3-6 Months Contract KYC Analyst #HMS

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

Job summary

A recruitment agency in Singapore is seeking a KYC Analyst for a 3-6 months contract. The ideal candidate will have in-depth knowledge of MAS Notice 626 and expertise in analyzing source of wealth and verifying funds. The role involves understanding financial products within the AML framework and is crucial for maintaining compliance in the banking sector. Interested candidates should submit their resume to the provided email address.

Responsibilities

• Analyze and validate legitimacy of client's entire accumulated wealth.
• Trace and verify origin and purpose of funds being transferred.
• Understand different financial products under AML framework.

Skills

In-depth working knowledge of MAS Notice 626

Expert ability to analyze source of wealth

Skill in verifying source of funds

Understanding of financial products and risk profiles

Job description

3-6 Months Contract KYC Analyst

$5000-$8,000

Guoco Tower

Familiar with MAS 626 – Private Banking

• MAS Guidance Mastery: In-depth working knowledge of MAS Notice 626 (AML/CFT requirements) and its associated guidelines, specifically concerning Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Source of Wealth (SoW) Corroboration: Expert ability to analyze and validate the legitimacy and path of a client's entire accumulated wealth (e.g., from business sale, inheritance, successful career). This requires understanding complex ownership structures and reading corporate documents.
• Source of Funds (SoF) Verification: Skill in tracing and verifying the origin and purpose of the specific funds being transferred to the bank, ensuring consistency with the client's profile.
• Product & Service Knowledge: Understanding how different financial products (e.g., trusts, corporate accounts, investment funds) carry different risk profiles under the AML framework.

Interested candidates, do submit your resume to: [e-mail] OR telegram @jocelynchan