Manager Private Banking Client Onboarding
Job description / Role
Job TypeFull Time
Job Location
Dubai, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Finance, Business Analysis & Consulting
Company Industry
Finance, Investment & Asset Management
Job summary
Key responsibility is to perform client acceptance reviews which is inclusive of, but not limited to, name screening, CDD and KYC checks, risk profile assessment of prospects, trigger review management, etc. for private banking onboarding. UAE nationals preferred.
Key responsibilities- Review accounts against all set internal standards for client due diligence.
- Check on the quality of the static information and source of wealth if it meets all set standards for account opening, maintenance, and trigger review.
- Review the other due diligence requirements such as adverse media findings, sanctions link, tax red flags, etc.
- Determine and advise the frontline if other searches are needed to supplement those already done for account opening.
- Advise on private banking CDD policy and procedures and applicable local laws and regulations.
- Advise on and escalate higher risk relationships and reputation risks arising from CDD to compliance or local client committee (LCC).
- Consultation with functional experts (i.e. legal, compliance, financial crime compliance) as needed.
- Contribute to the implementation and controls for daily processes and assist with the update of procedures.
- Leverage expertise and train the frontline in order to produce high quality source of wealth and complete account opening pack to avoid reworks and to aid in faster turnaround time.
- Comply with agreed turnaround 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 for improvements and workarounds.
- Provide a final recommendation to proceed or not proceed on accounts submitted for account opening or account maintenance.
Business
UAE
Processes
KYC/CDD account opening, maintenance and trigger review
People & talent
Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Risk management
Execution responsibility for identifying, assessing, monitoring, controlling and mitigating financial crime risk, sanctions risk and reputational risks to the group. Also, an awareness and understanding of the main risks facing the group and the role the individual plays in managing them.
Regulatory & business conduct
Display exemplary conduct and live by the groupu2019s values and code of conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the group code of conduct.
Lead to achieve the outcomes set out in the banku2019s conduct principles: fair outcomes for clients; effective financial markets; financial crime compliance; the right environment.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders- Private banking market and business heads
- Private banking relationship managers, team leaders and client services managers
- Private banking heads of compliance and compliance teams
- Financial crime compliance network
- Country onboarding team
- CoE team leaders
- Here for good and groupu2019s brand and values
- Perform other responsibilities assigned under group, country, business or functional policies and procedures
- Risk assessment
- CDD
- AML/KYC
- MS Office
Qualifications
Adequate knowledge and understanding of regulatory requirements relating to CDD/AML and internal procedures. Relevant experience in AML/KYC and/or client onboarding, from banking and/or financial services sector with a focus on private banking clients, including corporate compliance knowledge applicable to the financial services industry, including relevant professional certification on AML/CFT.
Excellent verbal, presentation and written communication skills.
Ability to think globally, see the overall picture and multi-task.
High level of integrity and professionalism.
High attention to detail.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before.If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive
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