Compliance Executive

AQUINAS LAW ALLIANCE LLP; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

A leading legal firm in Singapore is seeking a Compliance Executive to join their team. The role involves conducting KYC checks, ensuring compliance with regulations, and maintaining accurate client records. Candidates should possess a bachelor's degree and relevant experience in the financial services industry. Excellent communication and analytical skills are essential. This position offers an opportunity to contribute to a critical area of compliance in a fast-paced environment.

Qualifications

• Previous experience in a similar role, preferably within the financial services industry.
• Strong understanding of KYC regulations and AML principles.
• Exceptional organizational skills and the ability to manage multiple tasks simultaneously.

Responsibilities

• Conduct comprehensive KYC checks on new clients.
• Review and analyze client documentation.
• Verify the accuracy of client information.
• Communicate with clients to collect necessary documentation.
• Maintain accurate records of KYC-related activities.
• Collaborate with internal teams to address KYC-related issues.
• Stay up-to-date on changes to regulatory requirements.
• Assist in the development of KYC policies.

Skills

Organizational skills

Attention to detail

Communication skills

Analytical skills

Education

Bachelor's degree in finance, business administration, or a related field

Tools

MS Office applications

Job description

Overview

We are seeking a highly organized and detail-oriented individual to join our team as a Compliance Executive for KYC (Know Your Customer) Junior Executive. The ideal candidate will be responsible for ensuring compliance with regulatory requirements by conducting thorough due diligence on new and existing clients. This role requires excellent communication skills, meticulous attention to detail, and the ability to work effectively in a fast-paced environment.

Responsibilities

1. Conduct comprehensive KYC checks on new clients, ensuring compliance with regulatory standards and internal policies.


2. Review and analyze client documentation, including identification, incorporation documents, and beneficial ownership information.


3. Verify the accuracy and completeness of client information through various research methods, including online databases and public records.


4. Communicate with clients to collect necessary documentation and resolve any discrepancies or missing information.


5. Maintain accurate records of all KYC-related activities and documentation in accordance with company policies and regulatory requirements.


6. Collaborate with internal stakeholders, including compliance, legal, and relationship management teams, to address KYC-related issues and escalate potential risks.


7. Stay up-to-date on changes to regulatory requirements and industry best practices related to KYC procedures.


8. Assist in the development and implementation of KYC policies, procedures, and training programs for staff members.

Qualifications

1. Bachelor's degree in finance, business administration, or a related field.


2. Previous experience in a similar role, preferably within the financial services industry.


3. Strong understanding of KYC regulations and AML (Anti-Money Laundering) principles.


4. Excellent analytical skills with the ability to interpret complex information and identify potential risks.


5. Proficiency in using MS Office applications and other relevant software tools.


6. Exceptional organizational skills and the ability to manage multiple tasks simultaneously.


7. Excellent communication skills, both verbal and written, with the ability to interact professionally with clients and internal stakeholders.


8. Attention to detail and a high level of accuracy in all work activities.


9. Ability to work independently and collaboratively within a team environment.


10. Professional certification in AML/KYC (e.g., ACAMS) is preferred but not required.

Interested candidates are invited to submit their resume detailing their relevant experience and qualifications for this position. Shortlisted candidates will be contacted for further assessment.