Senior APAC Due Diligence Officer

UBS AG; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading global bank in Singapore is seeking an AML due diligence officer to ensure compliance with anti-money laundering regulations. This role involves conducting due diligence for Indian clients, performing AML controls, advising on KYC standards, and preparing for regulatory inspections. The ideal candidate will have a degree in banking or related field, 6 years of relevant experience, and a strong understanding of AML laws in Singapore. Join us to help prevent financial crime and protect our clients.

Qualifications

• 6 years of relevant experience in private banking due diligence or compliance.
• Experience with onboarding Indian clients and understanding Indian business culture.
• Strong practical knowledge of AML/CFT laws in Singapore.

Responsibilities

• Conduct due diligence for Indian resident and non-resident clients.
• Perform AML controls and report findings on clients.
• Provide advice on KYC standards and local regulations.
• Prepare for regulatory inspections and audits.
• Implement changes for compliance with AML regulations.

Skills

Research capability

Communication skills

Knowledge of AML/CFT laws

Organizational skills

Attention to detail

Education

Bachelor’s/master’s degree in banking or related field

Job description

Your role :

Are you detail oriented with strong research capability? Do you have a strong sense of when things are not as they seem?

We’re looking for an AML due diligence officer to:

• cover initial and ongoing due diligence of mainly Indian resident and non-resident clients
• perform and report on AML controls of new and existing private banking clients, as well as any other ad-hoc reviews through both manual and electronic means
• provide advice regarding due diligence, KYC standards, internal policies and local regulations
• prepare for and provide follow-up for regulatory inspection and audits
• review and identify changes in AML regulations, assessing potential impact on existing policies/procedures and implementing changes to ensure compliance
• keep on top of regulatory developments in the prevention of money laundering and terrorist financing activities
• carry out AML related investigations and report suspicious transactions to the local authorities

Your team :

You’ll be working in the Compliance & Operational Risk Control, Global Wealth Management Due Diligence Office & Politically Exposed Persons APAC (C&ORC GWM DDO & PEP) team in Singapore. We are comprised of both Due Diligence Officers (DDO) and our Periodic Know Your Client teams. We work as a gatekeeper in preventing money laundering, corruption and the financing of terrorism (AML/CFT). As an AML due diligence officer, you’ll play an important role in reviewing and approving new account openings.

Your expertise :

• bachelor’s/master’s degree or equivalent in banking or a related field
• ideally 6 years of previous relevant experience in private banking due diligence, compliance, controls or audit
• previous work pertaining to wealth management onboarding of Indian clients
• thorough understanding of India, Indian business culture and related potential risks of wealth management clients
• sound practical knowledge of the relevant AML/CFT laws and guidelines in Singapore
• adaptable and organized with a positive can-do attitude
• clear and effective communicator, for report-write ups and providing advice