Job Description

Job Summary

• Singapore
• Permanent
• BBBH827043
• Aug 31, 2022
• Competitive

Morgan McKinley is working in partnership with a Global Bank who is well known for their top tier Investment Banking & Wealth Management services. They are one of the well-recognized tier one houses.

The Singapore team is looking for a VP hire to join their KYC department in Singapore. Reporting to the Head of Department, you will be managing a sizeable team of analysts and associates, with key responsibilities of KYC review, names screening and static data. As the lead, you will also be facing off the business, auditors and regulatory representatives on KYC matters.

Role and responsibilities

• Understanding of overall and specific risks within the process, controls available to mitigate such risks and open risks, in supporting the business. Document the open risks, assess magnitude and formulate actions. Ensure risks, controls, procedures and enhancements are documented / updated appropriately and sit within the remit of applicable policies. Encourage transparency within the onshore and offshore teams in highlighting and escalating gaps / issues / outliers.
• Able to provide the leadership to the team for running the on-boarding or rolling review process on a timely manner or ahead of schedule.
• Able to provide proper guidance to the team on required standard and ensure delivery of quality review without major defects.
• All existing clients KYC is refreshed on periodic basis and necessary escalation is performed.
• Ensure client information and documents are validated & updated correctly on the systems for seamless feed to other internal systems and reporting (Internal, regulatory etc.).
• To monitor and manage the new accounts in the pipeline based on priority / agreed SLA; and rolling review accounts in the pipeline without overdue.
• Ensure client classification is applied in accordance with the prevailing rules and regulations in Hong Kong and Singapore.
• Continuously work with FCC, Compliance, Legal, Business on completing KYC and client information updates.
• Identify system / process enhancement focusing on controls and efficiency and work with different stakeholders to implement.
• Face Internal & external Auditors or regulators and have good understanding of process to provide process walkthrough and samples.

Key requirements

• Minimally 5 years of KYC checker experience performing hands on task related to KYC and documents i.e update system with relevant details, perform checks, validate & upload documents.
• Minimally 3 years of experience in leading a team for running the BAU KYC processes
• Relevant experience in compliance, risk management or operations with an investment bank or financial services firm for Wealth Management business
• Experienced in KYC requirements as suggested by MAS and other major Asia regulators
• Able to handle reasoning and justification on KYC matters to AML Compliance and Legal teams
• Have a good understanding about the tax implication when on-boarding a new clients or perform a support of change in circumstance.
• Ability to understand different risk types associated with Clients (Individuals, Private companies, corporation)
• Strong skills in documenting & storing exceptions and approvals
• Flexible and quick to adopt change in policies, systems and requirements
• Has intermediate knowledge on MS Excel (Formulas, Pivot and Vlookups, etc.) and MS Power points
• Knowledge and experience on Robotics (e.g. UiPath) and Data Visualization Tool (e.g. PowerBI) is a plus
• Ability to work with minimal supervision, oversight and with cross region teams
• Accuracy, attention to details to avoid errors

Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Pte Ltd, EA License No: 11C5502

Lee Boon Hou (Hagen), Registration No: R1870932

hlee@morganmckinley.com