Client Onboarding & Lifecycle Manager

Bank of Singapore, Asia’s Global Private Bank; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

The Bank of Singapore, Asia’s Global Private Bank, is seeking an experienced AML/KYC professional to lead client onboarding, ongoing due diligence and reviews in a UK Private Banking environment.

You will partner with Front Office and Compliance to ensure FCA, Money Laundering Regulations and internal policies are effectively applied, with robust SARs, red flag management and remediation when needed. The role emphasizes risk control, governance and timely escalation to senior management.

Qualifications

• 8+ years of AML/KYC experience in private banking or wealth management.
• Strong knowledge of UK financial crime regulations and FCA expectations.
• Professional qualifications such as ICA, ACAMS or equivalent advantageous.

Responsibilities

• Lead client onboarding KYC profiling and review new onboarding requests.
• Perform periodic reviews for existing clients and financial intermediaries under KYC/CDD guidelines.
• Investigate suspicious activity, monitor transactions and address red flags with remediation actions.
• Collaborate with Front Office and Compliance to ensure alignment with governance standards.

Skills

AML/KYC

Client onboarding

Regulatory compliance

Due diligence

Governance

Education

Degree in Finance/Accounting

Job description

This incumbent is responsible for client on-boarding, AML/CFT monitoring and reviews of Front Office (FO) and AML exit process. He/She will support the UK Branch in maintaining compliance with applicable regulatory requirements and internal governance standards. This includes partnering with Front Office and Compliance functions to ensure effective implementation of client onboarding, ongoing due diligence and financial crime controls in line with the expectations of the Financial Conduct Authority (FCA), Money Laundering Regulations, and relevant Group policies.

Client On-boarding

• Lead, manage and guide Private Banking clients’ account opening KYC profile in accordance with BOS’s policy and regulatory expectations.
• Ensure thorough, timely and quality review new client onboarding requests including account approval.
• Advise Front Office and other colleagues within the team on client onboarding matters including deficiencies in KYC information and documentation for onboarding.
• Perform independent and thorough review, including KYC/AML/Tax risk identification, plausibility checks as well as corroboration of clients Source of Wealth and Source of Funds.

Post-onboarding Review

• Perform periodic reviews based on our internal KYC and CDD guidelines for existing end-clients (Clients) and financial intermediaries (FIM).
• Perform independent and thorough review, including plausibility checks and corroboration of clients’ account structure, sources of wealth (SOW) and source of funds (SOF).
• Work closely with Front Office staff to ensure that source of wealth gaps or red flags uncovered during periodic reviews and/or source of wealth remediation are properly addressed and remediated within the stipulated deadline.

Transaction Review

• Organize Quarterly meetings and focus group training to align front office practices with current procedures.
• Deliver regular progress reports to senior management.
• Handle the alerts arising from the periodic screening of the Group’s customer database.
• Identifies and investigate a suspicious activity or transaction, prospect or client and make necessary recommendations to senior management.

Professional Qualification & Other Requirements

• University degree in Accountancy, Finance, Business Administration or equivalent tertiary education.
• Minimum 8 years' experience in AML/KYC, client onboarding and periodic review activities within private banking, wealth management or a regulated financial institution
• Good understanding of UK financial crime regulations, FCA expectations, JMLSG Guidance and industry best practices.
• Knowledgeable and sensitive to the risks and suspicious activities typical of Private Wealth clients.
• Experienced in investigating suspicious transactions.
• Experienced in handling operational incidents and operationalization of policies.
• Strong understanding of AML/CFT framework and respective regulations in particular of client onboarding, client reviews and transaction monitoring.
• Professional qualifications such as ICA, ACAMS or equivalent would be advantageous