KYC Analyst - Banking - Contract

Manpower Staffing Services (Singapore) Pte Ltd; Singapore; On-site; SGD 56,000 - 89,000; Full time

Job summary

Manpower Staffing Services (Singapore) Pte Ltd is seeking a KYC Analyst to support front-office operations with first-level KYC checks, name screening, and documentation validation. You will source and verify relevant information to corroborate client declarations and maintain compliance with AML/CFT standards.

The role involves collaboration with compliance, risk management, and checker teams, performing CDD/EDD on higher-risk clients, and conducting ongoing reviews to ensure records are

Qualifications

• Bachelor's degree or diploma in banking/ finance or in any related majors.
• At least 2-3 years of experience in KYC role within the banking, financial, or insurance industry.
• Good understanding of AML and Counter Financing of Terrorism (CFT) framework.
• Good to have experience with AML monitoring and screening.

Responsibilities

• Assist Front Office with a 1st level check on KYC profiles for completeness and accuracy before approval.
• Perform name screening to check clients for adverse news and corroborate client declarations.
• Collaborate with internal stakeholders, including compliance and risk management teams, to ensure policy alignment.

Skills

Attention to detail

Analytical thinking

Communication skills

Team collaboration

Education

Bachelor's degree or diploma in banking/finance or related majors

Tools

KYC software

AML monitoring tools

Job description

Job scopes

• Assist Front Office with doing a 1st level check on KYC profiles to ensure completeness and accuracy before approval
• Perform name screening to check clients for adverse news
• Sourcing relevant documentation, news articles, and internet searches to corroborate the clients' declarations
• Collaborate with internal stakeholders, including compliance, risk management team and checker team to ensure alignment with company policies and industry best practices.
• Perform CDD/EDD review on high net-worth client and establish client's source of wealth according to company policies.
• Execute day to day operation tasks.
• Performing the due diligence on new/existing clients, requesting the KYC information, documentation, review, and verification of received documentation and making an analytical risk assessment.
• Periodically evaluate existing Clients according to established policies and procedures.
• Periodical review of KYC records as to completeness, including verifying that due diligence has been performed and that standards are complied with; also, that the files and risk assessments are current and up to date.
• Investigating high risk clients and reporting where necessary, including Politically Exposed Persons, and obtaining all necessary documentation to complete the client file.
• Maintain continuous contact with customer to keep customer file updated.
• Communicate effectively and efficiently with relevant internal and external parties to obtain KYC documents.

Job Requirement:

• Bachelor's degree or diploma in banking/ finance or in any related majors
• At least 2-3 years of experience in KYC role within the banking, financial, or insurance industry
• Good understanding of AML and Counter Financing of Terrorism (CFT) framework
• Good to have experience with AML monitoring and screening
• Excellent research and analytical skills
• Must have good planning and time management/prioritization skills
• Good interpersonal skills