Position Description
This role sits with Equity Derivatives Department (EQD) and provides support with regards to Client Account Opening and AML/KYC checks related to the business.
Key Areas of Responsibilities
- Responsible for the Know Your Customer (KYC) and Customer Due Diligence (CDD) workflow process for end-to-end client account opening.
- Ensure that the onboarding and review requirements are in compliance with Anti-Money Laundering (AML) Tax evasion and Countering the Financing of Terrorism (CFT) regulations and guidelines.
- Primary point in liaising with the internal stakeholders such as Sales, Middle Office, Compliance, FATCA team and clients on KYC documentation collection.
- Perform verification checks to ensure that all documents submitted meet the defined Customer Identification Program. Draft and obtain approvals for Politically Exposed Persons/Sanction Exposures/Adverse News and special cases deviating from the CITIC CLSA Group AML and CFT Policy when necessary.
- Resolve any issues arising from the screening processes in a professional and efficient manner. Timely escalation of exceptions needs to be made to Chief Operating Officer EQD, Regional Head of AML or Group Head of Compliance when necessary.
- Maintain a current database of all information, documents, financial reports, and news on our accounts for Compliance vetting, Legal and Internal Audit.
- Coordinate with internal stakeholders i.e. Legal, Credit and counterparty on ISDA/GMRA/GMSLA/EAM and/or Distribution agreement negotiation including execution paperwork.
- Coordinate with Prime Services, Middle Office and Credit for post-account setup
Requirements
- Bachelors degree holder in business and finance
- Excellent communication skills with good command in written and spoken English and Cantonese
- Working knowledge of account-opening and related processes is required
- Knowledge of financial markets and derivative instruments, anti-money laundering regulations and SFC requirements around Hong Kong Professional Investors, MAS requirements around Singapore Accredited Investors is desirable; Knowledge in other regions regulatory requirements is a plus
- Knowledge of Hedge Funds structure and experience in handling HNWI is preferred
- Familiarity with World Check One or comparable name screening system will be an advantage
- Attentive to details, diligent, independent and able to work under pressure
- Self-motivated, desire to be challenged and eager to learn