CDD Account opening and Review - European Private Bank
Client Due Diligence (CDD) - Account Opening & Review Specialist
Client: European Private Bank
Location: Hong Kong
Budget: HKD 30,000-40,000/month
Key Responsibilities:
- Review client account opening documentation to ensure completeness, accuracy, and compliance with local regulatory requirements and internal bank policies.
- Conduct periodic CDD reviews on existing clients, ensuring timely updates and adherence to compliance standards.
- Maintain and update client static data, including creation, modification, and deletion of records in the Core Banking System.
- Advise Relationship Managers on documentation requirements for offshore companies and trust structures.
- Oversee client onboarding operations, ensuring data accuracy and completeness in the Core Banking System.
- Perform control and maintenance functions related to client accounts, including account closures, blocks, and other status changes.
- Liaise with Relationship Managers to resolve documentation discrepancies and ensure timely resolution.
- Review and update client classifications, including Professional Investor and Private Banking Client status.
- Support ad hoc projects related to documentation, system enhancements, and UAT testing.
- Assist the Head of Client Data with departmental reporting and data quality initiatives.
- Coordinate company searches and due diligence checks with relevant departments.
- Perform document scanning and digital archiving in accordance with internal standards.
- Provide backup support to the Client Middle Office team as needed.
Requirements:
- Bachelor's degree in Business, Finance, or a related discipline.
- Minimum 2 years of experience in client onboarding, CDD, or account documentation within private banking or financial services.
- Strong understanding of regulatory requirements and compliance standards in Hong Kong and/or European jurisdictions.
- Familiarity with offshore company and trust structures is highly preferred.
- Proficiency in Core Banking Systems and client data management tools.
- Detail-oriented with strong organizational and documentation skills.
- Excellent communication skills, with the ability to liaise effectively with internal stakeholders.
- Ability to work independently and manage multiple tasks under tight deadlines.
- Fluency in English, Cantonese or Mandarin
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