Compliance Officer KYC

GMP TECHNOLOGIES (S) PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services firm in Singapore seeks a KYC Officer to enhance client due diligence and ensure compliance with regulatory expectations. The role involves reviewing KYC profiles, assessing transaction risks, and advising management on AML/CFT risks. Candidates should have experience in KYC review, a strong grasp of financial documents, and a degree related to the private banking sector. This position provides the opportunity to work closely with stakeholders across various regions and require alignment with evolving regulatory standards.

Qualifications

• Prior experience in conducting KYC review or client due diligence roles within private bank.
• Experience interpreting financial documents (e.g. financial statements, property deed).
• Strong knowledge of the regulatory expectations (e.g. MAS 626 Notice & Guidelines).
• A good degree and understanding of the private banking industry and/or trust company.

Responsibilities

• Perform and uplift existing KYC profiles to meet regulatory requirements.
• Review and corroborate Source of Wealth using appropriate documents.
• Identify and assess risks of opaque legal structures.
• Address Sanction true matches for AML/CFT risks.
• Maintain clear documentation of review rationale and decisions.
• Support periodic reporting and status updates.

Skills

KYC review experience

Financial document interpretation

Regulatory knowledge

Understanding of private banking

Education

Degree in a relevant field

Job description

Duration: 12 Months Contract

Location: Raffles Place

KYC Officer plays a key role in enhancing the quality and robustness of existing client due diligence by conducting thorough reviews of KYC profiles.

This position ensures alignment with evolving regulatory expectations, internal policies, and industry best practices.

Description

• Perform and uplift of existing KYC profiles to meet enhanced regulatory and internal policy requirements.
• Review and corroborate Source of Wealth using appropriate documents, contextual analysis and market insights.
• Identify and assess the risk of opaque legal structures
• Review client’s transactions for the period under periodic review; ensure the transactional activities are aligned with client’s risk profile and flag out any suspicious transactions with regards to unknown 3rd parties.
• Address Sanction true matches, as well as true matches for other AML/CFT risks identified during Name and Media Screening.
• Identify and elevate newly identified risk indicators or unusual transaction patterns during course of reviews.
• Maintain clear and comprehensive documentation of review rationale and decisions
• Ensure timely and quality completion of assigned cases in line with defined timeline.
• Support periodic reporting and status updates for internal governance.
• Provide advice to Front employees on KYC/CDD- related matters.
• Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship.
• Contribute to continuous improvement by identifying recurring gaps and suggesting enhancements to procedures.
• Build strong relationships with key stakeholders such as Front Office and Compliance teams.
• Work closely with overseas offices (particularly, Hong Kong, Dubai and Thailand) to provide input on KYC reviews.
• Ensure that KYC/CDD issues are properly identified, assessed and documented.

Requirements

• Prior experience in conducting KYC review or client due diligence roles within private bank is preferred
• Experience interpreting financial documents (e.g. financial statements, property deed).
• Strong knowledge of the regulatory expectations (e.g. MAS 626 Notice & Guidelines) and enhanced due diligence practices, especially in SoW corroboration
• A good degree and understanding of the private banking industry and or trust company.

Email: [e-mail]

We regret that only shortlisted candidates will be notified.

GMP Technologies (S) Pte Ltd | EA Licence: 11C3793 | Charnele Tan | Registration No: R1105360