Larry Wan

Detailed-oriented and insightful AML/KYC specialist with 5+ years of experience. Diverse and widespread background in banking and financial industry with in-depth understanding of banking practice in KYC, AML/CFT and regulatory regulations. Proposed change to reduce duplications and unnecessary work led to around cut down 20% in TAT and processing errors during account opening procedure at Citi Bank.

Onboarding & KYC Case Specialist, UBS AG, Central, Aug 2022 - Present

• Initiate background check on private client, and create client profile report with client advisor to ensure client KYC information consistent with AML/CFT & regulatory guidelines
• Reduces back and forth around 40% by gathering SOW corroboration material in public and internal resources
• Actively partnered with client advisor through start-to-end onboarding and periodic KYC Review (PKR) 
• Deliver to save time for CA from escalation by disposing Cosima/Factiva hits, transaction review, insider search
• Assist client advisor to save up to 20% of account opening time by preparing and pre-filling required forms
• Facilitate exceptional handling on risk-based approach, and coordinate with Business and Financial Crime/Compliance/Due Diligence Officer for signoff

• Executed due diligent checks including order company, land and credit search, implement World check and Actimize name check during new business partner's new onboarding and periodic review
• Implemented financial activities monitoring to discover any potential ML/FT risk
• Consolidated internal department information to complete due diligence exercise from business partners
• Communicated decisions to legal team and business head the final consensus contract with business partners
• Contributed to sales, legal, compliance team and related stakeholders to ensure governance standards were met in business account management

• Acted as KYC/CDD due diligence maker role to achieve new client onboarding, periodic review within a tight deadline
• Performed name & sanction screening, such as negative news, PEP, litigation, etc.
• Coordinated with the relationship managers to obtain necessary KYC documents and information and worked with checker to fulfill Citi's KYC/CDD requirement
• Proposed change to reduce duplications and unnecessary work led to around cut down 20% in TAT, 15% drop in processing errors during account opening
• Participated in UAT project for digitalization of client onboarding procedures

April 2019 - Oct 2019

• Operated documentation and name checking, risk score engine, KYC assessment in accordance with AML policies
• Created corporate accounts incorporated in Hong Kong, China and overseas (BVI, Cayman Islands, Bermuda, Netherlands, etc.)
• Maintained customer information by updating authorized signatories, BO, address, etc. at average of 10+ tasks per day

• Delivered client document checking, KYC/CDD, FATCA and CRS review, profile set up and account maintenance
• Accomplished in opening and managing personal and corporate accounts in average of 20 units each day
• Composed letters e.g. rebound, reactive notification, third-party authorization based on SFC regulations
• Adopted “Oracle” program for data retrieval and utilized mail merge function to compose mass mail

Aug 2015 - Nov 2016

• Mentored 2 trainees regarding bank procedures and answer inquiry manner
• Answered customer inquiries regarding counter services such as FX, TT, Chat, Time deposit
• Won “Best service award” on customer feedback

• Operated over 40 cash deposits and withdrawal transactions per day
• Balanced all transactions and prepared reports at day end
• Recorded and checked accuracy of all transaction slips have been written out

Coventry University, Aug 2022 - 2023(Expected graduation date: Oct 2023)

Bachelor of Business Administration

Institute of Vocational Education, 2010 - 2013

High Diploma of Banking and Finance