Know Your Customer (KYC) Reviewer

UNITED OVERSEAS BANK LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading Asian bank in Singapore is looking for an AML Compliance Officer. The role involves conducting AML reviews for retail banking customers and ensuring compliance with KYC policies. Applicants should have at least 2 years of experience in the financial industry and domain knowledge in AML and sanctions. Strong attention to detail and organizational skills are essential. This position offers a dynamic work environment and support for professional development.

Qualifications

• Minimum 2 years of experience in financial industry, preferably in risk and compliance.
• Knowledge of AML and sanctions regulations.
• Strong attention to detail and organizational skills.

Responsibilities

• Conduct periodic and ad hoc AML reviews of retail banking customers.
• Ensure compliance with KYC policies and procedures.
• Act as liaison between business units and compliance on AML matters.

Skills

Risk management

Governance and compliance

Attention to detail

Technical capabilities in AML

Strong organizational skills

Job description

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

• Perform periodic and ad hoc AML reviews on the existing Retail Banking Individual Customers and obtaining all necessary documentation to complete the client file
• Ensure all KYC reviews performed comply with the bank’s established policies, procedures, and controls.
• Recommending appropriate course of action for closure/exclusion/refer cases
• Ensure timely follow up with front liners/touchpoints on the updated of KYC info of customers for every AML review
• Guide and review the team members’ KYC reviews to ensure the quality of review
• Assist to prepare or generate compliance related tracking reports if required
• Assess transaction reports for potential money laundering risks and make recommendation on account relationshipEfficient identification of suspicious activities and transactions
• Act as the liaison contact between Business unit and Compliance on all AML/CFT and sanctions matters
• Ensure timely follow up to queries from Business unit
• Assist to respond to CDD enquiries that may originate from internal and external stakeholders on client’s profile
• Complete assigned reviews within established timeline
• Ensure all reviews related activities carried out adhere to the bank’s policies and procedures
• Participate in ad hoc projects or tasks when required
• Support management statics reporting

Requirement

• At least 2 years of direct experience in the financial industry, preferably risk, governance and compliance related functions
• Domain knowledge in AML and Sanctions (other Fin. Crime and Conduct risks are a plus)
• Strong organization skills with excellent attention to detail-
• Able to create and articulate plan, action, solution and strategy well
• Demonstrates in-depth technical capabilities and professional knowledge in related fields