KYC/AML Specialist

In this role, you will support a MNC Bank with the following repsonsiblities:

• Perform KYC reviews and ensure documentation comply with local regulation and Company standards KYC reviews (Scheduled & Unscheduled Reviews for Client types across varied risk classes) including monitoring and tracking of KYC records, assisting with the development and execution of action plan for expiring records, and ensuring records are not past due

• Any suspicious product usage from AML perspective gets highlighted to senior management for further reviews promptly

• Assist Company on KYC efforts in accordance to the CBSU AML KYC Ops procedures

• Determining if the accounts are in scope

• Client Identification, Verification and Screening

• Information such as customer’s address, employment (including employer), connectivity to PEP/SPF (Sanctions Screening), will be validated and confirmed. These will be validated based on existing information available or through approved third party sites. Based on the results, enhanced due diligence checks will be performed which include negative news and social media checks

• Partner with internal units to ensure adequate due diligence process is carried out for customer accounts and documentation reviews

• Send the requests to Outreach/RM for accounts where information is required to complete the review

• Ensure to maintain quality standards (90% and above) for the KYC reviews undertaken

• Ensure any tech issue/procedural clarifications gets highlighted to managers for further review and guidance

• Ensure to get Quality Control (QC) review done on files prior to submission and respond/correct any discrepancies identified during QC reviews

• Submit record for Business Approval once review is complete and respond/correct any discrepancies identified during BA reviews

• Has experience in calling customers as there is a probability that you might reach out to customers

As a successful candidate, you’d ideally have the following skills and exposure:

For Maker
• 1 to 3 years of relevant experience preferred
• Has AML experience/background
• Multilingual is an advantage (Mandarin, Cantonese etc.)

For Checker
• 5 - 8 years relevant experience in KYC/AML/Due Diligence or has banking experience is Preferred
• Knowledge of AML/KYC policies including bank systems, applications and due diligence processes
• Subject Matter Expert
• Strong analytical and comprehension skills with the ability to analyze and document large amounts of data
• Strong documentation skills to clearly articulate disposition
• Adherence to controls and compliance standards
• Detailed, well-organized, self-starter and capable of working under minimum supervision
• Able to multitask and meet deadlines in a high-pressure environment
• Effective verbal and written communication skills
• Strong interpersonal skills and results-oriented team player

Education:
• Bachelor's degree/University degree or equivalent experience

The work location is at CBP