Change-in-Circumstances Review compliance Officer
Contract
Client Management (internal & external)
· Build strong relationships with key stakeholders such as Front Office, Legal, Compliance and Risk Management teams.
· Perform KYC plausibility checks and assess any AML/KYC risk, review and approve any change in circumstances (CiC) for Standard and Medium Risk client relationships booked
· Review and disposition of hits adequately documented. Promptly escalate all true and potential hits within the required timeline.
· Ensure quality service is provided to internal clients
· Support the Senior Management in ensuring compliance with external and internal Regulations and thus actively manage operational, regulatory and reputational risks.
· Check quality of submission for name screening for new partners resulting from CiC and where required, request further information from Front office
Business Management
- Review and assess the risk of opaque legal structures identified during CiC
- Address Sanction true matches, as well as true matches for other AML/CFT risks identified during the Bank’s Name Screening processes.
- Review and approve any change in circumstances for Standard and Medium Risk client relationships and ensure compliance with the Bank’s policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate risks (legal, regulatory and/or reputational) for the Bank
- Review and assess the plausibility of change in circumstances submitted by the Front for existing clients
- Provide advice to Front employees on KYC/CDD- related matters
- Strong commitment to quality service and a desire to drive continuous process improvement initiatives
- Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship.
Regulatory Responsibilities &/OR Risk Management
- Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
- Ensure that KYC/CDD issues are properly identified, assessed and documented.
- Ensure that where KYC/CDD measures cannot be completed there is timely escalation to AML Controls, where suspicious activities conduct is also noted.
- Ensure adherence to relevant regulatory laws, compliance policies and procedures when performing quality review
- Work with Compliance and other stakeholders
- Ensure timely assistance and cooperation is rendered to MAS’ and law enforcements’ requests for information.
Requirements
· At least 3-5 years’ experience in either KYC/AML-related role, preferably in Private Banking
· A good degree and understanding of the Private Banking and Wealth Management industry
· Strong knowledge of the MAS 626 Notice & Guidelines
· A good degree and understanding of the private banking industry and or trust company.
· Experience in preparing reports and excellent excel skills
Salary: $3800 - $4500
Location: East
Working hours: office hours
Please state your availability, current and expected salary in the resume.
Qualified or interested candidates, please visit our GMP website at www.gmprecruit.com/current_jobs/posting.aspx to apply for this position with GMP Job Code: 24132
Tel: 6233 0450
WA: 8755-5290
We regret that only shortlisted candidates will be notified.
GMP Technologies (S) Pte Ltd | EA Licence: 11C3793 | Bryan Huang | Registration No: R22104680
