about the company
The Client is a established private bank offering a full suite of global financial services and capabilities around the world.
about the role
- Be the Subject Matter Expert to Front Office and provide advice on account opening requirements as well as KYC Due Diligence topics
- Ensure relevance and completeness of KYC information provided by Front Office, and that it is in accordance with MAS 626 Notices and Guidelines and bank’s policies
- Assess AML/KYC risks for Medium and Low Risk clients
- Review and assess the adequacy of the Source of Wealth corroboration submitted by the Front Office for New to Bank and existing clients
- Perform name screening and adverse news searches
- Address Sanction true matches, as well as true matches for other AML/CFT risks identified during the Bank's Name Screening processes.
- Work closely with stakeholders including Front Office, Legal, Compliance and Risk Management, Overseas offices and Head Office
- Ensure prompt escalation to Compliance on potential material risks or ML/CFT concerns
- Provide training/guidance to more junior team members on day to day issues
- Participate in process improvement projects and initiatives
skills and experience required
- At least 3 years of KYC Onboarding and/or Periodic Review experience within Private Banking
- Good working knowledge of Source of Wealth corroboration
- Understanding of Account Documentation requirements is a plus
- Familiarity with AML/CFT requirements including MAS 626 Notice & Guidelines
- Organised and meticulous
- Excellent communications and stakeholder management skills
- Strong writing and analytical skills
- Proficient in Microsoft Office applications
If you would like to find out more about this role, please click apply below. Alternatively please connect with Lynda Tan at https://www.linkedin.com/in/lynda-tan/
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