Assistant Vice President, Transaction Clearing Team

SUMITOMO MITSUI BANKING CORPORATION Singapore Branch; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading banking institution in Singapore is seeking a qualified professional to support KYC activities and drive AML process improvements. The role involves conducting name screening checks, liaising with customers and departments, managing team members, and supporting the Team Lead in standardizing procedures. The ideal candidate will have a Bachelor’s degree, 5-7 years of experience in the banking industry, and strong analytical and communication skills.

Qualifications

• 5 to 7 years of equivalent relevant experience within the banking industry.
• Knowledge of regulatory compliance requirements, broad knowledge of AML including KYC and sanctions.
• Experience with procedure establishment and / or streamlining of AML processes.

Responsibilities

• Conduct name screening checks against Sanctions list and Politically Exposed Person list.
• Contact customers and liaise with relevant departments to resolve operational matters.
• Support the team at Approver level to prevent information leakage.
• Identify gaps in the current workflow and drive process improvements.
• Coordinate and prepare management information reporting data as required.
• Assist in managing the team members, guiding them on specific work processes.
• Support the Team Lead in standardizing AML related procedures.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s degree from a recognised university

Job description

Responsibilities

• Conduct name screening checks against Sanctions list, Politically Exposed Person list, Internal Blacklist and Adverse News to support transaction clearing and KYC activities.
• Contact customers, liaise with relevant departments like compliance or operation teams to resolve operational matters in relation to the flagged transactions.
• Support the team at Approver level to prevent information leakage.
• Identify gaps in the current workflow and drive process improvements involving technical solutions.
• Coordinate and / or prepare the required management information reporting data as required.
• Assist in managing the team members, guiding, and training them on specific work processes.
• Support the Team Lead in standardizing AML related procedures for front offices and quality assurance checks.

Requirements

• Bachelor’s degree from a recognised university.
• 5 to 7 years of equivalent relevant experience within the banking industry.
• Knowledge of regulatory compliance requirements, broad knowledge of AML including KYC and sanctions.
• Meticulous and possess good analytical and problem-solving skills.
• Experience with procedure establishment and / or streamlining of AML processes.
• Excellent written and verbal communication skills.