A leading international bank is seeking a skilled and experienced individual in their compliance department. You will be responsible for conducting due diligence reviews for new and existing accounts, managing periodic customer reviews in accordance to regulation, adhering to compliance standards. (end to end compliance lifecycle in both L1 and L2 LOD)
Responsibilities:
- Conduct comprehensive Customer Due Diligence (CDD) and documentation reviews for the onboarding of new clients and periodic account reviews.
- Ensure strict adherence to Group and local policies, procedures, and MAS regulations during the due diligence process for both new account openings and existing client accounts.
- Collaborate closely with relevant business teams and key stakeholders to address any CDD deficiencies required for client acceptance.
- Contribute to the execution excellence of the Bank’s account opening review process while maintaining compliance with regulatory requirements, ensuring prompt turnaround time to open accounts.
- Maintain and update relevant internal policies and procedures to align with regulatory changes.
- Undertake other relevant ad-hoc tasks as assigned
- Stay abreast of changes in regulations related to anti-money laundering (AML) and source of wealth requirements. - for private banking only
Requirements:
- Bachelor’s degree, ideally in business, accounting, or related banking disciplines.
- Minimum of 5 years' relevant experience in customer due diligence review, preferably within the corporate banking or private banking segment.
- Strong knowledge of Microsoft Office applications, especially in Word, Excel, and PowerPoint.
- Solid understanding of customer due diligence requirements and Anti-Money Laundering/Countering the Financing of Terrorism regulations.
- ACAMS qualification or Graduate Diploma in Compliance or AML is preferred but not compulsory.
