KYC Analyst (Periodic Review & Source of Wealth) – Private Banking #BJJ

1 Year Contract – KYC Analyst (Periodic Review & Source of Wealth) – Private Banking #BJJ

Salary: S$6,000 – S$8,000 per month

Our client is in the Private Banking area.

Job Responsibilities

• Perform end-to-end periodic reviews for Private Banking clients in accordance with AML/CFT regulatory requirements and internal KYC policies.

• Conduct comprehensive reviews of client profiles to ensure customer information remains accurate, complete, and up to date.

• Assess and validate clients' Source of Wealth (SOW) and Source of Funds (SOF) through documentary evidence and supporting information.

• Analyse customer risk profiles and perform risk assessments based on customer activities, jurisdictions, products, and transaction behaviour.

• Identify KYC documentation gaps, inconsistencies, or potential financial crime risks, and recommend appropriate remediation actions.

• Liaise closely with Relationship Managers, Compliance, and Operations teams to obtain outstanding KYC documents and clarify client information.

• Review complex client structures, including trusts, offshore entities, family offices, and high-net-worth individuals (HNWIs), where applicable.

• Conduct name screening, PEP, sanctions, and adverse media reviews in accordance with internal policies and regulatory requirements.

• Ensure periodic reviews are completed accurately within established service level agreements (SLAs) and regulatory timelines.

• Escalate high-risk cases, unusual findings, or potential AML concerns to Compliance for further assessment.

• Maintain complete and accurate client records, review documentation, and audit trails within internal systems.

• Support remediation projects, regulatory initiatives, and process improvement activities relating to KYC and client due diligence.

Job Requirements

• Degree in Banking, Finance, Business, Accountancy, Law, or a related discipline.

• 3–8 years of experience in KYC, Client Due Diligence (CDD), Enhanced Due Diligence (EDD), Periodic Review, or AML Compliance within Private Banking or Wealth Management.

• Strong knowledge of MAS AML/CFT regulations, Private Banking KYC standards, and regulatory requirements.

• Hands-on experience assessing Source of Wealth (SOW) and Source of Funds (SOF) for high-net-worth and ultra-high-net-worth clients.

• Familiarity with sanctions screening, PEP screening, adverse media review, and client risk assessments.

• Experience handling complex ownership structures, trusts, and corporate entities is an advantage.

• Strong analytical, investigative, and documentation skills with high attention to detail.

• Excellent communication skills with the ability to engage Relationship Managers and Compliance teams effectively.

• Proficient in Microsoft Office applications; experience with KYC platforms such as Fenergo, World-Check, or similar systems is an advantage.

Please send your application directly via [email protected] for a faster response.

Only shortlisted candidates will be notified.

(Jann) Tan Wei Ying (R1103708)

Email Address: [email protected]

Recruit Express Pte Ltd

EA License No: 99C4599

Recruiter's Ref Code: #BJJ