Sydney
Wealth Management
Contract or Temporary
Our client is a global tier-one Wealth Management firm seeking an experienced KYC Maintenance Associate to join either their Sydney or Melbourne Account Management Team on an initial 12-month contract.
The ideal candidate will have wealth management / retail equity broking / Wealth Management client onboarding/ KYC / AML experience and ideally some understanding of UK FSA regulations alongside Australian regulations.
Key Responsibilities:
This role is broadly responsible for supporting all operational processes for the CIP KYC and PEP reviews, including:
* Account opening for sub-accounts, SMAs and OTC product accounts.
* Reviewing and processing static data change, i.e updating contact details, account type and profile
* Reviewing and processing trigger event, including all types of change that trigger CDD insufficient or outdated based on the current KYC rules, i.e. change of directors and entity name
* Monitoring and processing different requests in Workflow, i.e reviewing different modules for international platform and conduct signature verification.
* Deceased Estate Handling: including dealing with death notifications, account block and uplift and adding executor(s) to the account, etc.
* Power of Attorney: reviewing and handling POA/EPOA requests and add them to both domestic and interntaional platform accounts.
* Post-onboarding EDD/PEP: Monitoring Enhanced Due Diligence report on a daily basis and investigating the high/high+ risk trigger.
* Initiate EDD/PEP process for high/high+ risk accounts.
* Handling questions/queries from the front office.
* Ad hoc tasks: i.e Project, Client communication/mass mailing, US IPO, MIFID Quarterly Statements, BCAN and CGG/PPSR Registration, etc
Other info:
* In KYC Maintenance, the tasks will be more varied and combination of trigger events where client's situation changes and we conduct applicable review of KYC profile
* Role will be more varied in types of requests we support, more multi-tasking, little more communication with business
Desired Experience/Qualifications:
* Bachelor's degree or equivalent education or experience required.
* At least 3 years' experience in the financial services industry, ideally with previous experience in Risk and Compliance with a private bank, or onboarding/periodic review in a top-tier bank.
* Understanding of global AML/KYC standards, in particular Australian and UK- FSA requirements.
* Strong analytical and organisational skills.
* Strong communication skills to effectively and clearly instruct/ advise Sales teams and other stakeholders.
* Ability to articulate issues concisely and effectively.
* Able to work both independently and with a team in a dynamic environment with high pressure on timeliness and quality of deliverables.
* Impressive knowledge of KYC documentation, industry regulations and best practices.
This role will pay approximately $470-525 per day plus super, depending on prior experience in relevant positions.