A regional bank is looking for AML/KYC Compliance Officers to support its Private Banking business. The role covers client onboarding, transaction monitoring, name screening, AML investigations and broader AML compliance matters.
Responsibilities:
- Review client onboarding and periodic reviews, including CDD, EDD, Source of Wealth (SOW) and Source of Funds (SOF) assessments.
- Assess high-risk and complex client profiles, including beneficial ownership, PEP, adverse media and sanctions risks.
- Investigate transaction-monitoring alerts and escalate suspicious activities for STR filing where required.
- Review name-screening alerts relating to sanctions, PEPs and adverse media.
- Prepare and validate client information for FATCA and CRS reporting.
- Support AML systems, EWRA exercises and enhancements to AML controls.
- Maintain AML/CFT policies and procedures in accordance with MAS Notice 626 and Head Office requirements.
- Support regulatory submissions, audits, inspections and compliance reviews.
- Provide AML/CFT advisory and training to business units and employees.
- Monitor regulatory developments and implement necessary control enhancements.
- Perform other duties assigned by the Head or Deputy Head of Legal and Compliance.
Requirements:
- Degree holder with 3 to 5 years of AML/KYC compliance experience in a bank and/or Big Four accounting firm.
- Private Banking experience would be advantageous.
- Experience in client onboarding, CDD/EDD, SOW/SOF assessment, transaction monitoring or sanctions screening.
- Good understanding of MAS AML/CFT requirements, including MAS Notice 626.
- Strong analytical, investigative, problem-solving and communication skills.
- Able to work independently and collaboratively within a team
Candidates who meet the above requirements are welcome to submit their updated CV for a confidential discussion.
Claire Ang
R22109899
EA License: 22S1193
