Position Description
This role sits with Equity Derivatives Department (EQD) and provides support with regards to Client Account Opening and AML/KYC checks related to the business.
Key Areas of Responsibilities
• Responsible for the Know Your Customer (KYC) workflow process for end-to-end client account opening.
• Ensure that the onboarding and review requirements are in compliance with Anti-Money Laundering (AML) Tax evasion and Countering the Financing of Terrorism (CFT) regulations and guidelines.
• Primary point in liaising with the internal stakeholders such as Sales, Middle Office, Compliance, FATCA team and clients on KYC documentation collection.
• Perform verification checks to ensure that all documents submitted meet the defined Customer Identification Program. Draft and obtain approvals for Politically Exposed Persons and special cases deviating from the CITIC CLSA Group AML and CFT Policy when necessary.
• Resolve any issues arising from the screening processes in a professional and efficient manner. Timely escalation of exceptions needs to be made to Chief Operating Officer EQD, Regional Head of AML or Group Head of Compliance when necessary.
• Maintain a current database of all information, documents, financial reports, and news on our accounts for Compliance vetting, Legal and Internal Audit.
• Coordinate with internal stakeholders i.e. Legal, Credit and counterparty on ISDA/GMRA/GMSLA agreement negotiation including execution paperwork.
Requirements
• Degree holder in business, finance or relevant academic background
• Excellent communication skills with good command in written and spoken English and Cantonese
• 4+ years of account-opening and related processes experience is required
• Knowledge of financial markets and derivative instruments, anti-money laundering regulations and SFC requirements around Hong Kong Professional Investors is desirable
• Familiarity with World Check One or comparable name screening system will be an advantage
• Attentive to details, diligent, independent and able to work under pressure
• Self-motivated, desire to be challenged and eager to learn
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Skills Required
- Degree in business, finance, or relevant academic background
- Excellent written and spoken English and Cantonese communication skills
- 4+ years of account-opening and related processes experience
- Knowledge of financial markets, derivative instruments, AML regulations and SFC requirements around Hong Kong Professional Investors
- Familiarity with World Check One or comparable name screening systems
- Attention to detail, diligence, independence, and ability to work under pressure
- Self-motivated, eager to learn and be challenged
CLSA Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CLSA and has not been reviewed or approved by CLSA.
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Pay Growth & Progression — Base pay for junior bankers was increased significantly in 2021 to stay competitive in a hot market. This indicates willingness to adjust compensation when talent risks rise.
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Healthcare Strength — Permanent staff are automatically enrolled in healthcare aligned to local markets, with added travel health and security support via International SOS. This points to solid core medical coverage with global-travel assistance.
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Retirement Support — Permanent staff are automatically enrolled in pension plans aligned to local markets. A group retirement plan is administered regionally, signaling formalized retirement benefits infrastructure.
CLSA Insights
What We Do
CITIC CLSA is a wholly-owned subsidiary of CITIC Securities and its overseas business platform. Established in Hong Kong in 1986, CITIC CLSA is Asia’s leading capital markets and investment group, committed to driving the growth strategies of global institutional investors, corporations, governments and high-net-worth individuals. CITIC CLSA’s award-winning research, extensive Asia network, direct links to China and highly experienced financial professionals set CITIC CLSA apart from global investment banks and regional players. Over three decades, CITIC CLSA has built an extensive Asia network with deep local knowledge and connections. Globally, we operate from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit clsa.com
