A regional corporate bank is seeking to further establish its presence in Singapore and is looking for a skilled and experienced KYC professional to join its Compliance team. This role requires a strong background in Know Your Customer (KYC) due diligence. In return, you will enjoy an attractive annual remuneration package of up to S$100,000 per annum.
Key Responsibilities
- Conduct Customer Due Diligence (CDD) assessments on clients in line with prevailing regulatory standards, including ensuring required documentation is obtained, conducting sanctions/PEP and adverse media screening, and performing risk assessments across various risk factors
- Compile transaction assessments by analyzing clients behavior and expected transaction profiles
- Perform Source of Funds (SOF) and Source of Wealth (SOW) assessments
- Ensure CDD assessments are accurate, risk-based, and able to stand alone for audit and regulatory review
- Assist Relationship Managers (RM) in collecting information and documentation during the CDD process, including direct outreach to clients when required
- Monitor the progress of CDD reviews to ensure timely completion within regulatory timelines
- Support the Head of CDD in developing and enhancing CDD processes and procedures
- Prepare CDD / AML-related reporting and support relevant projects and assignments
- Trigger periodic CDD reviews and perform event-driven reviews when required
Requirements
- Minimum 5 years of experience in Compliance, AML, CDD, or CFT within the banking or financial services industry
- Strong knowledge of MAS Notice 626 and AML/CFT regulations
- Self-starter who is results-driven and able to identify practical solutions to compliance challenges
- Good command of English, with strong written and verbal communication skills
- Ability to communicate effectively with stakeholders across all levels
Application
If you are interested in this opportunity, please apply with your updated resume to:
[Confidential Information] (R1879177) for a confidential discussion.
If this role does not match your profile, feel free to refer the opportunity to your professional peers or friends.
