse news etc and perform first level screening assessment via SmartKYC on account related parties and SOW components
• Ensure screening assessments on potential hits are adequately and properly documented for regulatory and audit purpose
• Coordinate and liaise across business and Compliance for timely completion of Client File Reviews
• Track due reviews and product management reports as necessary
• Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support
• Provide any other additional ad-hoc support to the KYC Team as and when is required by the Team Lead and/or Head of KYC

Requirements

To be updated 

Contact Information

We are looking forward to receiving your online application.

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

Human Resources