Senior Officer / Executive Officer (Private Banking Compliance)

Overview

Be a part of an innovative team dedicated to the improvement of private banking services. This position is responsible for ensuring compliance with regulations while creating key policies and procedures.

Key Responsibilities

• Develop and expand private banking operations, ensuring compliance with regulatory requirements. Create and implement AML/CFT, KYC/CDD/EDD, customer risk assessment, and onboarding policies and procedures specific to private banking. Draft, review, and manage essential documentation such as account opening forms, customer agreements, and critical product/service protocols. Offer compliance advice across a variety of private banking products and services, including deposits, financing, foreign exchange, insurance, and investment options. Work collaboratively with IT and other stakeholders to establish system requirements and manage the implementation of compliance controls within private banking. Evaluate customer onboarding processes and ongoing compliance responsibilities, including KYC/CDD/EDD, transaction monitoring, and regulatory reporting. Carry out additional tasks as assigned by management.

Qualifications

• A Bachelor’s degree in Finance, Banking, Business, Law, or a related discipline. At least 3 to 5 years of relevant compliance experience in private banking, ideally within a prominent bank or established wealth management firm. In-depth knowledge and hands-on experience with compliance regulations, particularly AML/CFT, KYC/CDD, sanctions, and customer risk assessments. Familiarity with regulatory frameworks established by local authorities. Excellent communication and interpersonal skills, capable of articulating technical information effectively to clients and stakeholders.