Intern - Compliance (KYC)

HL Bank Singapore Co.; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

HL Bank Singapore Co. is seeking a compliance professional to support KYC reviews of existing clients, assess information completeness, and ensure adherence to bank procedures.

You will screen existing relationships for sanctions, PEP, and adverse media, escalate risk indicators, and assist with management reporting and process improvements in line with MAS 626 guidelines.

Responsibilities

• KYC reviews of existing clients; assess adequacy of KYC information and source of wealth/funds; ensure narrative and corroboration; enhanced due diligence; transaction review; ensure compliance with bank procedures.
• Screening alerts for existing client relationships to ensure sanctions, PEP and adverse media screening; investigate and escalate to RMs as needed.
• Assess and escalate newly identified risk indicators, changes in risk rating or unusual transaction patterns during reviews.
• Ensure compliance with MAS 626 Notices and Guidelines and internal policies and procedures.
• Prepare statistics for Management reporting and support in projects and process improvement initiatives.

Job description

Job Responsibilities

• Support the Business with Know Your Client (KYC) reviews of existing clients, assess the adequacy/completeness of the KYC information, source of wealth/funds, narrative and corroboration, enhanced due diligence, transaction review and ensuring overall compliance with Bank procedural standards
• Support the Business with name screening alerts triggered for existing client relationships to ensure sanctions, PEP and adverse media screenings, whether false or true matches, investigation and escalation to the RMs;
• Assess and escalate newly identified risk indicators, changes in risk rating or unusual transaction patterns during course of reviews;
• Ensure compliance with MAS 626 Notices and Guidelines and internal policies and procedures;
• Prepare statistics for Management reporting and support in projects and process improvement initiative