Business Compliance Manager ( Private Banking)

BANK OF CHINA LIMITED; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading banking institution in Singapore is looking for a professional with expertise in AML/KYC compliance. The role involves conducting client onboarding due diligence, periodic KYC reviews, and handling client queries and complaints. The ideal candidate should have 3-5 years of relevant experience in the wealth management industry and be proficient in MS Excel. Attention to detail and the ability to work independently is essential in this dynamic environment. Join us to ensure compliance with regulatory standards.

Qualifications

• 3-5 years of experience in AML/KYC compliance.
• Familiar with MAS Notice 626 and PB Code of Conduct.
• Experience in complaint handling is advantageous.
• Meticulous with a high level of accuracy.

Responsibilities

• Conduct client onboarding due diligence assessments.
• Trigger KYC reviews of existing clients.
• Review ongoing screening hits and analyze transaction flows.
• Craft training programs for AML training.

Skills

AML/KYC compliance experience

Familiarity with local and international regulations

Strong MS Excel skills

Attention to detail

Adaptability in dynamic environments

Team player

Positive team player

Job description

Job Responsibilities

1. Conduct client on-boarding due diligence assessment and documentation checks
2. Conduct periodic KYC review and trigger KYC review of existing clients
3. Review on-going screening hits and analysis of transactional in/out flows
4. Review client instruction to update non-financial related information or to request for additional services
5. Attend to requests or queries from PB front office, Legal and Compliance Department, Internal Auditors and External Auditors on business compliance related matters
6. Handle client complaints, data protection reporting and other regulatory related reporting to the 2nd line departments
7. Maintain up-to-date PB procedures, forms and templates related to business compliance functions
8. Craft training programmes for AML training and new staff training

Requirements

1. 3-5 years relevant experience in AML/KYC compliance functions in Private banking or wealth management industry
2. Familiar with local and international regulations related to compliance functions (e.g. MAS Notice 626, ACIP Best Practice Papers, CRS, PDPA, PB Code of Conduct and MAS Guidelines on PB Controls)
3. Experience in complaint handling, review of counterparties and investment suitability framework is good to have
4. Strong understanding of compliance principles, internal controls, and the appropriate escalation process
5. Meticulous with a high level of accuracy and attention to detail
6. Proficient in MS Excel, with strong skills in management reporting, documentation, and data organisation
7. Able to work independently as a self-starter, demonstrating adaptability in a dynamic environment
8. Team player with a positive attitude and the willingness to rise to the occasion when required