Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Client Due Diligence Specialist!
This position within the Client Onboarding & Lifecycle Management is responsible for supporting our Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for our existing clients. The successful candidate is expected to be knowledgeable in CDD/AML principles to be able to analyse and identify gaps and risks in the existing KYC and Source of Wealth (SoW) information, and to be able to work well within a team while taking initiative and ownership over his/her own area of work.
Main Duties
- Accurately identify gaps (if any) in client's source of wealth and assess the plausibility in line with MAS and the Bank's expectations.
- Conduct independent and meticulous reviews, incorporating plausibility checks and validation of Clients Source of Wealth and source of funds.
- Perform detailed calculations to support the client's source of wealth journey, i.e accumulation of wealth over time
- Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
- Assist relationship managers to succinctly translate the SoW information into a professional and quality write up.
- Report to the SoW remediation team lead for completion progress on a regular basis and escalate issues to Compliance where required.
- Collaborate with auditors and relevant stakeholders on audit and assurance-related matters.
- Coordination and collation of CDD related MIS.
Work Experience & Qualifications
- At least 4 - 6 years of experience in AML and Source of Wealth (SoW) experience for Client Onboarding and Periodic Reviews in a private banking environment.
- Knowledgeable and sensitive to the risks involved AML risks of private banking clients.
- Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
- Familiar with excel and preparation of statistics for reporting.
Education Requirements
- Diploma / Degree holder
- ACAMs or ICA would be preferred
