KYC & AML Risk Remediation Officer

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading recruitment agency in Singapore is seeking candidates for a KYC compliance role on a one-year contract. Responsibilities include conducting detailed assessments, remediating KYC records, and ensuring compliance with regulatory standards set by the Monetary Authority of Singapore. The ideal candidate holds a degree in Banking & Finance, with relevant experience in the banking industry being a plus. This position offers an opportunity to collaborate with internal teams to enhance compliance efforts.

Qualifications

• Relevant prior work experience in banking industry is a plus.

Responsibilities

• Conduct detailed assessments and document client SoW for compliance with CDD procedures and regulatory standards.
• Remediate existing KYC records, identify gaps in documentation, and implement corrective actions.
• Ensure KYC performance meets standards expected by the Monetary Authority of Singapore.
• Review completeness of CDD information and perform risk assessments as needed.
• Oversee execution of client due diligence processes for high-risk clients.
• Identify and assess potential KYC-related risks and implement mitigation strategies.
• Collaborate with internal stakeholders for effective remediation execution.
• Develop and maintain remediation documentation and track outstanding SoW verifications.
• Perform data analysis to identify clients needing remediation and prioritize levels.
• Prepare reports on remediation progress for senior management.

Education

Degree in Banking & Finance or related field

Job description

A leading recruitment agency in Singapore is seeking candidates for a KYC compliance role on a one-year contract. Responsibilities include conducting detailed assessments, remediating KYC records, and ensuring compliance with regulatory standards set by the Monetary Authority of Singapore. The ideal candidate holds a degree in Banking & Finance, with relevant experience in the banking industry being a plus. This position offers an opportunity to collaborate with internal teams to enhance compliance efforts.