Compliance Executive (Private Bank) #ESY

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A recruitment agency in Singapore seeks a compliance professional to manage KYC processes. The role includes conducting assessments, remediating existing client records, and ensuring adherence to regulatory standards set by the Monetary Authority of Singapore. The candidate must have a strong understanding of KYC procedures, risk assessments, and data analysis skills. Interested applicants should email their resume to the provided address. Only shortlisted candidates will be contacted.

Qualifications

• Strong understanding of KYC procedures and regulatory compliance.
• Experience in performing due diligence and risk assessments.
• Proficient in documentation and data analysis.

Responsibilities

• Conduct detailed assessments and document client SoW for compliance.
• Remediate KYC records and implement corrective actions.
• Ensure KYC performance meets regulatory standards.

Skills

KYC compliance

Regulatory standards

Risk assessment

Data analysis

Documentation

Stakeholder collaboration

Job description

Job scope

1. Conduct detailed assessments and clearly documenting client SoW to ensure compliance with CDD procedures and regulatory standards set by the Monetary Authority of Singapore (MAS).
2. Remediate existing KYC records related to SoW, identifying gaps in documentation and implementing corrective actions to address these issues.
3. Ensure performance of KYC to the standards expected by the Monetary Authority of Singapore and in accordance with the bank’s AML and KYC Policies and Procedures. This includes reviewing and checking for completeness of CDD information (including SOW/SOF) and supporting documentations for new and existing customers (periodic review) and performing risk assessments in line with the bank’s AML and KYC Policies and Procedures.
4. Oversee the execution of client due diligence processes, ensuring thorough assessments of client risk profiles.
5. Ensure that appropriate enhanced due diligence is performed on high-risk clients, including politically exposed persons (PEPs) and clients from high-risk jurisdictions.
6. Lead the identification and assessment of potential KYC-related risks associated with new and existing clients. Implement appropriate risk mitigation strategies and escalated issues as necessary to senior management.
7. Collaborate with internal stakeholders, including compliance, operations, and relationship managers, to ensure effective remediation are executed promptly.
8. Develop and maintain documentation related to remediation efforts, including tracking the status of outstanding SoW verifications and resolutions.
9. Perform data analysis to identify clients requiring remediation and prioritize cases based on risk levels.
10. Prepare and submit reports on remediation progress and outcomes to senior management.

Interested candidates, please email your resume to [e-mail]

Anna See Sing Yee

CEI Reg R25157535

Recruit Express Pte Ltd

EA License No: 99C4599

We regret that only shortlisted candidates will be contacted