Associate, Onboarding (Account Opening)

KGI Securities (Singapore) Pte. Ltd.; Singapore; On-site; SGD 60,000 - 85,000; Full time

Job summary

A leading financial services company in Singapore is seeking a Compliance Officer to oversee Customer Due Diligence (CDD) processes and enhance operational efficiencies. The ideal candidate will hold a Bachelor’s degree in Banking, Finance or Business Management along with relevant certifications and experience in the securities sector. This role demands strong analytical skills, attention to detail, and the ability to work under pressure in a dynamic environment.

Qualifications

• 3-5 years working experience in Securities/Private Banking firms.
• Experience in Corporate CDD/AML along with complex trust and fund structure.
• Proficient in Chinese for client interactions preferred.

Responsibilities

• Conduct CDD reviews, ensure compliance with regulations.
• Advise front office on CDD documentation gaps.
• Manage operations account management systems and enhance workflows.

Skills

Detail-oriented

Problem-solving

Interpersonal skills

Communication

Strong willingness to learn

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 3-5 years of working experience in Securities/ Private Banking firms.

• Minimally 3-5 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.