Senior Analyst / Assistant Vice President KYC CDD group

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading banking institution in Singapore is looking for a seasoned analyst to conduct comprehensive due diligence checks and risk assessments related to AML and KYC processes. Candidates should hold a bachelor's degree and have at least 7 years of relevant experience in corporate or project finance KYCs, along with familiarity with regulatory requirements. Strong communication skills and proficiency in Microsoft Office are essential. This role is vital for ensuring compliance and effective support for deal teams.

Qualifications

• At least 7 years of experience in corporate/project finance KYCs preferred.
• Familiar with regulatory requirements pertaining to KYC/AML, eg MAS Notice 626.
• Certifications in AML are an added advantage.

Responsibilities

• Perform preliminary due diligence checks for deal teams on new potential deals.
• Review daily AML alerts escalated to ensure timely closure.
• Conduct risk assessments and KYC reviews within stipulated due dates.

Skills

Corporate finance KYC

Team collaboration

Interpersonal skills

Proficient in Microsoft Office

Education

Bachelor's Degree

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 at least 7 experience in corporate/ project finance KYCs preferred.
• Candidates with lesser experience may be considered for the senior analyst role.
• 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.