KYC Onboarding & Account Opening (Associate / AVP) – Private Banking (HNW Individuals)

RECRUIT AVENUE PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services firm in Singapore is seeking a KYC Onboarding & Account Opening Specialist to manage the onboarding of High Net Worth clients. The role requires 5–10 years of experience in KYC or client onboarding, ensuring compliance with AML regulations while delivering a high-quality experience. Candidates should possess a Bachelor's degree and preferably AML/KYC certifications. This position is critical to enhancing client relationships and maintaining regulatory standards.

Qualifications

• Bachelor’s degree in finance, business, or a related field.
• AML/KYC certifications such as ACAMS, ICA, or CAMS preferred.
• 5-10 years of experience in KYC and client onboarding.

Responsibilities

• Manage the onboarding process for HNW individual clients for the Private Bank.
• Review and validate account opening documentation for compliance.
• Conduct KYC due diligence including identity and address verification.

Skills

KYC knowledge

AML compliance

Stakeholder management

Attention to detail

Education

Bachelor’s degree

AML/KYC certifications

Job description

KYC Onboarding & Account Opening (Associate / AVP) – Private Banking (HNW Individuals)

Role Summary

The KYC Onboarding & Account Opening Specialist is responsible for the end-to-end onboarding of High Net Worth (HNW) individual clients for the Private Bank. The role ensures that all account opening and KYC activities comply with applicable AML/CFT regulations and internal policies, while delivering a high-touch onboarding experience aligned with private banking service standards.

Key Responsibilities

Client Onboarding & Account Opening

• Manage end-to-end onboarding and account opening for individual HNW clients, including single and joint accounts.
• Review and validate account opening documentation for completeness, accuracy, and regulatory compliance.
• Partner closely with Relationship Managers to ensure efficient onboarding and timely account activation.
• Ensure client risk assessments are completed and approved prior to account opening.

KYC / AML Due Diligence

• Perform KYC due diligence for individual clients, including identity verification, address verification, and client profiling.
• Assess and document Source of Wealth (SoW) and Source of Funds (SoF) in line with regulatory expectations.
• Conduct sanctions, PEP, and adverse media screening.
• Apply Enhanced Due Diligence (EDD) measures for higher-risk HNW clients where required.

Risk & Compliance

• Identify, assess, and elevate onboarding risks or red flags to Compliance as appropriate.
• Prepare clear KYC summaries and risk rationales for approvals.
• Ensure compliance with AML, CFT, FATCA, CRS, and local regulatory requirements.

Stakeholder Collaboration

• Act as a key liaison between Relationship Managers, Compliance, and Operations teams.
• Provide guidance to Private Bankers on onboarding requirements and documentation standards.
• Support internal reviews, audits, and regulatory examinations related to client onboarding.

Process & Quality Control

• Maintain accurate and complete onboarding records with clear audit trails.
• Ensure adherence to service level agreements (SLAs) and turnaround times.
• Contribute to ongoing process improvements and control enhancements within the onboarding function.

Key Requirements

• Bachelor’s degree
• AML/KYC certifications (ACAMS, ICA, CAMS, or equivalent) preferred.
• Min . 5–10 years of experience in KYC, client onboarding, or account opening within Private Banking or Wealth Management.
• Solid knowledge of KYC, AML, SoW/SoF, FATCA, and CRS requirements
• Strong attention to detail and documentation quality.
• Ability to manage multiple onboarding cases in parallel.
• Excellent communication and stakeholder management skills.