Client Onboarding Specialist , Front Office Wealth Management , Private Bank , 12 month contract
Posted Today by JJ SEARCH LIMITED
Negotiable
Undetermined
Undetermined
London Area, United Kingdom
Summary: The Client Onboarding Specialist at a prestigious Private Bank in London will facilitate new account openings by ensuring compliance with KYC and AML regulations. This role involves evaluating complex client structures and collaborating with front office teams to enhance the client onboarding experience. The specialist will also address potential AML risks and ensure the quality of onboarding documentation. A strong background in Wealth Management or Private Banking is essential for success in this position.
Key Responsibilities:
- Assist in new account openings, ensuring compliance with KYC and AML due diligence.
- Evaluate complex client structures, including Trusts and Foundations.
- Collaborate with client-facing teams and escalate identified AML risks.
- Liaise directly with clients to enhance the onboarding experience.
- Ensure completeness and quality of client onboarding files.
- Perform assessments of negative news hits and address reputational risks.
Key Skills:
- 2-5 years of Client Onboarding experience in Wealth Management or Private Banking.
- Level 4 Wealth Management or Compliance & Compliance Risk qualification (or equivalent) preferred.
- Solid understanding of Financial Crime and Suitability topics.
- Understanding of complex client structures, particularly Trusts and Foundations.
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
The Company: A highly regarded and prestigious Private Bank based in London
The Role: The Client Onboarding Specialist will work closely with the Private Bank front office teams to assist in new account openings, ensuring that account opening documents and client KYC & AML due diligence meets both UK and local Booking Centre requirements. The Client Onboarding Specialist will evaluate complex client structures (in particular, Trusts, Foundations and Domiciliary company accounts) to ensure account opening proceeds in line with the legal regulations. Undertake additional clarifications (with client facing teams or the Compliance Department) if required and assist in the escalation of identified elevated AML risks, potential suspicion of money laundering, or unsuitable advice. Collaborating closely with client facing teams (Relationship Managers, Assistant Relationship Managers), the Client Onboarding Specialist will also have the ability to liaise with clients directly to ensure excellent client experience in the onboarding process. The Client Onboarding Specialist will be comfortable liaising with prospects or clients directly in order to ensure a high level of service and client experience as well as collaborating with internal stakeholders that support the process. Work closely with Front Office teams in the creation of client onboarding files to ensure completeness, quality and plausibility of documented Financial Crime and Suitability related information. Ensure the inclusion of corroboration documents, perform and assess negative news hits (including assessment of reliability of the source) and address potential reputational risk.
The Candidate 2-5 years of Client Onboarding experience within Wealth Management / Private Banking. Level 4 Wealth Management or Compliance & Compliance Risk qualification (or equivalent) - preferred Solid understanding of Financial Crime and Suitability related topics An understanding of complex client structures (in particular, Trusts, Foundations)