Compliance Specialist (KYC/CDD)

BANGKOK BANK PUBLIC COMPANY LIMITED; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

Bangkok Bank Singapore is seeking a Compliance Specialist to join the KYC/CDD Team within the Bank's Compliance Department. You will work to ensure adherence to MAS regulations, sanctions, investigations and anti-money laundering requirements.

The role involves reviewing onboarding of high-risk clients, assessing Source of Wealth narratives, preparing compliance reports, advising on KYC/CDD, FATCA/CRS matters, and assisting with AML reporting and training.

Qualifications

• Minimum 3 years in the financial industry with AML/KYC/CDD experience.
• Strong MAS regulation knowledge (MAS 626) and AML regulations.
• Excellent report writing and ability to meet deadlines.
• Good communication and interpersonal skills.
• ACAMS or ICA certification is preferred.

Responsibilities

• Review onboarding of high‑risk clients to ensure MAS/AML compliance.
• Assess Source of Wealth narratives and corroboration.
• Ensure evidence is obtained and records maintained.
• Provide KYC/CDD advisory to Business Units.
• Monitor for suspicious activities and report to authorities.
• Assist AML/KYC reports and CDD tracker maintenance.
• Support KYC/CDD briefing/training sessions.
• Assist audit data requests and document extraction.
• Stay updated on money laundering trends and regulations.

Skills

AML/KYC expertise

Regulatory compliance

MAS regulations knowledge

Analytical skills

Written and verbal communication

Team player

ACAMS/ICA certification

Education

Recognized Degree in Finance/Related Field

Job description

Bangkok Bank Singapore is a full license bank operating in Singapore since 1957. We provide a wide range of wholesale and consumer banking and financial services to meet the diverse needs of our clients. We have an immediate vacancy for a suitably qualified individual to join us as:

COMPLIANCE SPECIALIST

The selected candidate will join the KYC/CDD Team in the Bank's Compliance Department. He/She is expected to demonstrate understanding of MAS regulations, Sanctions, investigation and Anti-Money Laundering regulations.

The roles and responsibilities include the following:

• Review the on-boarding of new high-risk client and the retention of existing client relationships, to ensure compliance with the Bank's policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate ML/TF/PF risks as well as reputational risk for the Bank.
• Review and assess the adequacy of the Source of Wealth narrative and corroboration submitted by the Front for new to bank and / or existing clients.
• Ensure all evidence is obtained and recorded as per procedures and prepare Compliance report accordingly.
• Collaborate and communicate with relevant Business Units to provide KYC/CDD advisory and all KYC/CDD, FATCA and CRS related matters.
• Ensure efficient identification and monitoring of suspicious activities and transactions as part of KYC review, and timely reporting of suspicious transactions to the authorities.
• Assist with daily/monthly AML reports, track completion of KYC reviews, historical transaction report, CDD tracker.
• Assist in conducting the KYC/CDD briefing / training sessions for Business Units.
• Undertake other ad hoc duties as and when required e.g. extract of documents for audit review, provide statistics.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.
• Identify opportunities for process improvements and any other roles where the Bank is required of you.

The ideal candidate must meet the following requirements:

• Recognized Degree with minimum total work experience 3 years in the financial industry, which should include minimum of 2 years' experience in AML, KYC/CDD.
• Sound knowledge of MAS regulations (MAS Notice 626, Guidelines to MAS Notice 626 and best practice papers), Sanctions, investigation and Anti-Money Laundering regulations.
• Excellent research and analytical skills; meticulous and the ability to deliver high-quality reports within deadlines.
• Good written, communication and interpersonal skills.
• Strong perseverance and diligence towards attaining goals and effective time management.
• Team player and proactive and able to take initiative.
• Relevant tertiary qualifications and Certification from ACAMS or ICA.