KYC Onboarding & SOW - L2 (Private Bank) - AVP / VP

KYC Onboarding & SOW - L2 (Private Bank) - AVP / VP

Role Summary

The KYC Onboarding & Account Opening Specialist is responsible for the end-to-end onboarding of High Net Worth (HNW) individual clients for the Private Bank. The role ensures that all account opening and KYC activities comply with applicable AML/CFT regulations and internal policies, while delivering a high-touch onboarding experience aligned with private banking service standards.

Key Responsibilities

Client Onboarding & Account Opening

Manage end-to-end onboarding and account opening for individual HNW clients, including single and joint accounts.

Review and validate account opening documentation for completeness, accuracy, and regulatory compliance.

Partner closely with Relationship Managers to ensure efficient onboarding and timely account activation.

Ensure client risk assessments are completed and approved prior to account opening.

KYC / AML Due Diligence

Perform KYC due diligence for individual clients, including identity verification, address verification, and client profiling.

Assess and document Source of Wealth (SoW) and Source of Funds (SoF) in line with regulatory expectations.

Conduct sanctions, PEP, and adverse media screening.

Apply Enhanced Due Diligence (EDD) measures for higher-risk HNW clients where required.

Risk & Compliance

Identify, assess, and escalate onboarding risks or red flags to Compliance as appropriate.

Prepare clear KYC summaries and risk rationales for approvals.

Ensure compliance with AML, CFT, FATCA, CRS, and local regulatory requirements.

Stakeholder Collaboration

Act as a key liaison between Relationship Managers, Compliance, and Operations teams.

Provide guidance to Private Bankers on onboarding requirements and documentation standards.

Support internal reviews, audits, and regulatory examinations related to client onboarding.

Process & Quality Control

Maintain accurate and complete onboarding records with clear audit trails.

Ensure adherence to service level agreements (SLAs) and turnaround times.

Contribute to ongoing process improvements and control enhancements within the onboarding function.

Key Requirements

Bachelor’s degree

AML/KYC certifications (ACAMS, ICA, CAMS, or equivalent) preferred.

Min. 5-10 years of experience in KYC, client onboarding, or account opening within Private Banking or Wealth Management.

Solid knowledge of KYC, AML, SoW/SoF, FATCA, and CRS requirements

23C1935

R1105492