Officer, Periodic Review

Officer, Periodic Review

Job Summary

Job Description

What is the opportunity?

Our client is a specialist provider of asset services, custody, payments and treasury services. Founded in 1864, they are the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. They are among a small group of highly rated global banks and are recognized time and time again for our financial strength, market leadership and philanthropic work.

Our client has a processing centre of operational excellence supporting 10 countries across three geographical time zones employing a Global Operating Model to maximise efficiencies across times zones and supports a 24/5 operational capability. The objectives for Malaysia are to enhance the scalability of their global operations, improve service quality via their 'centres of excellence' and to implement/leverage standardised processes globally.

Working hours : 9.00am - 6.00pm

Region : SG and HK

Working Arrangement : Hybrid

Travelling Allowance Provided

What will you do?

• Review and re-assess client's background and profile including source of wealth and assess plausibility of source of wealth corroborations to meet internal policy and regulatory requirements
• Perform name screening and disposition in collaboration with front office
• Coordinate the ongoing periodic review program by reviewing documentations submitted by the Front Office. Review accounts for deficiencies and pass a list of requirements to the Front Office. Ensure that the internal policies and guidelines are met before sign-off
• Assess the AML risk rating for each account, including but not limited to reviewing results on KYC search engines and escalate to AML Compliance when necessary for additional review, advice and approval
• Provide advice to the Front Office on the Client Due Diligence (CDD) queries
• Perform triggering event review when Front Office or AML Compliance escalates to Periodic Review Team
• Maintain consistency with global policy and regulatory standards and actively address control aspects to ensure good business management is in place
• Report to the management on the status of Periodic review, highlight outstanding and significant risk items, and monitor outstanding items
• Update department procedures and policy manuals as and when required
• Assist in compliance or audit reviews, ad-hoc projects and control related matters
• Provide training to front office staffs

What do you need to succeed?

Must-have

• Minimum 2 years of working experience in a Financial Institution, preferably Private Bank.
• Experience in reviewing account documentation
• Experience in client profile review and source of wealth corroboration
• Some experience in AML compliance is an advantage
• Good spoken and written English and Mandarin
• Committed and responsible with a drive to ensure accuracy and completeness

Nice-to-have

• Familiarity with Avaloq system.
• Good spoken Cantonese will be an advantage

What's in it for you?

Our Client thrive on the challenge to be their best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. Our Client care about each other, reaching their potential, making a difference to their communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including performance based bonuses, flexible benefits, and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• A world-class training program in financial services
• A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

Address:

PERSIARAN IRC 2, IOI RESORT CITY IOI CITY TOWER ONE:PUTRAJAYA

City:

Putrajaya

Country:

Malaysia

Work hours/week:

40

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Posted Date:

2024-12-17

Application Deadline:

2025-01-03
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Job ID R-0000096406