KYC Analyst(PBWM) - 6/12 Months Contract - up to SGD5.5k

MORGAN MCKINLEY PTE. LTD.; Singapore; On-site; SGD 48,000 - 72,000; Full time

Job summary

A leading company in private banking is seeking a KYC Analyst for a contract role in Singapore. The candidate will be responsible for overseeing account opening processes, guiding Client Advisors on KYC requirements, and ensuring compliance with regulatory standards. This role demands strong analytical skills and a background in banking, offering opportunities for renewal and extension.

Qualifications

• 1-3 years doing KYC reviews in a private banking environment.
• Knowledgeable in operations, account documentation, and risk management.
• Experience with Source of Wealth (SOW) and Source of Funds (SOF) corroboration.

Responsibilities

• Oversee accurate and timely account opening processes.
• Review account opening documents and ensure KYC data is updated.
• Train Front Office staff on legal documentation and KYC subjects.

Skills

Analytical skills

Problem-solving skills

Team leadership

Education

Diploma or Degree in Banking, Accountancy, Business Administration

Job description

Morgan McKinley is currently hiring for a KYC Analyst for a contract role with our private banking client - highly renewable/extendable!

Responsibilities:

• Oversee accurate and timely account opening processes for both individual and corporate clients.
• Review account opening documents and ensure KYC data is updated in the system.
• Provide guidance to Client Advisors on complex account structures and KYC requirements.
• Perform client name checks using approved bank systems.
• Liaise with the KYC/AML team and COO office for account setup.
• Ensure document deficiencies are managed in line with bank procedures.
• Train Front Office staff on legal documentation and KYC subjects.
• Escalate risks to the relevant managers and contribute to risk mitigation strategies.
• Enhance risk assessments and produce management reports to improve control processes.
• Ensure compliance with global KYC/AML standards and local regulations.
• Participate in designing and implementing strategies to improve processes and performance in collaboration with COO and change management teams.

Qualifications:

• Diploma or Degree in Banking, Accountancy, Business Administration, or related fields preferred.
• With 1-3 years doing KYC reviews (as reviewer/checker) in a private banking environment. Knowledgeable with all the forms that private banking uses.
• Experience with Source of Wealth (SOW) and Source of Funds (SOF) corroboration
• Knowledgeable and experienced in operations, account documentation, risk management, sophisticated AML/KYC knowledge and experience in banking or financial industry.
• Good to have team management or stakeholder management experience.
• Strong analytical and problem-solving skills.
• Effective team leadership with the ability to manage multiple tasks in a dynamic environment.

Interested candidates may apply through the application system or send it to [e-mail]. Shortlisted candidates will be notified.

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Morgan McKinley Pte Ltd
Koh Boon Sien
EA Licence No: 11C5502
EA Registration No. R1110345