Onboarding Analyst

Responsibilities:

Work with the team on the following day-to-day processes and routine work:

• Review account opening documents of both individual and entity for trading in Futures & Options and Security products.
• Conduct periodic Customer Due Diligence (CDD) reviews of existing clients, perform enhanced due diligence, and ensure overall compliance with procedural standards.
• Perform necessary screenings – Sanctions, PEP and Adverse Media/ Negative News screening.
• Perform account maintenance by ensuring any update of particulars request are promptly updated.
• Advise and coordinate with Front Office on the CDD requirements by identifying gaps in the CDD documentation.
• Assist in maintenance of database for annual Foreign Account Tax Compliance Act (FATCA) reporting and Common Reporting Standards (CRS) reporting.
• Continuously review and improve the onboarding workflow and process as well as update the Policy &Procedure Manuals (PPM) accordingly.
• Handle external and internal inspections and audits.
• Client data management.
• Involve in Account Management team’s system-related and automation projects.
• Any other ad hoc tasks as assigned.

Requirements:

• Bachelor’s degree in Banking/Finance/Business Management
• Min 1 year of experience in Client Onboarding
• Have solid understanding of requirements under MAS Notice SFA04-N02 – Prevention of Money Laundering and Countering the Financing of Terrorism - Capital Markets Intermediaries.
• Familiar with FATCA/CRS requirements
• Understanding of requirements under MAS Notice on AML/KYC/CDD
• Team Player