KYC Compliance Officer – Private Banking (12-Month Contract)

Job Summary

Our client, a global bank, seeks a KYC Compliance Officer to support Wealth Management Compliance by conducting client due diligence, assessing Source of Wealth, and reviewing complex client structures including offshore companies and trusts.

Responsibilities

• Conduct onboarding, periodic, and trigger-event KYC reviews for private banking and wealth management clients to ensure compliance with regulatory standards
• Analyze offshore entities, including British Virgin Islands (BVI) companies and trusts, to identify ownership structures, beneficial owners, and relevant trust parties
• Evaluate Source of Wealth (SoW) and Source of Funds (SoF) by verifying explanations with appropriate supporting evidence
• Perform independent research, benchmarking, and plausibility checks to validate clients’ accumulated wealth
• Identify gaps in client profiles and collaborate with Relationship Managers to obtain necessary supporting documents and clarifications
• Assess adverse media, sanctions exposure, politically exposed persons (PEPs), and other financial crime risk factors to mitigate compliance risks
• Prepare clear, concise risk-assessment reports and escalate significant concerns to relevant stakeholders promptly
• Maintain comprehensive review records and manage assigned cases to meet agreed timelines and quality standards

Required competencies and certifications

• Minimum 3 years of relevant KYC/AML experience within banking or financial services, including private banking or wealth management client reviews
• Practical experience reviewing offshore companies, including BVI entities, and trusts
• Ability to assess complex ownership structures and identify beneficial owners and relevant trust parties
• Proficiency in assessing and corroborating SoW/SoF, including evaluating wealth plausibility and supporting evidence
• Familiarity with Singapore AML/CFT regulations, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements
• Strong analytical, research, written communication, and stakeholder management skills
• Excellent attention to detail and ability to manage multiple cases within deadlines
• Willingness to undertake a 12-month contract

Preferred competencies and qualifications

• CAMS certification or an ICA compliance qualification is advantageous

Other Information

Morgan McKinley Pte Ltd

• EA Licence No.: 11C5502
• EA Registration No.: R1331697