Compliance AD/Director (Private Banking)

Hudson Talent Solutions; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading financial services firm in Singapore is seeking a Compliance Officer with 8-10 years of experience in private banking, focused on AML and client due diligence. The role involves detailed client reviews, onboarding checks, and collaboration with stakeholders to ensure regulatory compliance. Candidates should possess strong analytical skills and the ability to manage multiple priorities in a fast-paced environment. Excellent communication and interpersonal skills are essential for this role, along with a proactive attitude towards compliance issues.

Qualifications

• 8–10 years of experience in Compliance or Audit within private banking with focus on AML/CDD functions.
• In-depth understanding of MAS AML/CFT regulations and private banking compliance standards.
• Strong attention to detail and documentation skills.

Responsibilities

• Conduct detailed reviews of existing client accounts focusing on high-risk profiles.
• Assess and validate clients’ source of wealth during trigger events.
• Provide compliance input for credit reviews and change-in-circumstance assessments.
• Deliver training and guidance to stakeholders on due diligence requirements.
• Participate in system enhancement and process improvement projects.

Skills

Strong analytical skills

Excellent communication skills

Interpersonal abilities

Proactive attitude

Ability to manage multiple priorities

Job description

The Company

Our client is a leading international private banking group with a strong presence in Asia. The Singapore office serves as a key hub for regional operations and compliance oversight. The firm is committed to delivering exceptional wealth management services while maintaining rigorous standards in regulatory compliance and anti-money laundering (AML) controls.

Responsibilities

Client Due Diligence & Periodic Reviews

• Conduct detailed reviews of existing client accounts, focusing on high-risk profiles such as Politically Exposed Persons (PEPs), in line with internal policies and regulatory standards.
• Assess and validate clients’ source of wealth (SOW) during trigger events or changes in circumstances, ensuring independent corroboration with Front Office.
• Perform screening of account parties and related entities using internal tools, documenting findings with clear articulation of AML, reputational, and sanctions risks.
• Provide compliance input for credit reviews and change-in-circumstance assessments.
• Deliver training and guidance to stakeholders on due diligence requirements and regulatory expectations.
• Support audits, inspections, and regulatory reporting as needed.
• Participate in system enhancement and process improvement projects, including defining requirements, user acceptance testing, and post-implementation support.

Onboarding

• Review KYC documentation for new client accounts, ensuring thorough risk assessment for high-risk clients.
• Collaborate with Relationship Managers and senior stakeholders to complete onboarding checks and resolve complex issues.
• Document onboarding assessments with clear identification of potential AML and sanctions risks.
• Provide advisory support to Front Office and other teams on compliance measures during onboarding.
• Contribute to cross-functional projects aimed at improving onboarding processes and compliance systems.

General

• Handle ad-hoc compliance tasks and contribute to strategic initiatives within the AML team.
• Maintain strong collaboration with internal teams, including KYC, Front Office, and senior management.

Requirements

• Experience: 8–10 years in Compliance or Audit within private banking, with a strong focus on AML/CDD functions.
• Technical Knowledge: In-depth understanding of MAS AML/CFT regulations and private banking compliance standards.
• Skills:
• Strong analytical and documentation skills with attention to detail.
• Excellent communication and interpersonal abilities to manage stakeholders effectively.
• Ability to work independently and handle multiple priorities in a fast-paced environment.
• Attributes: Proactive, solution-oriented, and comfortable engaging with senior stakeholders on complex compliance matters.