AVP, BCAPD FCMO - KYC CDD Onboarding

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

Job summary

SMBC Singapore seeks an experienced AML/KYC Analyst to support the deal teams with due diligence and risk assessment. You will review client documents, ensure compliance with regulatory requirements, and raise risk notices for new facilities.

The role requires a Bachelor’s degree and familiarity with KYC/AML regulations; AML certifications are a plus. Strong communication and multitasking abilities are essential for collaborating with internal teams and clients.

Qualifications

• Degree in a relevant field with familiarity to KYC/AML regulatory requirements.
• AML certifications are advantageous.
• Knowledge of MAS Notice 626 and related regulatory guidelines.

Responsibilities

• Perform preliminary due diligence checks for deal teams on new potential deals.
• Review and ensure KYC documents are complete and properly certified.
• Conduct risk assessments and reviews on clients and trigger events.
• Raise memos and escalate AML/KYC issues as needed and ensure timely closures.

Skills

KYC/AML knowledge

Regulatory compliance

Due diligence

Microsoft Office

Interpersonal communication

Education

Bachelor’s degree (KYC/AML or related)

Job description

SMBC first opened its doors for business in Singapore in 1963. The Singapore branch was established as our hub in Asia Pacific outside of Japan in 2008 to support the growth and expansion of our customers in and across the region.

SMBC Singapore provides a comprehensive range of wholesale banking solutions as a full commercial bank in Singapore.

In 2023, we are honored to celebrate 60 years of business excellence in Singapore, the heart of our business in Asia Pacific. We continue to embark on our journey with our stakeholders towards a sustainable future.

Responsibilities

• Perform preliminary due diligence checks for deal teams for new potential deals.
• 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.

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.