Job Description

Client Due Diligence Remediation Specialist, COO SG (Associate/Senior Associate) - (220001Q9)
Description

This position within the Singapore COO team is responsible for supporting our Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for our existing clients. The successful candidate is expected to be knowledgeable in CDD/AML principles to be able to analyse and identify gaps and risks in the existing KYC and Source of Wealth (SoW) information, and to be able to work well within a team while taking initiative and ownership over his/her own area of work.
Main Duties

• Accurately identify gaps (if any) in client's source of wealth and assess the plausibility in line with MAS and the Bank’s expectations.
• Perform detailed calculations to support the client's source of wealth journey, i.e accumulation of wealth over time.
• Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
• Assist relationship managers to succinctly translate the SoW information into a professional and quality write up.
• Report to the SoW remediation team lead for completion progress on a regular basis and escalate issues to Business Compliance Managers or Compliance where required
• Coordination and collation of CDD related MIS.

Qualifications

Work Experience Requirements

• At least 4 - 8 years of experience in AML and Source of Wealth (SoW) experience for Client Onboarding and Periodic Reviews in a private banking environment.
• Knowledgeable and sensitive to the risks involved AML risks of private banking clients.
• Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
• Familiar with excel and preparation of statistics for reporting.

Education Requirements

• Diploma/ Degree holder
• ACAMs or ICA would be preferred

Primary Location: Singapore
Job: Client On-boarding
Organization: Bank of Singapore Division
Schedule: Permanent
: Full-time
Job Posting: 07-Aug-2022, 10:53:54 PM