Compliance Officer

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

Job summary

A leading financial services company in Singapore seeks a Periodic Review Compliance Officer to review existing client relationships and ensure compliance with AML regulations. You will collaborate with key stakeholders, manage KYC reviews, and perform risk assessments for high-risk clients. Requirements include 3-5 years of experience in KYC onboarding and a strong understanding of compliance in the Private Banking sector. Proficient in Microsoft Office applications is essential.

Qualifications

• 3-5 years of experience in KYC Onboarding, Periodic review, SOW, PEP Assessments.
• Strong understanding of Private Banking and Wealth Management.
• Knowledge of MAS 626 Notice & Guidelines.

Responsibilities

• Review and approve client relationships and accounts.
• Collaborate with Relationship Managers on KYC submissions.
• Perform client risk assessments and due diligence.

Skills

KYC Onboarding

Compliance review

AML/CFT knowledge

Stakeholder management

Relationship management

Education

Bachelor's degree in a relevant field

Tools

MS Word

MS Excel

MS PowerPoint

Job description

Duration: 6/ 12 Months Contract

Location: Raffles Place

Responsibilities

The Periodic Review Compliance Officer will be responsible for Compliance Singapore’s review and approval of all High and Highest existing client relationships, portfolios and accounts booked in the Bank

• Build strong relationships with key stakeholders such as the Front Office, Client Documentation Services (CDS), KYC/AML Onboarding, AML Investigations and Risk Management teams.
• Support Head of AML/KYC Singapore and the Head of Periodic Review in the management of Compliance’s review of existing client relationships, portfolios and accounts booked in Bank, as well as the review of new/incremental KYC/CDD risk identified during the duration of the client’s relationship with Bank.
• Collaborate and guide local and overseas Relationship Managers (i.e. Hong Kong, Thailand and Dubai) in their periodic review submissions, including KYC profile changes, account structure changes and newly identified adverse news and risk elements
• Assist and support ad-hoc KYC/CDD related matters and enquiries from regulators, auditors (internal and external) and Head Office
• Review client’s profile for the relevant periodic review period to ensure conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards; Ensuring completeness, consistency and accuracy of KYC information, adequacy of source of wealth (“SOW”) narrative and reasonableness of plausibility assessment
• Perform client risk assessments and due diligence analysis with focus on High/Highest risk profiles
• Assess and address incremental AML/KYC risk noted during periodic review; escalations on incremental risks noted on client profile
• Review and assess name screenings to facilitate periodic review (Google, World check, Factiva).
• Perform transaction review for all transactions occurring during the relevant periodic review period; Ensuring the transactional activities are aligned with client’s risk profile; Identify and investigate any suspicious transactions.
• Participate in projects, process improvement and discussions relating to KYC/CDD

Requirements

• At least 3-5 years’ experience in either KYC Onboarding / Periodic review / SOW / PEP Assessments, in Private Banking /Wealth Management
• A good degree and understanding of the Private Banking and Wealth Management industry
• Strong knowledge of the MAS 626 Notice & Guidelines
• Experience in managing AML/CFT-related regulatory inspections, external and/or internal audits and strategic projects
• PC proficient: MS Word, Excel, PowerPoint
• Team player
• Ability to manage internal and external stakeholders

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