AVP/VP, Corporate Banking

THE KOREA DEVELOPMENT BANK; Singapore; On-site; SGD 150,000 - 190,000; Full time

Job summary

The Korea Development Bank in Singapore seeks a seasoned Corporate Banking KYC professional to lead pre-onboarding and ongoing KYC for corporate clients. You will mentor a team of Associate Relationship Managers and drive a culture of operational excellence in line with MAS regulations.

You will collaborate with Senior RMs, Compliance and Operations to streamline workflows, develop KPIs and dashboards, and resolve complex KYC cases while ensuring accurate risk assessment and timely onboarding.

Qualifications

• Bachelor’s degree in Accountancy, Finance, Economics or Business.
• 8–12 years of Corporate Banking experience.
• Proven ability to mentor junior staff.
• Strong knowledge of Singapore Corporate Banking KYC regulations.
• Good knowledge of Corporate Banking products.
• Excellent organisational and communication skills in English.
• Strong initiative and collaboration with internal stakeholders.

Responsibilities

• Lead pre-onboarding KYC for corporate clients.
• Identify onboarding purposes and perform screening against watchlists.
• Prepare recommendation memos for onboarding considering corporate structures and ownership.
• Monitor outstanding KYC cases to ensure deal completion.
• Mentor and coach Associate Relationship Managers.
• Develop dashboards showing deal status and SLA metrics.
• Drive automation and process improvements for client service.

Skills

Interpersonal communication

Mentoring

Stakeholder management

KYC knowledge

Product knowledge

Education

Bachelor’s degree in Accountancy, Finance, Economics or Business

Job description

This role reports to the Corporate Banking HOD and is mainly responsible for

1. Performing pre-onboarding KYC on all Corporate Banking clients; and
2. Promote a culture of continuous improvement and operational excellence by mentoring a team of Associate Relationship Managers

Job Responsibilities

Customer Due Diligence (Pre-onboarding)

• Perform KYC for client pre-onboarding
• Identify the purpose of onboarding, such as business nature, financing, and transactions
• Perform screening of clients, including connected parties and beneficial owners, against blacklist and designated watch-lists; review and resolve alerts.
• Issue a recommendation memo to the Compliance Department to onboard the clients, taking into account of the corporate structures, beneficial ownership, business activities, etc
• Monitor outstanding KYC cases to ensure smooth deal completion
• Work with Senior RMs to resolve complex KYC matters

Operational Management & Dashboard

• Coach and mentor ARMs on corporate banking products, deal flow process, MAS regulations and service standards (e.g. KPIs and turnaround time)
• Conduct product and process trainings to new hires
• Promote a culture of continuous improvement and operational excellence through working with the Operations Department
• Develop a dashboard, showing i) status of current and new deals; and ii) SLA (service level adherence) e.g. turnaround time, errors, backlog, etc
• Lead initiatives to improve automation, workflow efficiency and good customer service experience

Job Requirements

• Bachelor’s degree in Accountancy, Finance, Economics or Business
• 8 to 12 years' Corporate Banking experience
• Prior experience mentoring junior staff within the same team
• Strong hands-on knowledge and experience in Singapore Corporate Banking KYC regulations. Able to handle complex KYC cases independently
• Good knowledge of Corporate Banking products
• Strong sense of responsibility and good organising skills
• Strong self-motivation, high level of initiative, supportive and collaborative
• Able to manage internal stakeholders effectively
• Good interpersonal and communication skills in English

We thank all applicants for their interest in the above new role.

Only shortlisted candidates will be notified.