Job Description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let's shape the future of wealth management together.

The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Julius Baer, aiming at sustainable growth of the franchise. As a member of the CRO division, the incumbent is expected to abide by relevant principles and expectations as specified in the CRO Business Organisation Manual.

Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.

The Trigger Review team in Compliance is responsible for review of AML and KYC related risk issues as triggered by adverse news, incremental risk factors or other AML risk trigger events.

The Trigger Review team of officers support the BJBS Branch and the Julius Baer Trust Company (Singapore) Limited (JBTCS) in respect of trust accounts.

YOUR CHALLENGE

People Management

• Support the CRO and Senior Management of BJBS Branch and JBTCS in ensuring compliance with external and internal Regulations in the areas mentioned above and thus actively manage operational, regulatory, and reputational risks.
• Work with the Front Office in the review and disposition of identified risk issues in BJBS and JBTCS.

Key Responsibilities

• Responsible for end-to-end AML Compliance advisory and manage a broad spectrum of AML compliance risk issues to safeguard business activities as well as to ensure compliance with the bank's policies and procedures and with MAS 626 Notices and Guidelines
• Identify and mitigate potential areas of AML compliance vulnerability and risks / gaps for efficient and effective risk coverage
• Collaborate with business units and other risk control departments to address AML compliance issues
• Pro-active management of issues highlighted via self-identification, internal and external audit reviews
• Assess materiality of potential risk factors (such as Sanctions, PEP, significant adverse media, client's involvement in Sensitive Industry, assess risk of opaque legal structure, etc) identified on existing accounts
• Perform enhanced due diligence (including assess adequacy of SOW narrative and corroboration) on high/ highest risk accounts, and obtain senior management approval
• Analyse challenging or high/ highest risk account and make appropriate recommendations to management on whether to maintain the existing relationship and other suitable recommendations as to appropriate controls to be put in place
• Ensure detailed and prompt investigation of AML/CFT cases to ensure compliance with the bank's policies and procedures and with MAS 626 Notices and Guidelines
• Conduct annual review on PEP and other high/ highest risk clients
• Review blocked transactions of account with AML concern
• Review Change in Circumstance relating to existing accounts
• Prepares and provides requested information and documents for Management, Regulators, Internal Audit, Senior Managers, and Internal Compliance.
• Reviews and contributes to the maintenance of AML/CFT policies and procedures to ensure its effectiveness
• Support the design, development and integration of key technologies that dive efficiency and automation within the AML and KYC programs

Client Management (internal & external)

• Build strong relationships with key stakeholders such as the Front Office, KYC Onboarding and AML teams across Singapore and Hong Kong.
• Maintain good regulatory relationships with MAS and law enforcement agencies in Singapore
• Working closely with overseas offices in the review and disposition of risk issues for accounts booked in BJBS but advised by the overseas offices (particularly, Hong Kong, Zurich, Dubai and Thailand).
• Assist in handling ad hoc legal and compliance issues relating to trigger review attending to related enquiries from and handling inspection by regulators, auditors (internal and external) and Head Office

Regulatory Responsibilities &/or Risk Management

• Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
• Ensure that Red Flags for potential Money Laundering and/or Terrorism Financing transactions /activities are properly identified and investigated, suspicious activities are reported in due time
• Ensure timely assistance and cooperation is rendered to MAS' and law enforcements' requests for information.

YOUR PROFILE

Personal and Social

• Strong personality with good organisational skills
• Excellent communication skill
• Ability to effectively manage internal and external stakeholders
• A strong sense of responsibility and impeccable integrity
• Strong analytical skills

Professional and Technical

• At least 2 years' experience in a financial institution, with emphasis on KYC/CDD reviews
• Prior work experience with a law enforcement agency and/or audit firm is a plus
• Experience in AML investigation particularly in private banking or wealth management, may also be considered.

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