Job Description
Responsible for the compliance of AML/CFT, Data Protection and Complaint matters of Private Banking Departments:
1. Conduct client on-boarding due diligence assessment and verification of on-boarding documents.
2. Conduct periodic KYC review and trigger KYC review of existing clients.
3. Review on-going screening hits and financial in/out flow of accounts.
4. Review client instruction to update non-financial related information or to request for additional services.
5 Attend to requests or queries from PB front office, Legal and Compliance Department, Internal Auditors and External Auditors on business compliance related matters.
6. Handle client complaints, data protection reporting and other regulatory related reporting to the 2nd line departments.
7.Maintain up to date PB procedures, forms and templates related to business compliance functions.
8. Conduct quarterly AML training and new staff training.
Job Requirements
1. 3-5 years relevant experience in AML/KYC compliance functions in Private banking or wealth management industry.
2. Familiar with local and international regulations related to compliance functions (e.g. MAS Notice 626, CRS, PDPA, PB Code of Conduct and MAS Guidelines on PB Controls).
3. Experience in complaint handling, review of counterparties and investment suitability framework is good to have.
