Assistant Vice President, Business Compliance (Wholesale Banking Group)

The job holder will play a crucial role on KYC matters and customer relationship tagging for Wholesale Banking Group (WBG). The role is responsible for managing the end-to-end processing and control of customer due diligence reviews (periodic and triggering event reviews) according to internal regulatory policies and guidelines. The job holder is required to work closely with RMs and Compliance to ensure assessments and reporting adhere to bank standard and provide advisory support to RMs.

The job holder also actively participates in projects relating to KYC components to safeguard WBG’s interest.

What you will be doing

Compliance Management

• Conduct thorough customer due diligence reviews on Corporate, Financial Institutions (incl. Banks) customers in accordance with regulatory and internal policies.
• Assist in daily name screening reviews and RFI handling to ensure compliance with AML requirements.
• Specific to Correspondent Banking relationships (i.e. FI Banks), oversee timely completion of transaction review for vostro accounts, reverse KYC requests for Nostro account opening etc.
• Coordinate amongst FCC, RM, and clients to ensure streamlined onboarding and fulfillment of EDD requirements for high-risk accounts including Payment Intermediaries and Virtual Assert Service Providers (VASP) in compliance with regulatory frameworks and internal policies
• Track to ensure appropriate sign-off of reviews by RMs and Team Heads, and as relevant Compliance and Head of WBG
• Provide guidance and oversight to junior team members, ensuring quality and timely delivery of work.
• Provide advisory support on regulatory and operational issues and process in relation to KYC/ AML matters
• Assist in conducting compliance awareness/ reporting/ self-assessment/ training programs and communication regarding regulatory updates and risk procedures.
• Contribute to quality AML risk reports and management information for internal and regulatory stakeholders
• Respond promptly to independent reviews, audits, and remediation actions.
• Capture common customer identifiers, customer relationship grouping and connected parties on dedicated systems
• Perform amendment of client relationship tagging upon request
• Answers to RM’s enquiries in relation to customer relationship tagging

Project Management & Strategic Initiatives

• Contribute to the implementation and execution of group & local project and system or process enhancement for WBG
• Assist senior management on developing and implementing the strategic plan for WBG, aligning with the bank’s overall objectives.
• Identify and contribute to necessary improvement in risk control and operational efficiency

What we are looking for

• University degree in Business, Finance, Accounting, or other relevant disciplines
• Compliance-related certifications
• Minimum 7 years’ relevant experience in Corporate Banking/ Compliance
• Strong understanding of corporate banking products and services, as well as regulatory requirements.
• Solid CDD knowledge from Corporate / Commercial Banking
• Knowledge in Payment Intermediaries/ Crypto / Virtual assets CDD requirements & familiarity with regulatory framework is a plus.
• Proficient in MS Office applications
• Professional presentation and report writing skills
• Well versed with banking and regulatory requirements
• Proven analytical and problem-solving skills, with the ability to interpret complex data and make informed decisions
• Excellent communication and interpersonal skills, with the ability to build relationships at all levels of the organization.
• Demonstrated integrity, independence, and a strong compliance mindset
• ECF - AML/ CFT (Core level) is preferred