KYC / Source of Wealth Remediation Analyst (Private Banking) - 12 months

MORGAN MCKINLEY PTE. LTD.; Singapore; Sur place; SGD 60 000 - 90 000; Plein temps

Résumé du poste

Morgan McKinley Pte Ltd is seeking a KYC / Source of Wealth (SOW) Remediation Analyst for a private banking client in Singapore. The role focuses on reviewing and enhancing SOW profiles and documentation to meet regulatory and internal standards.

The ideal candidate has KYC/AML experience, strong Excel/Word skills, and excels at detailed, accurate written communication while meeting targets.

Qualifications

• 3-4 years of KYC / AML experience in private banking.
• Proficiency in Microsoft Excel and Word.
• Strong attention to detail and effective written communication.

Responsabilités

• Assist Client Advisors in identifying and addressing gaps in client SOW profiles to comply with current regulatory standards and internal policies.
• Review and update SOW information and supporting documents to align with the latest compliance standards.
• Collaborate with Client Advisors to obtain additional information and documentation necessary to complete client reviews.
• Prepare and improve SOW narratives by detailing wealth generation drivers, plausibility justifications, and materiality assessments.
• Independently validate and verify corroborating documents for accuracy and completeness.
• Escalate AML red flags promptly to the AML team or Money Laundering Reporting Officer for further investigation.
• Work closely with quality assurance reviewers and SOW checkers to resolve identified quality issues efficiently.
• Perform name screening as required to support compliance efforts.
• Consistently meet assigned targets while maintaining high accuracy and quality standards.
• Support ad hoc initiatives and projects to enhance remediation processes and compliance controls

Connaissances

KYC / AML experience

Excel

Attention to detail

Written communication

Outils

Microsoft Excel

Microsoft Word

Description du poste

Job Summary

Our client, a private bank, seeks a KYC / Source of Wealth (SOW) Remediation Analyst to review and enhance client SOW profiles and documentation, ensuring compliance with regulatory standards and internal requirements.

Responsibilities

• Assist Client Advisors in identifying and addressing gaps in client SOW profiles to comply with current regulatory standards and internal policies
• Review and update SOW information and supporting documents to align with the latest compliance standards
• Collaborate with Client Advisors to obtain additional information and documentation necessary to complete client reviews
• Prepare and improve SOW narratives by detailing wealth generation drivers, plausibility justifications, and materiality assessments
• Independently validate and verify corroborating documents for accuracy and completeness
• Escalate AML red flags promptly to the AML team or Money Laundering Reporting Officer for further investigation
• Work closely with quality assurance reviewers and SOW checkers to resolve identified quality issues efficiently
• Perform name screening as required to support compliance efforts
• Consistently meet assigned targets while maintaining high accuracy and quality standards
• Support ad hoc initiatives and projects to enhance remediation processes and compliance controls

Required competencies and certifications

• 3-4 years of KYC / AML experience in private banking
• Proficiency in Microsoft Excel and Word
• Strong attention to detail and effective written communication skills
• Ability to work independently and consistently meet assigned targets

Preferred competencies and qualifications

• 1-2 years of experience as a KYC / SOW maker or in remediation

Other Information

• Morgan McKinley Pte Ltd
• EA Licence No.: 11C5502
• EA Personnel Registration No.: R1331697