KYC Analyst (Contract)

HL BANK; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

A leading bank in Singapore is seeking a Private Wealth Management Support role focused on assisting Relationship Managers with comprehensive client service and ensuring compliance with AML/KYC regulations. The candidate will conduct due diligence checks, manage client profiles, and contribute to management reporting while working closely with the PWM team to enhance operational efficiencies.

Qualifications

• Diploma or degree holder.
• Minimum 3 to 5 years working experience in private banking/wealth management.

Responsibilities

• Perform independent review of clients' AML/KYC profile.
• Conduct due diligence checks and ensure compliance with bank standards.
• Liaise with Relationship Managers to finalize account opening profiles.

Skills

Due diligence checks

AML/KYC compliance

Data analysis

Client service

Education

Diploma or Degree

Job description

To support Private Wealth Management Relationship Manager(s) in providing client service to the clients, ensuring that all documentation including KYCs (Know Your Customers) relating to PWM transactions are in order and in accordance to Compliance guidelines.

Functional

• Support the team by providing administration duties such as:

1. Perform an independent review of Private Wealth Management clients’ account opening AML/KYC profile for adequacy and compliance with legal, regulatory and policy requirements.
2. Conduct appropriate due diligence checks (ie. Source of Wealth, name screenings, transaction reviews, etc) and information searches to comply with bank standards of client onboarding as well as in accordance to the Group AML/CFT policy and procedures.
3. Liaise with Relationship Managers and their Assistants to complete the required account opening AML/KYC profile and to provide advisory and guidance on AML/KYC requirements where required.
4. To ensure timely review of clients’ AML/KYC account opening profile
5. Proactively identify areas of improvement, suspicious AML or other non-compliance issues to relevant parties and management.
6. Involved in management reporting and data analysis on account opening and AML/KYC reviewsll

Education/ Qualification

• Diploma or Degree holder

Experience

• Minimally 3 to 5 years’ working experience, preferably in private banking/ wealth management