Onboarding Specialist/Manager
Remuneration package Senior Level – highly negotiable, depending on experience, qualifications etc.
Onboarding of clients has become a specialized function within a business. The depth of knowledge required to comply with the Regulator and all the requirements has become immense, especially around the onboarding of entities.
- Understand all the various types of structures and entities
- Have complete full insight to be able to analyze these structures to identify the UBO / warm body depth of where to end the investigation etc.
- Make firm decisions based on the knowledge/ experience,
Existing processes needs to be evaluated and the needs for system development need to be identified with the view to automate as much as possible. Process engineering is therefore key. Training and upskilling of the existing team just as important.
KEY RELATIONS
Internally: Onboarding team, Compliance, Legal, Advice Ops teams; Training team; Advisors and assistants, IT, Business Unit Leaders
Externally: External suppliers, Regulator like FSCA, ASISA
QUALIFICATION AND EXPERIENCE
- Relevant tertiary qualification (Law)
- Legal background/understanding around specifically entities
- Project management courses and experience (advantageous)
- In-depth knowledge of the following:
- FICA
- RMCP policy
- Onboarding
- AML and Risk rating
- Structures and ability to look through the structures
- Entities
- Identifying warm body/ UBO’s
- Ability to look through
- FATCA and CRS
- Offshore jurisdictions and entities
- Different jurisdictions
DELIVERABLES:
- With the product owner develop an Onboarding team that functions optimally with as much automation as possible, i.e. process engineering with view to automation. This would mean:
- Evaluating existing processes and develop new ones
- Help with the implementation of updated processes and monitor them
- As project manager, head up a team to move offshore structures into various alternatives eg transferring from one offshore structure to another (various new structures). Fielding of questions. Working with data, tax, and fiduciary knowledge,
- To facilitate decisions made around identifying warm bodies/structures, i.e., to be the knowledge
- Be the crucial body in decision making process re structures and entities and handle possible conflict.
- Engaging with Compliance around decisions being made, including document requirements and methodologies
- To ensure all processes and system development are aligned with requirements
- To train and upskill and evaluate the Onboarding team.
- Interact with Compliance and share knowledge/experience relative to what is happening in industry
We are looking for relevant experince (ref to role above) and a Legal Qualification (not negotiable).
Please note: only shortliste candidates will be contacted.
Desired Skills:
- ref to requirements above