The Job
This position within the Client Onboarding Life Cycle Management is responsible for supporting the Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for existing clients.
- Understanding of Source of Wealth/ Funds Corroboration.
- Take ownership in ensure a comprehensive, prompt, and high-quality review of client source of wealth and provide guidance to the front office and team colleagues on issues, addressing deficiencies in KYC information and documentation.
- 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
- Conduct independent and meticulous reviews, incorporating plausibility checks and validation of Clients' Source of Wealth and source of funds
- 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 Compliance where required.
- Collaborate with auditors and relevant stakeholders on audit and assurance-related matters.
- Coordination and collation of CDD related MIS.
The Talent
- At least 2 - 3 years of experience in AML or Source of Wealth (SoW) experience for Client Onboarding and Periodic Reviews.
- Experience in corporate or private banking is highly preferred.
- 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.
- Good written and proficient oral communication skills in both English is a must.
- Investigative mindset, innate professional scepticism, and ability to carry out plausibility testing.
- Familiar with Excel and preparation of statistics for reporting.
Next Step
- Drop your resume and contact us to follow-up, or send your resume to [email protected]
- Email Topic: KYC Analyst – SoW (Bank | AML)
- Only shortlisted candidates will be contacted
Isaac Tan Yang En
EA Licence No: 91C2918
Personnel Registration No: R24123927
