KYC Compliance Officer - Wealth Management (6-Month Contract)

MORGAN MCKINLEY PTE. LTD.; Singapore; On-site; SGD 70,000 - 90,000; Part time

Job summary

MORGAN MCKINLEY PTE. LTD. is seeking a KYC Compliance Officer to support Wealth Management Compliance by conducting client due diligence and Source of Wealth assessments to ensure regulatory compliance and mitigate financial crime risks.

The role involves performing KYC reviews for private banking clients, assessing SoW/SoF, collaborating with Relationship Managers, reviewing ownership structures and adverse media, and producing clear assessment reports within a six-month contract.

Qualifications

• Minimum 3 years of relevant KYC/AML experience, including hands-on Source of Wealth assessment.
• Experience with Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), periodic reviews, or KYC remediation.
• Ability to assess wealth plausibility, corroborate evidence, and identify inconsistencies.
• Familiarity with Singapore AML/CFT regulations and risk-based due diligence practices.
• Strong analytical, research, written communication, and stakeholder management skills.
• Attention to detail and ability to manage multiple cases within deadlines.
• Commitment to a six-month contract.

Responsibilities

• Conduct KYC and due diligence reviews for wealth-management clients to identify documentation gaps and detect financial crime risks
• Assess Source of Wealth (SoW) and Source of Funds (SoF) information by verifying evidence
• Perform independent research and plausibility checks on clients' wealth profiles to corroborate information
• Collaborate with Relationship Managers and stakeholders to obtain necessary information and resolve review findings
• Review ownership structures, adverse media, sanctions, and other risk factors, escalating concerns appropriately
• Prepare clear assessment reports, document recommendations, and maintain comprehensive review records
• Manage and complete assigned cases within agreed timelines while ensuring quality and accuracy

Skills

KYC/AML experience

CDD/EDD

Stakeholder management

Analytical skills

Communication

Job description

Job Summary

Our client, a global bank, seeks a KYC Compliance Officer to support Wealth Management Compliance by conducting client due diligence and Source of Wealth assessments to ensure compliance and mitigate financial crime risks.

Responsibilities

• Conduct KYC and due diligence reviews for wealth-management clients to identify documentation gaps and detect potential financial crime risks
• Assess Source of Wealth (SoW) and Source of Funds (SoF) information by verifying supporting evidence and explanations of wealth accumulation
• Perform independent research and plausibility checks on clients' wealth profiles to corroborate information
• Collaborate with Relationship Managers and stakeholders to obtain necessary information and resolve review findings
• Review ownership structures, adverse media, sanctions, and other risk factors, escalating concerns appropriately
• Prepare clear assessment reports, document recommendations, and maintain comprehensive review records
• Manage and complete assigned cases within agreed timelines while ensuring quality and accuracy

Required competencies and certifications

• Minimum 3 years of relevant KYC/AML experience, including hands-on Source of Wealth assessment for private banking or wealth management clients
• Experience conducting Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), periodic reviews, or KYC remediation
• Ability to assess wealth plausibility, corroborate evidence, and identify inconsistencies effectively
• Familiarity with Singapore AML/CFT regulations and risk-based due diligence practices
• Strong analytical, research, written communication, and stakeholder management skills
• Attention to detail and ability to manage multiple cases within deadlines
• Commitment to a six-month contract

Preferred competencies and qualifications

• CAMS certification or an ICA compliance qualification is advantageous

Other Information

• EA Licence No.: 11C5502
• EA Registration No.: R1331697