Bank KYC Analyst (Hybrid)

PERSOL; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A recruitment agency in Singapore is seeking a KYC Compliance Analyst to perform detailed KYC reviews and ensure adherence to regulatory standards. The successful candidate will have a background in Anti-Money Laundering and possess strong communication skills. Responsibilities include client verification and maintaining quality in KYC processes. The role requires a Bachelor's degree and 1 to 3 years of relevant experience.

Qualifications

• 1 to 3 years of relevant experience preferred.
• Experience in Anti-Money Laundering is advantageous.
• Ability to communicate with HK/Chinese stakeholders.

Responsibilities

• Conduct KYC reviews and ensure compliance with regulations.
• Report suspicious product usage to senior management.
• Collaborate with internal units for due diligence.
• Maintain quality standards for KYC reviews.

Skills

KYC reviews

Anti-Money Laundering (AML)

Client Identification

Verifications and Screening

Customer interaction skills

Education

Bachelor's degree or equivalent experience

Job description

Responsibilities:

• Perform KYC reviews and ensure documentation comply with local regulation and the bank's standards KYC reviews (Scheduled & Unscheduled Reviews for Client types across varied risk classes) including monitoring and tracking of KYC records, assisting with the development and execution of action plan for expiring records, and ensuring records are not past due.

• Any suspicious product usage from AML perspective gets highlighted to senior management for further reviews promptly.

• Assist the bank on KYC efforts in accordance with the AML/KYC Ops procedures.

• Determining if the accounts are in scope.

• Client Identification, Verification and Screening.

• Information such as customer’s address, employment (including employer), connectivity to PEP/SPF (Sanctions Screening), will be validated and confirmed. These will be validated based on existing information available or through approved third party sites. Based on the results, enhanced due diligence checks will be performed which include negative news and social media checks.

• Partner with internal units to ensure adequate due diligence process is carried out for customer accounts and documentation reviews.

• Send the requests to Outreach/RM for accounts where information is required to completethe review.

• Ensure to maintain quality standards (90% and above) for the KYC reviews undertaken.

• Ensure any tech issue/procedural clarifications gets highlighted to managers for further review and guidance.

• Ensure to get Quality Control (QC) review done on files prior to submission and respond/correct any discrepancies identified during QC reviews.

• Submit record for Business Approval once review is complete and respond/correct any discrepancies identified during BA reviews.

• Has experience in calling customers as there is a probability that you might reach out to customers.

Requirements:

• Bachelor's degree/University degree or equivalent experience.

• Min. 1 to 3 years of relevant experience would be an advantage.

• Has Anti-Money Laundering experience or background.

• Ability to liaise and maintain connection with HK/Chinese parties.

Kindly note that only shortlisted candidates will be contacted.

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