KYC Analyst (Ongoing Review) - Private Banking Compliance

D L RESOURCES PTE LTD; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

The Private Bank KYC Client Ongoing Review Team is seeking a qualified candidate to ensure that existing private banking client profiles, activities, and documentation stay aligned with the banking relationship and AML/CFT requirements.

You will review completed KYC ongoing reviews, identify risk issues, and provide guidance to stakeholders while supporting the bank's AML control framework. Strong attention to detail is essential to meet deadlines.

Qualifications

• At least 3 years hands-on experience in AML, KYC, client onboarding review or ongoing periodic review.
• Prior experience in Private Banking or Wealth Management is preferred.
• Familiarity with MAS Notice 626 and international AML/CFT standards.

Responsibilities

• Perform quality review of KYC periodic ongoing reviews (OGRs) for existing private banking clients.
• Ensure reviews are completed according to internal AML policies, Private Bank procedures, and regulatory requirements.
• Assess client profile, source of wealth, source of funds, account activity and transaction behaviour.
• Review cases closed with conditions and decide whether conditions can be removed or further action is required.
• Identify AML/CFT risks, documentation gaps, control issues, or unusual client activity.
• Provide clear guidance to Relationship Managers, Front Office, Compliance, Operations and other stakeholders.
• Handle escalations and propose practical closure strategies or action plans.
• Prepare management reports on operational risk items, review status, exceptions and control issues.

Skills

Analytical skills

Attention to detail

Communication skills

MS Office proficiency

Tools

Microsoft Excel

PowerPoint

Word

Job description

The candidate will join the Private Bank KYC Client Ongoing Review Team, which supports periodic reviews of existing private banking clients. The role focuses on ensuring that client profiles, account activities, and documentation remain consistent with the purpose of the banking relationship and comply with the bank’s Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) requirements.

The candidate will be responsible for reviewing completed KYC (Know Your Customer) ongoing reviews, identifying potential risk issues, providing guidance to stakeholders, and supporting the bank’s overall AML control framework.

Key Responsibilities

• Perform quality review of KYC periodic ongoing reviews (OGRs) for existing private banking clients.
• Ensure reviews are completed according to internal AML policies, Private Bank procedures, and regulatory requirements.
• Assess whether the client’s profile, source of wealth, source of funds, account activity, and transaction behaviour remain appropriate for the private banking relationship.
• Review cases previously closed with conditions and decide whether the conditions can be removed, or whether further escalation or action is required.
• Identify potential AML/CFT risks, documentation gaps, control issues, or unusual client activity.
• Provide clear and timely guidance to Relationship Managers, Front Office, Compliance, Operations, and other stakeholders.
• Handle escalations and propose practical closure strategies or action plans.
• Support AML-related projects as a subject matter contributor or stakeholder.
• Prepare management reports on key operational risk items, review status, exceptions, and control issues.
• Suggest process improvements to strengthen review quality and reduce repeat findings from Business Compliance, Group Compliance, Internal Audit, or External Audit.

Key Requirements

• At least 3 years of hands-on experience in AML (Anti-Money Laundering), KYC (Know Your Customer), client onboarding review, or ongoing periodic review.
• Prior experience in Private Banking, Wealth Management, or handling high-net-worth client reviews is preferred.
• Familiarity with MAS Notice 626 and/or international AML/CFT standards.
• Good understanding of client due diligence, enhanced due diligence, source of wealth, source of funds, risk assessment, and ongoing monitoring.
• Strong analytical skills with the ability to review data, documents, client activity, and risk indicators.
• Strong attention to detail and ability to manage a high volume of review cases within deadlines.
• Good written and verbal communication skills, with the ability to explain review findings clearly to stakeholders.
• Proficient in Microsoft Office, especially Excel, PowerPoint, and Word.
• Able to work independently, manage multiple priorities, and operate in a fast-paced banking control environment.
• Team player with a diligent, hands-on, and solution-oriented working style.

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