Job description
The successful incumbent will sit within the first line of defense, with a focus on providing quality periodic review work on both clients and investors, supporting the Asia Pacific Teams. The tasks will be completed in accordance with internal AML/CFT policies and procedures, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, which include Funds & Asset Managers, Debt, Capital Markets & Corporate, and Private Wealth.
Tasks Periodic Review
- Perform AML/KYC periodic reviews on clients and investors in accordance with scheduled cycles to ensure compliance with relevant regulations, including MAS, SFC, and CIMA where applicable.
- To support the team manager in guiding the team to conduct name screening, review of due diligence documents including the source of funds & wealth, and risk assessments within established timelines.
- To ensure KYC documents are up to date and properly recorded/refreshed.
- To provide independent recommendations to mitigate the identified risks across the existing client & investor book where necessary, and/or be responsible for escalating the findings to the necessary stakeholders.
- To assist the wider cluster teams with managing client data and master trackers to see through the completion of full client and investor KYC lifecycles.
- To perform management reporting on key statistics and status updates in an efficient manner.
- Be the point of contact for clients and investors (where necessary) to collect due diligence documents in relation to the fund’s investor's periodic review and provide timely responses to the same.
- Be the point of contact with the APAC teams where the client relationships are contracted.
- To be a resource to the other team members and internal stakeholders where required.
FATCA / CRS
- Maintain records of FATCA / CRS Tracker and forms for each fund/investor(s).
- Review CRS Self Certification forms from various funds and multiple investor(s) that we provide FATCA service to identify their FATCA / CRS Classification.
- Assist and liaise with Client Services Team regarding FATCA documents as per required.
- Review statuses corresponding to forms provided and review internal consistency of forms collected (e.g. incomplete or missing sections).
- Verify declared status on form is consistent with AML documents.
- Validate GIINs provided by investors against IRS published information and flag any that cannot be verified for query or follow-up.
- Enter and check reportable / non reportable status of each investor based on whether investor or their Controller is Specified Person for the reportable jurisdiction.
- Insert reportable investors’ data into input file for the production of client package and xml files for submission to the tax authorities.
- Provide guidance regarding FATCA and CRS regulatory deadlines.
- Monitoring of local regulations, deadlines, and FATCA / CRS regimes.
- Work closely with different jurisdictions to ensure the filing of regulatory reports are met.
Other
- Support the department as required within the confines of role.
- Undertake any additional reasonable duties as required by the firm
Key competencies for position and level
- Strong analytical skills with excellent attention to detail
- Results oriented and ability to multitask and manage high volumes of priorities in a fast-paced environment
- Resourceful with good verbal and written communication skills