Client Onboarding Team Lead

About the role

The Client Onboarding Team Lead is part of the COO Division of Julius Baer Singapore (BJBS) in the Client Onboarding Team. The role manages a team reviewing and assessing AML/KYC risk for Standard and Medium Risk client relationships booked in BJBS, oversees and challenges Front Office submissions, and acts as a key stakeholder across COO, Front Office, Legal, Compliance and Risk Management.

Key responsibilities

• Review and approve onboarding of new client relationships and accounts for individuals, domiciliary companies, legal entities, financial institutions, trusts, funds and external asset managers, in line with bank policy, MAS 626 Notice and Guidelines and risk mitigation needs
• Assess the adequacy of Source of Wealth narratives and the risk of opaque legal structures
• Address true matches for sanctions and other AML/CFT risks identified in the name screening process
• Advise Front employees on KYC/CDD matters and advise management and local risk committees on AML/CFT risk
• Lead a team of 5-8 Client Onboarding Officers, coach and develop them, and allocate resources to manage onboarding volumes and service levels
• Manage first-level escalations and conduct quarterly quality checks on approved accounts
• Escalate higher-risk client relationships to Compliance and cooperate with MAS or law enforcement requests for information
• Work with Head Office and overseas offices (Hong Kong, Dubai, Thailand) on account openings

Required profile

• At least 8 years' experience in KYC onboarding or AML, preferably in private banking
• Prior people management experience preferred
• Good understanding of the private banking, wealth management and trust industries
• Strong communication, organisational and analytical skills, with excellent spoken and written English; other languages are an advantage

Required skills

• Strong knowledge of MAS 626 Notice and Guidelines
• Experience preparing reports and strong Excel skills