CDD Specialist

STANDARD CHARTERED BANK (SINGAPORE) LIMITED; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading international bank seeks a skilled individual for their Client Due Diligence team in Singapore. The role focuses on project implementation to comply with AML regulations and requires expertise in customer reviews. Candidates should have over 4 years of relevant experience and strong analytical capabilities. This position offers opportunities for involvement in critical projects while ensuring adherence to the bank’s strategy and regulations.

Benefits

Competitive salary

Flexible working options

Health and wellness support

Learning and development opportunities

Qualifications

• 4+ years working experience in performing CDD reviews.
• Familiar with MAS regulations for AML standards in Singapore.
• Proficient in handling CDD Reviews for Retail clients.

Responsibilities

• Support implementation of the vision and strategy for the CDD team.
• Provide CDD advisory on AML/CFT matters.
• Assist in the interpretation of policies related to CDD.

Skills

Communication skills

Analytical skills

Stakeholder management

Knowledge of AML/CFT regulations

Mandarin proficiency

Education

Bachelor's degree

Job description

Job Summary

• We are looking for a highly skilled person, with strong communication skills to support a critical workstream within CDD team focusing on implementing of Projects or Initiatives to comply with Group/Country Policy and Procedure and Strategies
• Execute and implement initiatives and project to ensure the Bank operates in accordance with the relevant laws and regulations, Group/Country policies and standards, especially on AML CDD and FATCA/CRS.
• This role will require production of high-quality and timely output aligned to relevant SCB Policies/Standards, and delivered within prescribed timeline.
• Advice on best project management practices to support the Business to optimise outcomes will also be required.
• Regular outputs will be presented to senior stakeholders.

About Our Client Due Diligence Team

Be our first line of defence. Join our Client Due Diligence team and you’ll tackle any potential risks to keep our business safe. From understanding our clients expected banking activities to combating fraudulent ones, the work you do will be complex and interesting. You’ll be trusted to take on challenging projects that stretch your skills, locally and globally. And you’ll experience the opportunities and rewards that come with protecting an international bank with a long history of helping people prosper.

About Our Technology & Operations Team

Our Technology and Operations (T&O) team is the powerhouse for the Bank. We aim to go further, faster, to ensure we're agile and ready for tomorrow, today. Our diverse network enables us to innovate and build banking solutions that support communities to prosper. We're a place where talented people are encouraged to grow, learn, and thrive, to drive their own career journeys, to reach their full potential.

When you work with us, you're protecting the reputation and legacy of a 170-year organisation and building on it. We’re driven by progress and continuously evolving to ensure we’re agile and ready for tomorrow, today.

Roles and Responsibilities

• Support the implementation of the vision, strategy, direction and leadership for the WRB CDD team, consistent with the vision and strategy for WRB COO and in support of the Group’s strategic direction and growth aspirations.
• Provide CDD advisory at client level to business in relation to AML/CFT matters.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Assist Line Manager to keep track of and provide advice to relevant stakeholders on the interpretation and application of policies related to CDD.
• Provide CDD advisory at client level to business in relation to AML/CFT matters.
• Experience in reviewing Source of Wealth and related documents.
• Review relevant policies/processes in relation to CDD compliance, aligning to relevant regulatory and group requirements.
• Support the implementation of policies and standards to ensure compliance with such policies and standards.
• To work as a team member who can gel and work in collaboration with risk and control partners.
• Lead through example and build the appropriate culture and values.
• For Audit (Internal & external), manage checks, queries and any other information requested by auditors.
• Review and manage monthly assurance check and complete submission on time.

Risk Management

• Apply Group and Country CDD policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
• Assess risks arising from products/segments/geographies/customers/transactions.
• Timely escalation of issues and ensure that necessary actions are taken quickly to remediate and/or activities are ceased.
• Undertake enhanced due diligence on new and existing medium/high risk clients.
• Review and/or elevate emerging areas of risks for all clients including P risk rated clients and Group Sensitive Clients relevant clients such as adverse media/sanctions review.
• Timely review of customer’s profile and related risk.
• Make recommendations to relevant stakeholders on possible risk management responses to identified risks and/or findings of concern from investigations - at client and portfolio level.
• Manage escalations on issues requiring additional assessment and controls.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Retail Branch, RB Client onboarding team, Business Banking Team, Country CFCC and Group.

Our Ideal Candidate

• 4+ years working experience in performing CDD reviews and handling client Source Of Wealth.
• Familiar with MAS regulations and requirements towards AML standards for Banks in Singapore.
• Has good awareness of risk concerns and is able to identify and address such risk concerns independently.
• Proficient in handling CDD Reviews for Retail clients. Having CDD knowledge on Retail is an advantage.
• Conversant and have good understanding in handling of client reviews relating to Periodic, Trigger and New Client Onboarding.
• Able to review and assess on High Risk clients who are involved with Risk Events like PEP, Adverse Media, Sanctions, etc.
• Experience in writing and reviewing Source of Wealth for High Net Worth clients.
• Clear understanding on the constituents of SOW requirements and how such information is to be obtained and documented as part of client wealth journey.
• Conversant on the type of documents required as part of a CDD Review or for purposes of Corroboration, etc.
• Analytical mind and ability to articulate the risk concerns and mitigants to complete the review.
• Mandarin proficiency required for reviewing Mandarin-language documents.

Role Specific Technical Competencies

• Meticulous and eye for details.
• Fast learner and efficient.
• Stakeholder management.
• Familiar with regulations with regards to CDD.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good is achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together We:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do.
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term.

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive well-being support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• Continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, on one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers