Job Description

Client Due Diligence Specialist, COO SG (Periodic Review, Account opening)(Associate/Senior Associate) - (220001V8)
Description

This position within the Singapore COO team is responsible for supporting the onboarding of all new clients and periodic review of existing client of the bank. The successful candidate is expected to be knowledgeable in AML principles to be able to analyse situations to identify gaps and risks in KYC information and documentation, and to be able to work well within a team and yet take initiative and ownership over his/her own area of work
Client Onboarding

• Preparation of account onboarding packs
• Responsible for completing account onboarding of prospects including but not limited for individuals, corporates, trusts and financial intermediaries. This will cover preparing and checking the forms and relevant KYC documentations submission and initial assessment of name screenings & hits, taking appropriate approvals and timely submission of the case.
• Identify and highlight any potential red flags appropriately
• Liaise with relationship managers and counterparts for issues and client related deficiencies identified during the onboarding process.

Client Reviews

• Conduct AML periodic reviews of existing relationships including but not limited to higher risk relationships and financial intermediaries as per scheduling from compliance. This will cover preparing the forms, submission and initial assessment of name screenings & hits, taking appropriate approvals, uploading documents to the relevant systems and timely submission of the reviews
• Carry out name screening in accordance with bank standards. Conduct assessment on potential hits, follow compliance guidance and procedure
• Review SOW background of clients and assess in line with regulatory requirements
• Identify and escalate any suspicious activity or potential red flags appropriately
• Liaise with relationship managers for issues and deficiencies identified during review
• Represent the team in ad hoc AML related projects, initiatives and UATs

Qualifications

• A minimum 3-5 years of relevant experience in private banking or client onboarding and reviews within financial institutions is preferable
• Bachelor degree or diploma from reputable institutions
• A good understanding of AML requirements
• Excellent interpersonal, communication skills
• Meticulous, strong attention to detail
• Possess future oriented mindset, strive to innovate and adapt to changes
• Strong understanding of inter-dependencies within the team and able to collaborate effectively across departments
• Ability to thrive in a fast paced environment and remain empathetic, passionate and resilient
• Preferably CACS certified

Primary Location: Singapore
Job: Client Review
Organization: Bank of Singapore Division
Schedule: Permanent
: Full-time
Job Posting: 19-Aug-2022, 4:28:08 AM