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 financial institution in Singapore seeks a KYC/CDD Compliance Officer to manage customer compliance reviews and guide departments. The ideal candidate has a Bachelor's degree, 3-4 years of relevant experience, and strong analytical skills. This role requires effective communication with senior stakeholders and adherence to AML policies.

Qualifications

• Minimum 3-4 years of relevant KYC/CDD compliance experience, preferably in banks.
• Familiarity with MAS AML Notices and Guidelines applicable in Singapore.
• Candidates with ICA or ACAMS qualifications are advantageous.

Responsibilities

• Engage with customer-facing Departments on KYC/CDD reviews.
• Monitor Departments' onboarding/periodic reviews status.
• Conduct Monitoring and Testing in AML areas as per compliance plans.

Skills

KYC/CDD compliance experience

Research and analytical skills

Interpersonal and communication skills

Ability to work independently

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.