Periodic Review Compliance Officer

Julius Baer; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Julius Baer Singapore invites a compliance professional to oversee periodic reviews and KYC/CDD activities for high and highest risk client relationships. You will collaborate with Front Office, CDS, and Risk Management to ensure regulatory adherence and robust risk controls.

The role emphasizes timely identification of KYC information gaps, escalating suspicious activities, and supporting internal/external audits and projects within a private banking context.

Qualifications

• 3–6 years in KYC On-Boarding or Periodic review or AML in private banking/wealth management.
• Good understanding of Private Banking and MAS 626 guidelines.
• Experience with regulatory inspections and audits is preferred.

Responsibilities

• Review and approve High/Highest risk client relationships and KYC/due diligence documents.
• Coordinate with Front Office, CDS, KYC/AML onboarding, and Risk Management teams.
• Support periodic review submissions and address elevated risk and adverse news.
• Assist regulators and internal auditors with inquiries and inspections.

Skills

KYC/AML

Risk management

Stakeholder management

Analytical skills

English proficiency

Education

Bachelor's degree in finance/related field

Tools

MS Office

Job description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let's shape the future of wealth management together.

The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Julius Baer, aiming at sustainable growth of the franchise.

Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.

The Periodic Review Compliance Officer ("PR CO") will be responsible for Compliance Singapore's review and approval of all High and Highest existing client relationships, portfolios and accounts booked in Bank Julius Baer Singapore ("BJBS").

YOUR CHALLENGE

People Management

• Support the CRO and Senior Management of BJBS Branch in ensuring compliance with external and internal regulations in the areas mentioned above and actively manage operational, regulatory and reputational risks.
• Part of the Periodic Review team of Compliance Officers supporting BJBS Branch.

Client Management (internal & external)

• Build strong relationships with key stakeholders such as the BJBS Front Office, Client Documentation Services (CDS), KYC/AML On-Boarding, AML Investigations and Risk Management teams.
• Support Head of AML/KYC Singapore and the Head of Periodic Review in the management of Compliance's review of existing accounts booked in BJBS, including uplifting of existing KYC/SOW information, identification of new KYC/SOW information as well as review of new/incremental CDD risk identified during the duration of the client’s relationship with BJBS.
• Collaborate and guide local and overseas Relationship Managers (i.e. Hong Kong, Thailand and Dubai) in their periodic review submissions, including KYC profile changes, account structure changes and newly identified adverse news and risk elements
• Assist and support ad-hoc KYC/CDD related matters and enquiries from regulators, auditors (internal and external) and Head Office

Business Management

• Review client's profile for the relevant periodic review period to ensure conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards; Ensuring completeness, consistency and accuracy of KYC information, adequacy of source of wealth ("SOW") narrative and reasonableness of plausibility assessment
• Perform client risk assessments and due diligence analysis with focus on High/Highest risk profiles
• Assess and address incremental AML/KYC risk noted during periodic review; escalations on incremental risks noted on client profile
• Review and assess name screenings to facilitate periodic review (Google, World check, Factiva).
• Perform transaction review for all transactions occurring during the relevant periodic review period; Ensuring the transactional activities are aligned with client's risk profile; Identify and investigate any suspicious transactions.
• Participate in projects, process improvement and discussions relating to KYC/CDD

Regulatory Responsibilities &/OR Risk Management

• Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
• Ensure KYC/CDD issues are properly identified, assessed and documented.
• Timely escalations where KYC/CDD measures cannot be completed, especially where suspicious activities /conduct is identified.

YOUR PROFILE

Personal and Social

• Strong Personality with good organisational skills
• Team Player
• Ability to manage internal and external stakeholders
• Setting the right priorities and ability to work on multiple assignments at the same time
• A strong sense of responsibility and impeccable integrity
• Strong analytical skills; detailed-oriented
• Excellent command of spoken and written English, proficiency in other Asian language(s) will be an advantage

Professional and Technical

• At least 3-6 years' experience in either KYC On-Boarding/Periodic review and/or AML role in Private Banking/Wealth Management
• A good degree and understanding of the Private Banking and Wealth Management industry
• Strong knowledge of the MAS 626 Notice & Guidelines
• Experience in managing AML/CFT-related regulatory inspections, external and/or internal audits and strategic projects
• PC proficient: MS Word, Excel, PowerPoint