Senior Specialist - Business Control (KYC), Private Banking

RecruitFirst Pte. Ltd; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player in the financial sector is seeking a detail-oriented professional to join their team. This role focuses on KYC compliance and client on-boarding, ensuring adherence to AML regulations and enhancing operational workflows. You will collaborate with Relationship Managers and various stakeholders to maintain high standards in client interactions and regulatory compliance. If you possess strong communication skills and a control mindset, this is an excellent opportunity to contribute to a dynamic team in a rapidly evolving environment.

Qualifications

• Minimum 5 years’ relevant KYC and Client On-boarding experience in private banking.
• Familiar with account documentation, due diligence, and AML regulatory requirements.

Responsibilities

• Work closely with Relationship Managers for KYC and account opening processes.
• Perform assessments on account opening and periodic reviews of existing relationships.
• Update and operationalize account opening processes to ensure consistency.

Skills

KYC Compliance

AML Regulations

Client On-boarding

Communication Skills

Detail-oriented

Education

Bachelor Degree in Business/Accountancy/Banking & Finance

Job description

• Work closely with Relationship Managers to facilitate the collection of KYC and relevant documents with respect to account opening / periodic review procedures and local regulations

• Follow thoroughly the CDD and KYC review in client on-boarding / periodic review process

• Perform assessment on both account opening and periodic reviews of existing relationships including but not limited to higher risk relationships and financial intermediaries. This includes reviewing the adequacy of SOW corroboration, performing high level transaction review, identifying incremental AML or reputational risk via refreshed name screening.

• Keep abreast of changes to regulatory requirements for AML/CFT and communicate changes internally with a view to ensuring established policies, procedures and processes are compliant with new requirements.

• Update and operationalize account opening and periodic review processes and workflows to ensure consistency amongst team members.

• Providing AML/CFT advice to businesses, in particular on matters pertaining to account opening and periodic review of clients.

• Prepare regular reports for management review

• Liaise with different stakeholders e.g. Legal & Compliance, Operation, Risk Team to facilitate framework review and policy/procedure implementation

• Perform ad hoc duties and projects as assigned by Business Manager

Requirements

• •Minimum a Bachelor Degree in Business/Accountancy/Banking & Finance or a relevant discipline

• Minimum 5 years’ relevant KYC and Client On-boarding experience in private banking

• Familiar with account documentation, due diligence and AML regulatory requirements

• Customer-focused, with good communication and interpersonal skills

• Detail-oriented with strong control mindset

• Proficient in spoken and written English/Chinese to liaise with Chinese speaking headquarter counterparties

• Singaporeans only