KYC Analyst - 6 Months Contract - Singapore
We are looking for KYC Analyst to join our Private Banking team. The successful candidate will be responsible for onboarding and performing ongoing due diligence on clients, ensuring compliance with local and regional KYC/AML regulations. This role requires strong local market knowledge, analytical skills, and the ability to liaise with stakeholders effectively.
Key Responsibilities:
KYC / Client Onboarding:
- Conduct KYC due diligence on new and existing clients in line with the bank's requirements and applicable local/private banking regulations.
- Collect, verify, and maintain all relevant client documentation, ensuring a complete and auditable trail of actions taken.
- Perform periodic reviews and refresh KYC information on existing clients.
- Identify, assess, and escalate potential KYC risks, red flags, and operational issues as appropriate.
- Classify clients from a risk and regulatory perspective, ensuring accurate risk rating.
- Manage own caseload efficiently, coordinating with internal KYC and compliance teams globally.
- Collaborate with stakeholders across the bank to resolve KYC issues and ensure adherence to timelines.
- Support ad-hoc projects or compliance initiatives as required.
Compliance & Regulatory Awareness:
- Keep up to date with local regulatory changes, industry developments, and news that may impact banking operations.
- Support compliance monitoring, including sanctions checks, AML, and ABC (Anti-Bribery and Corruption) considerations.
- Ensure mandatory compliance trainings are completed on time.
- Provide accurate reporting and updates to management and key stakeholders.
Requirements:
- Solid hands-on experience in KYC due diligence within financial services or private banking.
- Strong knowledge of local Singapore private banking regulations, practices, and market nuances.
- Experience in risk classification and understanding of AML, sanctions, and financial crime regulations.
- Excellent written and verbal communication skills fluent in English (Mandarin an advantage).
- Strong analytical skills with high accuracy and attention to detail.
- Proficient in Microsoft Office (Word, Excel, Outlook) and KYC/compliance tools.
- Ability to work in team, manage multiple tasks simultaneously, and meet deadlines.
- Strong interpersonal skills and the ability to influence stakeholders diplomatically.
- Flexible and self-motivated with a proactive approach to problem-solving.
