Private Banking KYC & AML Compliance Manager

HL Bank Singapore; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

HL Bank Singapore is seeking a compliance-focused KYC/AML professional to support Customer Due Diligence, Source of Wealth corroboration, and ongoing PB reviews. The role involves reviewing account openings, triggering events, and liaising with Compliance for quality submissions, while ensuring adherence to internal policies and MAS guidelines.

The candidate will assess name screenings, perform audit-ready QA testing, and contribute to management reporting, with a focus on anti-money laundering

Qualifications

• Experience with MAS Notice 626 AML/CFT requirements.
• Knowledge of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Familiar with KYC processes for Private Banking (PB).

Responsibilities

• Review Account opening, Periodic review and triggering event submissions to ensure AML/CFT compliance.
• Source of Wealth (SoW) corroboration: validate legitimacy of client wealth through corroborative evidence.
• Identify and verify PB clients, understand complex ownership structures and corporate entity arrangements.
• Provide guidance to Relationship Managers with SoW journeys and ensure high-quality submissions.
• Verify origin and purpose of funds and ensure consistency with client profiles.
• Review PB client transactions during Ongoing reviews to identify red flags.
• Name screening: assess hits for false positives and materiality of unverifiable hits.
• Conduct monthly QA control testing of PB end-to-end process to ensure compliance.
• Identify root causes and propose solutions from audits and internal reviews.
• Prepare management reports for necessary meetings.

Job description

HL Bank Singapore is seeking a compliance-focused KYC/AML professional to support Customer Due Diligence, Source of Wealth corroboration, and ongoing PB reviews. The role involves reviewing account openings, triggering events, and liaising with Compliance for quality submissions, while ensuring adherence to internal policies and MAS guidelines.

The candidate will assess name screenings, perform audit-ready QA testing, and contribute to management reporting, with a focus on anti-money laundering