Senior Associate/Associate, Know Your Customer (KYC) Specialist, CDD Review, Institutional Bank[...]

BMO Harris Bank; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

BMO Harris Bank is seeking an AML/KYC Analyst to join their Customer Onboarding and Review team. The role involves conducting customer due diligence reviews, providing crucial advisory support, and ensuring AML compliance. Candidates should possess a Bachelor's degree, relevant experience, and strong analytical skills. This position offers a dynamic environment with competitive salary and benefits.

Benefits

Competitive salary and benefits package

Dynamic work environment

Qualifications

• Bachelor's degree with at least 3 years of relevant working experience.
• Strong knowledge of MAS 626 on CDD requirements.
• ICA or ACAMS professional certification is a plus.

Responsibilities

• Conduct CDD Account reviews for existing SME Banking Customers.
• Perform KYC Screening, review past transactions, and conduct enhanced due diligence.
• Mentor junior analysts in the team.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Communication skills

Interpersonal skills

Education

Bachelor's degree

Tools

Dow Jones Factiva

World Check

Job description

Business Function

Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Responsibilities

The position is part of the Anti-Money Laundering / Know Your Customer ("AML/KYC") - Customer Onboarding and Review ("CORE") team within the COO Office in IBG. The CORE team is a centralized specialist team established to scale independent, quality and effective management of money laundering / terrorist financing risks during onboarding and Customer Due Diligence ("CDD") reviews.

• To conduct CDD Account reviews for existing SME Banking Customers
• To work directly (or through the Relationship Managers) with existing customers for timely completion of reviews.
• To guide existing customers in providing us with the required KYC information and documents (which include KYC Questionnaires, SoW documents ).
• To perform KYC Screening, review past transactions, conduct enhanced due diligence and assess the AML/CFT/sanctions risk of prospects and existing customers.
• To escalate potential risk concerns in a timely manner and make risk calls where appropriate.
• Provide advisory support to the Business Units with regard to CDD documentation issues and requirements.
• To mentor junior analysts in the team.
• To be proactive in identifying opportunities for operational efficiency and AML effectiveness.
• Participate and contribute in process improvements to drive greater efficiencies.
• Support team lead in tracking outstanding cases and ensuring timely and appropriate follow-up action.

Requirements

• Bachelor's degree with at least 3 years of relevant working experience.
• Good verbal and written communications skills.
• Open-minded and able to prioritize and multi-task in a dynamic environment.
• Can-do attitude with strong customer/user-centric mindset.
• Analytical and problem-solving skills.
• Ability to work independently and as a team.
• Strong interpersonal skills and proactively delivering solutions.
• Strong attention to detail.
• Strong knowledge of MAS 626 on CDD requirements.
• Familiar with screening tools (e.g. Dow Jones Factiva, World Check).
• ICA or ACAMS professional certification is a plus.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.