Senior Analyst/Assistant Vice President, CDD group

SUMITOMO MITSUI BANKING CORPORATION Singapore Branch; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading bank in Singapore is seeking a KYC/AML Analyst to support due diligence and compliance processes. The successful candidate will handle document procurement, conduct risk assessments, and ensure regulatory adherence. Candidates should possess a Bachelor's degree and experience in corporate finance KYCs, with additional AML certifications preferred.

Qualifications

• Bachelor’s Degree with experience in corporate/project finance KYCs preferred.
• Certifications in AML are an added advantage.
• Familiarity with regulatory requirements pertaining to KYC/AML is essential.

Responsibilities

• Perform preliminary due diligence checks for new potential deals.
• Review KYC documents to ensure compliance with regulatory requirements.
• Conduct risk assessments on existing clients applying for new facilities.

Skills

Detail-oriented

Proactive

Organized

Interpersonal skills

Effective communication

Education

Bachelor’s Degree in Finance or related field

Tools

Microsoft Office

Internet search tools

Job description

Responsibilities

• Perform preliminary due diligence checks for deal teams for new potential deals.
• Engage in discussions with deal teams to understand and help to troubleshoot on issues that may arise during the document procurement process.
• Drawing up ownership structures, transaction structures and funds flow structures from documents provided by clients.
• Review and ensure documents collected for KYCs are complete and properly certified in accordance with regulatory and internal requirements.
• Perform various due diligence checks on clients on external and internal platforms and databases.
• In addition to providing adequate mitigations and thorough risk assessments, ensure accurate data inputs on eKYC and conduct independent validation on documents provided by clients.
• Raise exceptional handling memos where required. Conduct risk assessments to address on trigger events and/or adverse news (among others) as well as memos for existing clients applying for new facilities.
• Raise preliminary assessment memo for deferred completion of KYC for advisory transactions.
• Conduct annual KYC reviews/ trigger reviews within stipulated due dates and with minimal reworks.
• Review daily AML alerts escalated to the department and ensure prompt and timely closure of alerts.
• Provide support on other AML/ KYC related matters as may be required for any other reports/ projects/duties as well.

Requirements

• Bachelor’s Degree with experience in corporate/ project finance KYCs preferred.
• Certifications in AML would be an added advantage.
• Familiar with regulatory requirements pertaining to KYC/ AML eg MAS Notice 626.
• Meticulous, proactive, organized and motivated.
• Team player who is able to multi-task and prioritize work.
• Possess good interpersonal skills and communicate effectively with internal and possibly external customers.
• Proficient in Microsoft Office applications and internet search tools.