Client Onboarding Team Lead

About the role

The Client Onboarding Team Lead is part of the Client Onboarding Team within the COO Division of Julius Baer Singapore. The role manages a team reviewing and assessing AML/KYC risk for Standard and Medium Risk client relationships booked in the bank, 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 and MAS 626 Notice and Guidelines
• 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 and management/risk committees on AML/CFT and KYC/CDD matters
• Lead a team of 5-8 Client Onboarding Officers, coach and develop them, and manage first-level escalations
• Support senior management in keeping onboarded relationships compliant with regulations and internal policies
• Build relationships with the Front Office, Legal, Compliance and Risk Management teams, and work with Head Office and overseas offices (Hong Kong, Dubai, Thailand)
• Conduct quarterly quality checks on approved accounts and promote a strong risk culture

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; ability to manage multiple assignments and stakeholders
• 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