The CDD Business Advisory and Support (CBAS) unit operates as the 1.5 line of defense and functions as a bridge between Branch's Business segments (1st line of defense) and Control / Support (2nd line of defense) units to support the Corporate & Institutional Banking (C&IB) and Wealth Management (WM) businesses on Client Due Diligence (CDD) related matters including:
- Documents preparation required for client onboarding and periodic reviews.
- Liaising with key stakeholders like Business, Compliance and Ops units to address any gaps in the CDD reviews.
- Monitoring of client accounts (including onboarding conditions, adverse news, documentation validity) and initiate trigger reviews.
- Conduct AML/CFT related in-house surveillance reviews along with business and compliance.
- Prepare MIS (e.g. monthly CDD statistics report) and respond to AML/ CFT regulatory surveys.
- Initiation and implementation of process improvement and digital transformation projects to streamline and automate the name screening and review process.
Job Purpose
Work with Relationship Managers (RMs) to:
- Obtain mandatory CDD documents from clients in the C&IB Business including Financial Institutions.
- Perform name screenings on client and all relevant related parties via Factiva and OWC (World Check).
- Prepare CDD review pack (including CDD write up / assessment).
- Ensure that documents submitted for onboarding / periodic reviews / trigger reviews are in line with Bank's requirements.
- Assist in managing Customer Account Review Committee (CARC) meetings including drafting of agenda and Minutes after each meeting.
- Other adhoc tasks as assigned by Head of Business Governance / CBAS Head.
Job Content
CDD Documentation Preparation and Submission
- Perform name screenings activities.
- Liaising with clients to obtain all required CDD documents.
- Prepare CDD review pack (including CDD write up / assessment).
- Responsible for e-filing documents in relevant CDD depository.
- Ensuring all documents are complete and gaps adequately addressed prior submission for approval.
- Timely tracking / follow up on outstanding matters / conditions.
- Any other tasks assigned by the Head of CDD
Process Improvement and Project Management
- Assist Managers / HoD in new and ongoing projects rollouts including UAT and co-ordinate with operations, IT, operations risk, compliance, group units as required.
Requirements
- Min. a Bachelor's Degree from a reputable university.
- Min. 2 - 3 years of banking industry experience in KYC / CDD or client onboarding (Audit, Risk, AML may also be areas of experience) in relation to Corporate and Financial Institutions CDD.
- Professional certifications in Compliance, AML such as CAMS.
- Basic knowledge of CDD / Compliance / AML procedures and standards.
- Good understanding of MAS regulations and guidelines relating to Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT).
- Problem identification and solving skills.
- Good time management skills and adherence to deadlines.
- Strong competence in verbal and written communication skills.
- Self-starter and independent.
- Collaborative and Team player.
- Adaptable to fast changing environment.
.Note that salary will be commensurate with relevant experience.
