Compliance Officer (KYC)

About the Opportunity

Our client is an established Asian bank with a growing presence in the region. They are looking for a Compliance Specialist to join their Compliance Department, supporting the KYC/CDD function.

This role will focus on reviewing higher-risk client relationships, providing KYC/CDD advisory to the business, and ensuring that client onboarding and ongoing reviews are conducted in line with regulatory and internal requirements.

Key Responsibilities

• Conduct KYC/CDD reviews for new and existing high-risk clients, ensuring compliance with the Bank’s internal policies, procedures and applicable MAS requirements, including MAS Notice 626 and relevant guidelines.
• Assess client profiles and identify potential money laundering, terrorism financing, proliferation financing and reputational risks arising from client relationships.
• Review and evaluate Source of Wealth (SoW) information, including the adequacy of supporting documentation and corroboration provided by the Front Office.
• Ensure appropriate KYC/CDD documentation and supporting evidence are obtained, properly recorded and maintained, and prepare relevant compliance reports.
• Work closely with Front Office and other Business Units to provide KYC/CDD advisory, including matters relating to FATCA and CRS.
• Identify and assess potentially suspicious activities or transactions arising during KYC reviews and support the timely escalation and reporting of suspicious transactions where required.
• Support the preparation of daily and monthly AML-related reports, as well as monitoring KYC review completion, transaction history reports and CDD tracking.
• Assist in delivering KYC/CDD briefings and training to relevant Business Units.
• Support internal and external audit requirements, including document retrieval, information requests and preparation of relevant statistics or reports.
• Keep abreast of developments relating to AML/CFT, sanctions, financial crime risks, regulatory requirements, industry practices, criminal typologies and emerging trends.
• Identify opportunities to enhance existing KYC/CDD processes and controls and contribute to compliance-related improvement initiatives.
• Undertake other compliance-related or ad hoc responsibilities as required.

Requirements

• Degree or relevant tertiary qualification, with at least 3 years of total experience in the financial services industry.
• Minimum 2 years of relevant experience in AML, KYC and/or CDD.
• Good working knowledge of MAS regulatory requirements, particularly MAS Notice 626 and the relevant guidelines and industry best practices.
• Knowledge and exposure to sanctions, financial crime investigations and AML/CFT requirements.
• Strong research, analytical and assessment skills, with a meticulous approach to reviewing client information and preparing quality reports.
• Able to manage multiple priorities effectively and deliver work within established deadlines.
• Good written and verbal communication skills, with the ability to engage effectively with Business Units and internal stakeholders.
• A proactive, diligent and resilient team player who is able to work independently and take ownership of assigned responsibilities.
• ACAMS or ICA certification would be an advantage.
• Candidates with relevant KYC/CDD, AML, sanctions or financial crime compliance experience within a banking or financial services environment are encouraged to apply.

Ready to make an impact? We’d love to hear from you! Apply today by sending your resume to [email protected] or click apply now!

**We regret to inform that only shortlisted candidates would be notified

Talentvis Singapore Pte Ltd | EA License No: 04C3537

EA Personnel Name: Sherwin Wong | EA Personnel No: R1770151