Client Onboarding Director
3 weeks ago
Company Overview
Larson Maddox is a leading Private Bank that has been serving high-net-worth clients for years. Our commitment to excellence and customer satisfaction has earned us a reputation as one of the top banks in the industry.
Job Description
We are seeking an experienced Client Onboarding Director to join our team. In this role, you will be responsible for managing the new account opening process, ensuring compliance with all relevant regulations and internal policies. You will work closely with the business to streamline the onboarding process and maintain ongoing monitoring of client relationships.
Key Responsibilities
- Manage the new account opening process, ensuring robustness, clear progress tracking, reporting, and backlog management.
- Conduct KYC policy & procedure updates to ensure alignment with regulatory expectations (e.g., HKMA, HKAB, MAS, SFC) and industry practices.
- Assist in reviewing KYC and AML documentation to approve new accounts.
- Report on review progress, key risk indicators, and prepare management information.
- Advise stakeholders on CDD and KYC matters.
- Perform screening on clients against screening systems (e.g., SKYC), PEP, and various blacklists.
- Participate in compliance-related projects, such as system UAT.
- Collaborate with AML and General Compliance teams to enable a holistic view of client profiles and behaviors.
- Provide backup support for other compliance team members.
- Escalate issues, gaps, potential gaps, and backlogs to supervisors, suggesting remediation.
Requirements and Qualifications
To be successful in this role, you will need:
- Minimum 7 years of KYC Onboarding experience in the banking industry.
- Strong understanding of KYC, CDD, and AML regulations in Hong Kong.
- Excellent analytical and problem-solving skills.
- Effective communication and stakeholder management skills.
- Ability to work independently and as part of a team.
- Fluency in English and Chinese (Cantonese and/or Mandarin) is preferred.
Compensation and Benefits
The salary for this position is estimated at HKD 650,000 - 850,000 per annum, depending on experience. Larson Maddox offers a comprehensive benefits package, including health insurance, retirement plan, and paid time off.
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