Vice President - AML/KYC Officer, Private Wealth Compliance

AML/CFT/Sanctions ADVISORY

• Advises FO on onboarding requirements
• Advises on and prepares risk framework
• Performs gap analysis for new regulatory requirements in relation to KYC/ AML
• Review and update of AML/CFT/Sanctions related policies and procedures

ACCOUNT OPENING

• Reviews and checks client on-boarding and account opening documentation
• Performs detailed due diligence and compliance assessments on client on-boarding and account opening documentation
• Checks adherence to client with the on-boarding checklist (e.g. KYC, Hansha checks, World-Check or equivalent, Factiva searches, PEP status, Vulnerable Client etc.)
• Performs Customer Due Diligence and Enhanced Due Diligence

DAILY NAME SCREENING

• Reviews, clears with adequate justifications alerts in name screening tool (ad hoc and batch name screening, etc) and escalates relevant adverse hits

TRANSACTION MONITORING

• Review inflow/outflows of cash and assets
• Investigates unusual transactions
• Prepares STRs

PERIODIC REVIEWS

• Organises, tracks and performs the periodic KYC reviews including trigger event reviews
• Prepares documentation for re-approval by Senior Management

ADMIN/SYSTEMS

• Handles the filing and archiving of client documents
• Monitors the client status as Accredited Investors
• Liaises with external vendors for AML related matters
• Performs reviews of parameters and functionalities of AML systems (threshold setting)
• Prepares KYC, AML training materials and delivers KYC, AML training
• Prepares documents/reports (client files, memos, AML dashboard, monthly key risk report for AML, EWRA, etc) for submission to senior management.

Job Requirements

• Minimum 5-7 years of experience in compliance within a private bank, wealth management firm, or financial institution
• Strong working experience to general compliance frameworks, including advisory, monitoring, and policy implementation
• Experience supporting front office activities in a private banking or wealth management environment is preferred

Education

• Minimum Bachelor's degree in Law, Finance, Business, Accounting, or a related discipline
• Professional certifications (e.g., CAMS, ICA, CFA, or equivalent) would be an advantage

Regulatory Knowledge

• Strong knowledge of key regulatory frameworks, including AML/CFT, cross-border and suitability requirements
• Solid understanding of client onboarding, KYC, and due diligence standards
• Familiarity with conduct and sales practices in private banking
• Working knowledge of SFA/FAA requirements and MAS guidelines, aligned with global regulatory standards

Key Competencies

• Strong attention to detail in reviewing complex client structures, transactions, and documentation
• Skilled at identifying inconsistencies, gaps, and compliance risks
• Practical, risk-based approach to issue assessment and solutioning
• Ability to balance business objectives with regulatory requirements
• Strong analytical and judgment skills in interpreting regulations and managing risk
• Effective communicator with confidence engaging stakeholders and escalating issues appropriately