Assistant VP (KYC Analytics) - Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation in Singapore is seeking a detail-oriented KYC/AML Compliance professional to support deal teams through due diligence and document procurement for new and existing clients.

You will review KYC documentation, perform risk assessments and ensure regulatory compliance, with emphasis on MAS Notice 626. Strong communication and team collaboration are essential in this role.

Qualifications

• Bachelor's degree required with experience in corporate/project finance KYCs preferred.
• Certifications in AML 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 effective communication with internal and possibly external customers.
• Proficient in Microsoft Office applications and internet search tools.

Responsibilities

• Perform preliminary due diligence checks for deal teams for new potential deals and/or conduct KYC reviews for existing clients.
• Engage with deal teams to understand and troubleshoot issues in document procurement.
• Draw ownership, transaction and funds flow structures from client documents.
• Review documents for KYCs for completeness and proper certification.
• Perform due diligence checks on clients using external and internal platforms and databases.
• Ensure accurate data inputs on eKYC and validate client documents independently.

Skills

KYC

AML

Due diligence

Regulatory knowledge

Communication

Education

Bachelor's Degree

Tools

Microsoft Office

Internet search

Job description

J 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.

J ob 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.

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