AML (KYC/CDD) Compliance Officer

P.T. BANK NEGARA INDONESIA (PERSERO) TBK; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading bank in Singapore is seeking a compliance officer to engage customer-facing units on KYC/CDD reviews. The ideal candidate has a Bachelor's degree and 3-4 years of relevant experience. Strong research, analytical, and communication skills are essential for success in this role, along with familiarity with MAS AML guidelines.

Qualifications

• Minimum 3-4 years of relevant KYC/CDD compliance experience.
• Familiar with MAS AML Notices and Guidelines.
• Candidates with relevant ICA or ACAMS qualifications are a plus.

Responsibilities

• Engage with customer-facing departments on KYC/CDD reviews.
• Review and assess onboarding and compliance submissions.
• Advise Makers on adherence to AML policies.

Skills

Research skills

Analytical skills

Interpersonal skills

Logical thinking

Education

Bachelor's Degree

Job description

Roles and Responsibilities

1. Engage customer-facing Departments / Business Units on their onboarding, periodic, triggered KYC / CDD reviews of their customers i.e. from Retail Banking (Individuals and Entities), Corporate Banking including Loan Syndication, Financial Institutions, Custodian Services and Priority Banking/Wealth Management (High Net Worth).
2. Act as KYC/CDD Checker and independently review and assess Makers’ (from Business Units) submissions of onboarding, periodic and triggered KYC / CDD reviews, against the Branch AML Policy & Procedure (P&P) requirements and provide approval/concurrence.
3. Advise and provide guidance to Maker in adhering to the Branch AML P&P requirements.
4. Monitor the Departments’ onboarding/periodic/triggered KYC/CDD reviews status and report to AML Supervisor, Department Head and Branch Management.
5. Monitor Departments’ AML compliance standards and elevate to AML Supervisor and Department Head on any identified issue(s).
6. Conduct relevant Monitoring and Testing in AML areas, in accordance with Annual Branch Compliance Testing/Monitoring Policy and Plan.
7. Upload names and clear triggered hits in AML screening systems.
8. Maintain the internal Branch Watchlists in various AML screening systems.
9. Draft STR filing, where required, and seek internal approval.
10. Any other matters as assigned by AML Supervisor and Department Head.

Pre-requisite Requirements

1. A Bachelor’s Degree.
2. Minimum 3-4 years of relevant KYC/CDD compliance experience, preferably worked or is working in Compliance Department in Banks.
3. Familiar with the MAS AML Notices and Guidelines applicable to a Full Bank licensed in Singapore, ACIP Industry Guidance Papers.
4. Candidates with relevant ICA or ACAMS qualifications would be advantageous.
5. Able to read and write reasonably well, with strong research and analytical skills.
6. Able to think logically and work well independently with limited guidance and tight timelines.
7. Able to prioritize and multi-task, handle ad-hoc projects as and when required.
8. Motivated and possess self-initiative to learn and work with other stakeholders.
9. A strong team player with excellent inter-personal and communication skills and is comfortable engaging with senior stakeholders/external parties.