Our Client, a global Commodities trading business, is seeking a Financial Crime Due Diligence Analyst with 1-3 years experience with hands on client due diligence experience within a compliance AML team. This role is due to the promotion of the person in the team with 4 years experience to Financial Crime Due Diligence and Compliance Officer.
Responsibilities
Risk-based due diligence measures:
- 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
- Maintain accurate and well-organised records of the due diligence and risk assessment process to ensure a full audit trail of risk analysis, escalations, and decisions.
- Stay up to date with developments in the Firm's internal policies, standards and procedures
Regulatory client classification:
- 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.
- Issue and track required disclosures and elections (e.g., elective professional status, AI opt-in/opt-out), ensuring client acknowledgements are obtained, stored, and version-controlled prior to activation of regulated services.
- Maintain and refresh classifications on a risk-based cadence and upon triggers (e.g. material changes in financials, ownership/domicile changes, corporate actions), escalating complex or borderline cases to Compliance.
Stakeholder Management and Collaboration:
- Liaise with Front Office staff to ensure required due diligence information is obtained within expected timeframes, and to keep aware of account opening priorities.
- Build and maintain strong working relationships with stakeholders, including Front Office, Legal, Compliance and Risk Management teams to facilitate effective due diligence and support identification of process improvements.
Management Information and Reporting:
- Support with the reporting of relevant management information and metrics to provide actionable insights into the due diligence activities.
Requirements
- 1-3 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.
- Proven capacity to work independently, ensuring prompt and effective delivery of assigned work without requiring significant day-to-day instruction and supervision.
- 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.
- Strong analytical skills with the ability to interpret complex and disparate data sources using a professional sceptical approach.
- Effective communication and interpersonal skills, with the ability to liaise effectively with internal and external stakeholders.
- Relevant certifications such as ICA (International Compliance Association), or CAMS (Certified Anti-Money Laundering Specialist).
- Educated to at least bachelor's degree (or equivalent) level.
