Client Due Diligence Manager - Periodic Review (Vice President) | Singapore, SG

Bank of Singapore; Singapore; On-site; USD 100,000 - 120,000; Full time

Job summary

Join a leading global private bank as part of the Post Onboarding Review team, responsible for AML/CFT monitoring and client lifecycle management. You'll engage with various stakeholders, ensuring compliance and enhancing risk culture. This role offers a chance to develop professionally while contributing to a critical function within the bank.

Qualifications

• 10-12 years of relevant experience in CDD/AML, AML/KYC controls.
• Knowledge of AML/CFT risks and regulations.

Responsibilities

• Perform periodic reviews based on internal KYC and CDD guidelines.
• Work closely with Front Office staff to address source of wealth gaps.
• Prepare periodic reports for Senior Management.

Skills

Analytical

Project Management

Communication

Interpersonal

Attention to Detail

Education

University degree in Accountancy

Finance

Business Administration

Tools

MS Office

VBA macros

Power BI

Project Management Tools

Job description

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork, and fairness. Most importantly, we invest in our people through programs that develop them professionally and personally. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to grow within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive, and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.

Description

The position within the Post Onboarding Review team in Client Onboarding & Lifecycle Management (COLM) is primarily responsible for supporting the Bank's AML/CFT monitoring and reviews. The candidate is expected to maintain high and consistent standards in accordance with the Bank's AML/CFT policies and procedures. The candidate will also partner with Front Office to review and promote a sound AML/CFT risk culture.

The candidate will support the Client Lifecycle Management (CLM) target operating model (TOM) for client reviews and offboarding related to AML reasons. The CLM TOM aims to streamline the end-to-end client lifecycle journey. The candidate will have the opportunity to interact with stakeholders across various functions within the Bank.

Roles & Responsibilities

1. Perform periodic reviews based on internal KYC and CDD guidelines for existing end-clients and financial intermediaries.
2. Conduct independent reviews, including plausibility checks and corroboration of clients' account structures, sources of wealth (SOW), and sources of funds (SOF).
3. Work closely with Front Office staff to address and remediate source of wealth gaps or red flags within stipulated deadlines.
4. Monitor cases slated for AML Exit due to Financial Crime or Reputational Risk, as decided by management.
5. Coordinate with internal stakeholders across departments such as Compliance, Operations, and Technology.
6. Support the development of business requirements for the CLM TOM, including documentation and testing phases.
7. Maintain documentation like process flows, user manuals, SOPs, and training materials.
8. Conduct training sessions for Front Office staff on relevant policies and procedures.
9. Prepare periodic reports for Senior Management.
10. Assist the Head of Post-Onboarding Reviews with other assigned tasks aligned with departmental priorities.

Qualifications

• University degree in Accountancy, Finance, Business Administration, or equivalent.
• 10-12 years of relevant experience in CDD/AML, AML/KYC controls, or related functions, preferably in private banking.
• Experience managing diverse teams.
• Knowledge of AML/CFT risks (PEP, Sanctions, Reputational Risks) and suspicious activity indicators in private banking.
• Understanding of regulations from MAS, HKMA, FATF, Wolfsberg, etc.
• Strong knowledge of banking products and account structures.
• Experience with target operating models and client onboarding/lifecycle management projects.
• Excellent analytical, project management, communication, and interpersonal skills.
• Ability to adapt, handle ambiguity, and pay attention to detail.
• Proficiency in MS Office; VBA macros or Power BI skills are a plus.
• Experience with project management tools.

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Asia's global private bank, Bank of Singapore, is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second-largest bank. Headquartered in Singapore...

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