1 Year Bank KYC Officer (Up to $5,000) #NJN

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading recruitment agency in Singapore is seeking candidates for a KYC compliance role on a one-year contract. Responsibilities include conducting detailed assessments, remediating KYC records, and ensuring compliance with regulatory standards set by the Monetary Authority of Singapore. The ideal candidate holds a degree in Banking & Finance, with relevant experience in the banking industry being a plus. This position offers an opportunity to collaborate with internal teams to enhance compliance efforts.

Qualifications

• Relevant prior work experience in banking industry is a plus.

Responsibilities

• Conduct detailed assessments and document client SoW for compliance with CDD procedures and regulatory standards.
• Remediate existing KYC records, identify gaps in documentation, and implement corrective actions.
• Ensure KYC performance meets standards expected by the Monetary Authority of Singapore.
• Review completeness of CDD information and perform risk assessments as needed.
• Oversee execution of client due diligence processes for high-risk clients.
• Identify and assess potential KYC-related risks and implement mitigation strategies.
• Collaborate with internal stakeholders for effective remediation execution.
• Develop and maintain remediation documentation and track outstanding SoW verifications.
• Perform data analysis to identify clients needing remediation and prioritize levels.
• Prepare reports on remediation progress for senior management.

Education

Degree in Banking & Finance or related field

Job description

Raffles Place
1 year contract

Responsibilities

• Conduct detailed assessments and clearly documenting client SoW to ensure compliance with CDD procedures and regulatory standards set by the Monetary Authority of Singapore (MAS).
• Remediate existing KYC records related to SoW, identifying gaps in documentation and implementing corrective actions to address these issues.
• Ensure performance of KYC to the standards expected by the Monetary Authority of Singapore and in accordance with the bank’s AML and KYC Policies and Procedures.
• This includes reviewing and checking for completeness of CDD information (including SOW/SOF) and supporting documentations for new and existing customers (periodic review) and performing risk assessments in line with the bank’s AML and KYC Policies and Procedures.
• Oversee the execution of client due diligence processes, ensuring thorough assessments of client risk profiles. Ensure that appropriate enhanced due diligence is performed on high-risk clients, including politically exposed persons (PEPs) and clients from high-risk jurisdictions.
• Lead the identification and assessment of potential KYC-related risks associated with new and existing clients. Implement appropriate risk mitigation strategies and elevate issues as necessary to senior management.
• Collaborate with internal stakeholders, including compliance, operations, and relationship managers, to ensure effective remediation are executed promptly.
• Develop and maintain documentation related to remediation efforts, including tracking the status of outstanding SoW verifications and resolutions.
• Perform data analysis to identify clients requiring remediation and prioritize levels.
• Prepare and submit reports on remediation progress and outcomes to senior management.

Requirements

• Degree in Banking & Finance or related field
• Relevant prior work experience in banking industry is a plus

Jessica Nguyen Huynh Thanh Truc

CEI Reg. No. R23113787

EA License No. 99C4599

We regret that only shortlisted candidates will be notified.