Private Banking Compliance Officer

GREENLANE PRIVATE LTD.; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

GREENLANE PRIVATE LTD. is seeking a Private Banking Compliance Officer / Senior Officer to support the establishment and growth of the Bank's private banking business in Singapore.

The role focuses on compliance advisory, control support, KYC/CDD/EDD, and transaction monitoring to ensure MAS regulations are met. The successful candidate will work with Relationship Managers and various internal stakeholders to implement controls, policies and procedures, and to assess and mitigate AML/CFT risks

Qualifications

• Bachelor's degree in Finance, Banking, Law, Accounting or related discipline.
• 3–5 years of Private Banking Compliance or AML/CFT experience in Singapore.
• Experience with private banks, wealth management institutions or financial institutions preferred.

Responsibilities

• Support establishment and development of Private Banking; ensure MAS regulation compliance.
• Develop and review AML/CFT, KYC/CDD/EDD, SOW/SOF assessment policies.
• Draft onboarding documents, customer agreements, and compliance procedures.
• Provide advisory on Private Banking products and services including deposits, FX, lending, funds and structured products.
• Review client onboarding, ongoing management, and transaction monitoring; advise on risk.

Skills

Bilingual EN/ZH

Stakeholder management

Analytical skills

Communication skills

Independent working

Education

Bachelor's degree in Finance, Banking, Law or related

ACAMS

ICA

CAMS

Job description

We are seeking a Private Banking Compliance Officer / Senior Officer to support the establishment and development of the Bank's private banking business in Singapore.

The successful candidate will provide compliance advisory and control support across Private Banking, AML/CFT, KYC/CDD/EDD, client onboarding, customer risk assessment, sanctions screening and transaction monitoring , ensuring compliance with applicable MAS regulations, Singapore AML/CFT requirements and the Bank's internal policies and procedures .

Key Responsibilities

• Support the establishment and development of the Bank's Private Banking business in Singapore , ensuring compliance with MAS regulations, Singapore regulatory requirements and internal policies.
• Develop, draft and review Private Banking AML/CFT, KYC/CDD/EDD, customer risk assessment, client onboarding and compliance policies and procedures .
• Draft and review Private Banking account opening documents, customer agreements, product and service procedures, compliance guidelines and other related documentation .
• Provide compliance advisory on a broad range of Private Banking products and services , including deposits, foreign exchange (FX), financing, insurance and trust referrals, funds, bonds, equities and structured products.
• Review and advise on Private Banking client onboarding and ongoing client management , including KYC/CDD/EDD, Source of Wealth (SOW), Source of Funds (SOF), customer risk assessment, PEP and sanctions screening, periodic reviews and transaction monitoring.
• Assess and advise on complex or higher-risk client cases, identifying potential AML/CFT, sanctions, reputational and regulatory risks and recommending appropriate risk mitigation measures.
• Work closely with Relationship Managers, Front Office, Operations, Legal, Risk, Compliance and other internal stakeholders to ensure timely resolution of compliance matters and effective implementation of controls.
• Draft business requirements, functional specifications and compliance control requirements for Private Banking systems and technology enhancements.
• Work with IT and relevant stakeholders on the design, implementation, testing and enhancement of Private Banking systems and compliance controls .
• Support the development and implementation of compliance controls, processes and monitoring frameworks as the Private Banking business grows.
• Provide compliance advisory and support for regulatory reporting, escalation and remediation activities where required.
• Monitor regulatory and industry developments and assess their impact on the Bank's Private Banking business and compliance framework.
• Perform other compliance-related duties and projects as assigned by the Department Head or Team Head.

Job Requirements

• Bachelor's degree in Finance, Banking, Business, Law, Accounting or a related discipline .
• Minimum 3-5 years of relevant Private Banking Compliance, Wealth Management Compliance or AML/CFT experience in Singapore.
• Experience with a private bank, international bank, wealth management institution or established financial institution is preferred.
• Strong practical knowledge of Private Banking compliance, AML/CFT, KYC/CDD/EDD, client onboarding, customer risk assessment, SOW/SOF assessment, PEP and sanctions screening, periodic review and transaction monitoring .
• Good understanding of MAS regulations and Singapore's AML/CFT regulatory framework , including requirements applicable to Private Banking and high-net-worth clients.
• Strong understanding of Private Banking products and services, including deposits, FX, lending/financing, funds, bonds, equities and structured products .
• Experience in compliance advisory, policy and procedure development, system implementation or compliance control enhancement will be an advantage.
• Strong written and verbal communication skills in English and Chinese , with the ability to draft and review compliance and Private Banking documentation and communicate effectively with Chinese-speaking clients, Relationship Managers and Head Office stakeholders.
• Strong analytical, problem-solving and stakeholder management skills.
• Proactive, detail-oriented and able to work independently in a fast-paced environment.
• A strong team player with excellent communication and interpersonal skills.
• Relevant professional qualifications such as ACAMS, ICA, CAMS or other compliance/AML certifications will be an advantage.