Our client, a global financial services commodity trading company, is seeking a talented individual to join its team in a 12 month Contract as the Financial Crime Due Diligence Analyst reporting in to the Financial Crime Due Diligence Officer.
Responsibilities
- Verify the identities of clients and their connected persons, ensuring all information is derived from acceptable and reliable information sources
- Comprehensively analyse ownership and control structures to accurately identify the beneficial owners
- Determine the nature and purpose of the business relationship and understand the expected transactional activities.
- Carry out screening for sanctions, adverse media, and political exposure risks on clients and their connected persons.
- Ensure risks are promptly and appropriately escalated as necessary as defined by internal processes and procedures
- Determine and evidence client categorisation under applicable regimes (e.g., Retail/Professional/ECP under MiFID-style rules; Accredited/Institutional/Expert under MAS-style rules), including documenting tests applied, thresholds met, and supporting proofs in the client file.
- Liaise with Front Office staff to ensure required due diligence information is obtained within expected timeframes, and to keep aware of account opening priorities.
- Support with the reporting of relevant management information and metrics to provide actionable insights into the due diligence activities.
Mandatory Requirements
- 2-4 years practical experience in a customer due diligence role within a regulated financial institution, with demonstrable progression in the level of responsibilities handled and complexity of work performed.
- Reasonable knowledge of AML, CTF, and other relevant financial crime regulations and legal obligations, in particular those related to international customer due diligence standards and expectations.
- Reasonable knowledge of regulatory client classification principles and requirements, such as MiFID and Singapore Investor Classification.
- Singaporean or Singapore PR
