Assistant Vice President, KYC Customer Due Diligence, Periodic Review

SMBC Group; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

SMBC Group Singapore is seeking an AML/KYC professional to perform due diligence checks for deal teams and KYC reviews for existing clients. You will help troubleshoot document procurement, draw ownership and transaction structures, and ensure KYCs meet regulatory and internal standards.

The role requires experience with AML/KYC regulations, meticulous risk assessment, and strong communication to coordinate with internal teams and clients. This is a full-time, on-site position in Singapore.

Qualifications

• Bachelor’s Degree with experience in corporate/ project finance KYCs preferred.
• AML certifications would be an added advantage.
• Familiar with regulatory requirements pertaining to KYC/ AML (e.g., MAS Notice 626).
• Meticulous, proactive, organized and motivated.
• Team player who can multi-task and prioritize work.
• Good interpersonal skills and communicate effectively with internal and possibly external customers.
• Proficient in MS Office and internet search tools.

Responsibilities

• Perform preliminary due diligence checks for deal teams and KYC reviews for clients.
• Engage with deal teams to understand and troubleshoot document procurement issues.
• Draw ownership, transaction, and funds flow structures from client documents.
• Review KYCs for completeness and regulatory/internal certification requirements.
• Conduct due diligence checks on clients across external and internal platforms.
• Provide mitigations and risk assessments; validate data inputs on eKYC and documents.
• Raise handling memos; perform risk assessments for trigger events and new facilities.
• Raise memo for deferred completion of KYC for advisory transactions.
• Conduct annual KYC/triggers reviews within due dates with minimal rework.
• Review daily AML alerts and ensure timely closure.
• Support other AML/KYC matters for reports/projects/duties.

Skills

Meticulous

Proactive

Organized

Team player

Interpersonal skills

Multi-tasking

Prioritize work

Effective communication

Education

Bachelor’s Degree in corporate/project finance KYCs

AML certifications (preferred)

Familiar with MAS Notice 626 / regulatory KYC AML requirements

Job description

• Perform preliminary due diligence checks for deal teams for new potential deals and/ or conduct KYC reviews for existing clients.
• Engage in discussions with deal teams to understand and help to troubleshoot on issues that may arise during the document procurement process.
• Drawing up ownership structures, transaction structures and funds flow structures from documents provided by clients.
• Review and ensure documents collected for KYCs are complete and properly certified in accordance with regulatory and internal requirements.
• Perform various due diligence checks on clients on external and internal platforms and databases.
• In addition to providing adequate mitigations and thorough risk assessments, ensure accurate data inputs on eKYC and conduct independent validation on documents provided by clients.
• Raise exceptional handling memos where required. Conduct risk assessments to address on trigger events and/or adverse news (among others) as well as memos for existing clients applying for new facilities.
• Raise preliminary assessment memo for deferred completion of KYC for advisory transactions.
• Conduct annual KYC reviews/ trigger reviews within stipulated due dates and with minimal reworks.
• Review daily AML alerts escalated to the department and ensure prompt and timely closure of alerts.
• Provide support on other AML/ KYC related matters as may be required for any other reports/ projects/duties as well.

Job Responsibilities:

• Perform preliminary due diligence checks for deal teams for new potential deals and/ or conduct KYC reviews for existing clients.
• Engage in discussions with deal teams to understand and help to troubleshoot on issues that may arise during the document procurement process.
• Drawing up ownership structures, transaction structures and funds flow structures from documents provided by clients.
• Review and ensure documents collected for KYCs are complete and properly certified in accordance with regulatory and internal requirements.
• Perform various due diligence checks on clients on external and internal platforms and databases.
• In addition to providing adequate mitigations and thorough risk assessments, ensure accurate data inputs on eKYC and conduct independent validation on documents provided by clients.
• Raise exceptional handling memos where required. Conduct risk assessments to address on trigger events and/or adverse news (among others) as well as memos for existing clients applying for new facilities.
• Raise preliminary assessment memo for deferred completion of KYC for advisory transactions.
• Conduct annual KYC reviews/ trigger reviews within stipulated due dates and with minimal reworks.
• Review daily AML alerts escalated to the department and ensure prompt and timely closure of alerts.
• Provide support on other AML/ KYC related matters as may be required for any other reports/ projects/duties as well.

Job Requirements:

• Bachelor’s Degree with experience in corporate/ project finance KYCs preferred.
• Certifications in AML would be an added advantage.
• Familiar with regulatory requirements pertaining to KYC/ AML eg MAS Notice 626.
• Meticulous, proactive, organized and motivated.
• Team player who is able to multi-task and prioritize work.
• Possess good interpersonal skills and communicate effectively with internal and possibly external customers.
• Proficient in Microsoft Office applications and internet search tools.

This position requires the individual to work independently as part of a team to perform AML/KYC Due Diligence and periodic reviews on a portfolio of existing institutional and corporate clients.

The role requires the individual to assess and analyse AML/KYC risks from a technical and risk-based perspective, identify potential risks and determinie appropriate due diligence measures in accordance with the Bank's AML/KYC policies and regulatory requirements.