Associate, Onboarding (Account Opening)

KGI Securities (Singapore) Pte. Ltd.; Singapore; On-site; SGD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented Compliance Analyst to join their dynamic team. This role involves conducting thorough Customer Due Diligence (CDD) reviews and ensuring compliance with regulatory standards. You'll be responsible for enhancing workflows, managing account operations, and collaborating with various teams to drive efficiency. Ideal candidates will possess a strong background in finance or banking, alongside excellent communication and problem-solving skills. If you're eager to contribute to a fast-paced environment and make a significant impact, this opportunity is perfect for you.

Qualifications

• 2+ years of experience in Corporate CDD/AML, with knowledge of complex trust structures.
• Strong communication and problem-solving skills to liaise with clients.

Responsibilities

• Conduct CDD reviews and ensure compliance with procedural standards.
• Maintain databases for FATCA and CRS reporting, and improve onboarding workflows.

Skills

Customer Due Diligence (CDD)

Enhanced Customer Due Diligence (ECDD)

Sanctions Screening

Politically Exposed Person (PEP) Screening

Problem-Solving Skills

Communication Skills

Interpersonal Skills

Detail-Oriented

Multi-tasking

Ability to Work Under Pressure

Education

Bachelor’s degree in Banking/Finance/Business Management

Certification in ACAMS or ICA

Tools

MS Excel

Job description

Responsibilities:

• Review account opening for both individual and entity.
• Conduct periodic Customer Due Diligence (CDD) reviews of existing clients, perform Enhanced Customer Due Diligence (ECDD) and ensure overall compliance with procedural standards.
• Perform screenings, including Sanctions, Politically Exposed Person (PEP) and adverse media/ negative news screening.
• Perform background screening of counterparties and employees.
• Advise and coordinate with front office on the CDD requirements by identifying gaps in the CDD documentation.
• Assist in maintenance of database for annual Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) reporting.
• Perform continuous review and improvement of the onboarding workflow and process, as well as update the Policy & Procedure Manuals (PPM) accordingly.
• Responsible for Operations Account Management systems’ projects, enhancement and automation.
• Assist in retrieval of signature via shared drive and provide support to other teams regarding updates.
• Submit invoices.
• Prepare Letter of Offer and Closure letter.
• Perform static data maintenance, inclusive of:

1. Product static data, FX rate and NAV maintenance

2. Mutual fund order coordination

3. Daily/ monthly statements process

• Any other ad-hoc duties assigned, including monthly/ quarterly reporting.

Requirements:

• Bachelor’s degree in Banking/ Finance/ Business Management as well as certification in ACAMS or ICA.
• Preferably 2 years of working experience in Securities/ Private Banking firms.
• Minimally 2 years of experience in Corporate CDD/AML, preferably with relevant experience in reviewing complex trust structure and complex fund investment.
• Able to work independently in a fast-paced and challenging environment, determine priorities and meet deadlines.
• Able to work under pressure.
• A detail-oriented person with the ability to multi-task.
• Strong communication, interpersonal and problem-solving skills.
• Strong willingness to learn, collaborate and contribute to team efforts.
• Proficiency in MS excel, including vlookup.
• Preferably proficient in Chinese language to liaise with Chinese-speaking clients.