Client Due Diligence Specialist - Periodic Review (6 Months Contract | Singapore, SG

Bank of Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Join a leading financial institution as a Client Due Diligence Specialist. This role involves supporting AML/CFT monitoring and reviews, conducting periodic client reviews, and collaborating with various departments to ensure compliance. Ideal candidates will have a degree in finance or related fields and at least 3 years of relevant experience.

Qualifications

• At least 3 years of experience in AML/KYC Compliance or related functions.
• Knowledge of AML/CFT risks, including PEP, sanctions, and reputational risks.
• Familiarity with regulations such as MAS, HKMA, FATF, and Wolfsberg.

Responsibilities

• Perform periodic reviews based on internal KYC and CDD guidelines.
• Conduct independent reviews, including plausibility checks of clients' account structures.
• Coordinate with internal stakeholders across departments such as Compliance, Operations, and Technology.

Skills

Analytical skills

Project management

Communication

Interpersonal skills

Education

University degree in Accountancy, Finance, Business Administration

Tools

MS Office

Power BI

Job description

Client Due Diligence Specialist - Periodic Review (6 Months Contract)

At Bank of Singapore, we are constantly looking for exceptional individuals to join our team. We promote a culture of openness, teamwork, and fairness. 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. If you have passion, drive, and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as a Client Due Diligence Specialist.

This role within the Post Onboarding Review team in Client Onboarding & Lifecycle Management (COLM) supports the Bank's AML/CFT monitoring and reviews. The candidate will maintain high standards in line with the Bank's AML/CFT policies and collaborate with Front Office to foster a sound AML/CFT risk culture.

The candidate will also support the Client Lifecycle Management (CLM) target operating model (TOM) for client reviews and offboarding, contributing to streamlining the client lifecycle journey. Interaction with stakeholders across various functions will be part of the role.

Roles & Responsibilities

1. Perform periodic reviews based on internal KYC and CDD guidelines for existing clients and financial intermediaries.
2. Conduct independent reviews, including plausibility checks of clients' account structures, sources of wealth (SOW), and sources of funds (SOF).
3. Work closely with Front Office to address and remediate source of wealth gaps or red flags within deadlines.
4. Monitor cases 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 Head of Post-Onboarding Reviews in developing business requirements, testing, and documentation.
7. Develop SOPs, user manuals, and training materials for client reviews and AML exits.
8. Conduct training sessions for Front Office staff on policies and procedures.
9. Prepare reports for Senior Management as required.
10. Assist the department with additional tasks aligned with overall priorities.

Minimum Qualifications

• University degree in Accountancy, Finance, Business Administration, or related fields.
• At least 3 years of experience in AML/KYC Compliance or related functions; experience in private banking is advantageous.
• Knowledge of AML/CFT risks, including PEP, sanctions, and reputational risks.
• Familiarity with regulations such as MAS, HKMA, FATF, and Wolfsberg.
• Understanding of banking products and account structures.
• Experience with target operating models and client onboarding/lifecycle projects.
• Strong analytical, project management, communication, and interpersonal skills.
• Proficiency with MS Office tools; VBA macros or Power BI experience is a plus.

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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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