Compliance Analyst

FRACTIONAL SERVICES SOLUTIONS PTE. LTD.; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading financial services firm in Singapore is seeking an experienced professional for the AML/KYC client review function. The role involves conducting thorough reviews, advising on compliance matters, and collaborating with various stakeholders to ensure comprehensive client monitoring. Candidates should possess a relevant degree and have a strong understanding of regulatory requirements.

Qualifications

• Minimum 2-3 years of experience in AML/KYC.
• Knowledge of regulations including MAS, HKMA, FATF.
• Sensitive to risks typical of banking clients.

Responsibilities

• Conduct periodic reviews of KYC and CDD information.
• Perform independent reviews and address gaps in client information.
• Advise colleagues on client monitoring and KYC deficiencies.

Skills

Knowledge of PEP and Sanctions

Risk assessment

Client monitoring

Education

University degree in Accountancy, Finance, Business Administration or equivalent

Job description

Qualifications

• Minimum 2-3 years of experience in AML/KYC under the client review function in a private or corporate banking environment.
• Knowledgeable and sensitive to the risks (PEP, Sanctions, reputational risks) and suspicious activities typical of private or corporate banking clients.
• Knowledge of regulations including MAS, HKMA and other intergovernmental / non-governmental organization such as FATF / Wolfsberg.
• University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.

Duties

• Conduct periodic reviews of KYC and CDD information of existing end clients and financial intermediaries.
• Perform independent and thorough review, including plausibility checks as well as corroboration of existing clients’ source of wealth and source of funds and address gaps where any are identified.
• Advise front office and other colleagues within the team on client ongoing monitoring and review matters including deficiencies in KYC information and corroboration documents.
• Collaborate with key stakeholders involved in the process, viz, Relationship Managers, Team Heads, Market heads, Compliance and other colleagues within the bank to ensure source of wealth gaps/red flags uncovered during periodic reviews are properly addressed and closed out.
• Conduct reviews of existing clients to ensure their biodata remains updated