3-6 Months KYC Analyst (Private Banking) #EEF

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A recruitment agency in Singapore is seeking a professional with expertise in AML/CFT requirements. The candidate will analyze and validate sources of wealth and funds, ensuring compliance with regulatory frameworks. Strong knowledge of financial products and their risk profiles is essential. The role involves complex analysis and attention to detail.

Qualifications

• In-depth working knowledge of AML/CFT requirements.
• Expert ability to analyze client's accumulated wealth.
• Skill in tracing and verifying fund origins.
• Understanding of risk profiles of financial products.

Skills

MAS Notice 626 Knowledge

Source of Wealth Analysis

Source of Funds Verification

Financial Product Knowledge

Job description

• 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.

Elsa Fontanne (CEI No. R24124496)

Email Address: [e-mail]

Recruitment Consultant

Recruit Express Pte Ltd / EA Licence No: 99C4599

We regret only shortlisted candidates will be contacted