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Urgent! VP, Middle Office, Private Banking Job Opening In Singapore, Singapore – Now Hiring CHINA CITIC BANK INTERNATIONAL LIMITED Singapore Branch
Job Purpose
Assist Head of PB in providing general client servicing support to front office including new account opening/ account review, transactions documentation checking/filling, sales order checking, etc.
Develop AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return.
Implement operational management and internal control in business unit.
Support management to formulate business plans and develop sales management reports and MIS to drive business growth.
Provide backup support to other team members.
Job Responsibilities
Implement AML Policy and the relevant procedures and guideline.
Perform client due diligence on-boarding checks and review as defined by prevailing policies and guidelines which may also be regulatory, and liaise with Frontline, Compliance for smooth and timely account opening and review.
To clear system generated name screening alerts or perform manual screening.
Collaborate with front office and other stakeholders to supplement and improve relevant operating procedures to ensure full compliance with policies and regulatory.
Implement risk management control policies and procedures in related to AML/FT risk, compliance risk, operational risk and credit risk, on day-to-day business activities.
To perform management reporting and data analysis on key operational risk items.
Ensure adequate training is provided to the related staff within Private Banking Department so that they could perform their functions at a professional level, in term of practices, compliance and operational standard.
Ensure full compliance of operation manual, investment & insurance sales workflow, sales guideline to PB frontline.
Support the front office on general banking transactions / sales order, ensure client due diligence & client suitability checks are in order, and to ensure accuracy of capture to avoid incidents and dealing errors.
Provide regular quality checking and phone call monitoring.
Processing/fulfillment and follow up with back office to ensure timely and accurate order processing.
Conduct day-to-day monitoring on client’s credit position and guide RMs to take appropriate action in case of any excess or warning signals.
To support other teams where necessary on activities such as signature verification & information retrieval.
To collaborate with Hong Kong and/or Singapore RMs and ARMs and other stake holders to deliver consistent best experience to our clients.
To proactively identify areas of improvement and suggest viable solutions.
To participate in compliance/operation related projects as a content provider or a stakeholder.
To ensure no repeat review findings by Compliance, Group Compliance, Internal or External Auditors.
Assist and participate in projects & ensure projects are completed on a timely manner.
Comply with anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and CNCBI policies.
Job Requirements
Recognised Bachelor's degree in any Finance & Banking or equivalent fields.
Minimum 6 - 8 years of relevant experience in banking in compliance, risk and operation management.
At least 5 years of hands-on experience in the AML field (client onboarding review (including documentation), ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards.
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Unlock Your VP Middle Potential: Insight & Career Growth Guide
Real-time VP Middle Jobs Trends in Singapore, Singapore (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for VP Middle in Singapore, Singapore using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 1445 jobs in Singapore and 1409 jobs in Singapore. This comprehensive analysis highlights market share and opportunities for professionals in VP Middle roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! CHINA CITIC BANK INTERNATIONAL LIMITED Singapore Branch is currently hiring and seeking a VP, Middle Office, Private Banking to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at CHINA CITIC BANK INTERNATIONAL LIMITED Singapore Branch adheres to the cultural norms as outlined by Expertini.
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Key qualifications for VP, Middle Office, Private Banking typically include Other General and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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