Associate Director, Client Due Diligence, SME Banking

Job Summary

The Associate Director, Client Due Diligence, Small and Medium Enterprises (SME) Banking works in partnership with Relationship Mangers (RM) to get the client file to required standards of SME Banking.  He or she will be responsible for assessing the risks of the client, provide assurance to the Business that the client file meets requirements and approve the file. Role comes with additional responsibilities to support the SME Banking network and international proposition.

Key Responsibilities

Oversees Know Your Clients (KYC) and Client Due Diligence (CDD) Account Opening Processes, including

• Manage client approval end to end for the SME Banking files
• Review New Account Opening Documentation for completeness and validity
• Review accounts against all set internal standards for Client Due Diligence
• Check quality of the Source of Wealth if it meets set standards for On-boarding
• Conduct name screenings, adverse media findings, Sanctions links, Tax red flags
• Ensure complete and accurate record keeping of all relevant communications
• Ensure accuracy of data captured in SME system
• Advise frontline on SME CDD policy and procedures and applicable local regulations
• Escalate higher risk relationships and reputation risks arising from CDD to SME Compliance
• Consult with functional experts (i.e. Legal, Compliance, Tax) as needed
• Contribute to the implementation and controls for daily processes
• Comply to agreed Turn Around Times for assigned activities as detailed in the Document Operating Instructions and the Service Level Agreements
• Promote the spirit of continuous improvement by flagging any procedural issues that impact delivery of responsibilities with suggestions improvements and work around

Qualifications

• Bachelor Degree Holder
• Over 3 years of solid experience in Client Due Diligence within SME Banking sector
• Solid knowledge and understanding of regulatory requirements relating to SME Banking Customer Due Diligence and Anti Money Laundering
• Possess relevant certifications, including Association of Certified Anti-Money Laundering Specialists (ACAMS) or International Compliance Association (ICA), would be highly preferred
• Excellent verbal, presentation and written communication skills
• People and service oriented. A team player.
• High level of integrity and professionalism, with High attention to details
• Fluent in English, Cantonese and Mandarin.  Read and Write in English and Chinese