This role are only suitable for candidates who are in the PRIVATE BANKING/ WEALTH MANAGEMENT SPACE.
The CDD Business Advisory and Support (CDD-BAS) 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:
- Documentation 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
- Preparation of MIS (e.g. CDD statistics report) and respond to AML/ CFT regulatory surveys
- Initiation and implementation of process improvement and digital transformation projects to streamline current process for better efficiency.
Job Purpose
- Manage day-to-day Wealth Management CDD onboarding process and timely periodic, event trigger & ad hoc reviews including reviewing client documentation and completeness of KYC package for submission to Customer Acceptance and Review Committee CARC / Business Head
- Acting as the liaison officer between Front Office RMs/Wealth Advisors and other key stakeholders (e.g., Compliance, Ops, HO CDD teams) on WM CDD matters
- Assist Head of Department to increase efficiency by identifying and improving cumbersome processes
- Assist Head of Department to mentor and guide junior colleagues to carry out their duties competently
- Assist Head of Department in implementation of new processes or initiatives triggered by regulatory developments / changes in the business models
Requirement
- Bachelor's degree is preferred from a reputable university.
- Professional certifications in Compliance, AML such as CAMS
- Min 8 years of banking industry experience in Private Banking or Wealth Management KYC / CDD or client onboarding (Audit, Risk, AML may also be areas of experience)
- In depth working knowledge of CDD / Compliance / AML procedures and standards in the Private Banking / Wealth Management space.
- Proficient in MAS regulations and guidelines relating to Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT)
- Strong analytical skills with high attention to detail and accuracy.
- Strong time management, organizational, relationship building skills
- Strong verbal, written, presentation and communication skills
- Good leadership in providing advisory and guidance to junior team members
- Multi-tasking: Ability to handle multiple tasks on hand and complete them simultaneously
- Ability to understand issues raised by Front Office and resolve the situations
- Positive working attitude and analytical skills
- Good relationship management skills
- Self-motivated and resourceful
- Collaborative and Team player
- Adaptable to fast changing environment
.Note that salary commensurate with relevant experience.
