Senior CDD & AML Advisor - Wealth Management

emirates nbd bank (p.j.s.c); Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Emirates NBD Bank (P.J.S.C) is seeking an experienced KYC/CDD professional for Wealth Management governance. The role focuses on account opening reviews, periodic reviews and trigger reviews, with emphasis on SoW corroboration, transaction monitoring and regulatory alignment.

The incumbent will engage with Compliance, Front Office and Operations to close CDD gaps, ensure documentation validity and maintain robust governance around AML/CFT standards.

Qualifications

• Min 8 years of banking industry experience in Private Banking or Wealth Management KYC/CDD or client onboarding.
• In‑depth working knowledge of CDD/Compliance/AML procedures and standards in Private Banking/WM.
• Proficient in MAS AML/CFT guidelines and related controls.

Responsibilities

• Conduct end‑to‑end CDD reviews for WM clients including account opening, periodic reviews and trigger reviews.
• Assess client profiles, SoW corroboration and transaction activity for risk‑based suitability.
• Identify documentation gaps and determine appropriate corroboration or escalation to Compliance and Senior Management.
• Collaborate with Front Office to address CDD gaps and propose risk mitigants as needed.
• Prepare CDD related management reports and support governance updates.

Skills

KYC/CDD experience

AML knowledge

Banking experience

Regulatory compliance

Stakeholder liaison

Job description

This role is suitable for individual who has proven hands-on experiences in doing KYC, Customer Due Diligence (CDD) & client onboarding in the Private Banking / Wealth Management space.

TheCDDBusinessAdvisoryandSupport(CBAS)unitoperatesasthe1.5lineofdefenseandfunctionsasabridge betweenBranch’sBusinesssegments(1stlineofdefense)andControl/Support(2ndlineofdefense)unitsto supporttheCorporate&InstitutionalBanking(C&IB)andWealthManagement(WM)businessesonClientDue Diligence(CDD)relatedmattersincluding:

• Documentspreparationrequiredforclientonboardingandperiodicreviews
• LiaisingwithkeystakeholderslikeBusiness,ComplianceandOpsunitstoaddressanygapsintheCDD reviews
• Monitoringofclientaccounts(includingonboardingconditions,adversenews,documentationvalidity)and initiatetriggerreviews
• ConductAML/CFTrelatedin-housesurveillancereviewsalongwithbusinessandcompliance
• PrepareMIS(e.g.monthlyCDDstatisticsreport)andrespondtoAML/CFTregulatorysurveys
• Initiationandimplementationofprocessimprovementanddigitaltransformationprojectstostreamlineandautomatethenamescreeningandreviewprocess

TheprimaryfocusofthisroleistoconductAccountOpeningreviews,PeriodicReviewsandTriggerReviewsfor WealthManagement(“WM”)clients,withafocusonassessingclientprofiles,corroboratingandupliftingSource ofWealth(“SoW”),reviewingtransactionactivity,andensuringthatCustomerDueDiligence(“CDD”)requirementsarecompletedinlinewithregulatoryexpectationsandtheBranch’sinternalpoliciesandprocedures.

Therolerequiressoundprofessionaljudgementinevaluatingcomplexclientprofiles,identifyingmaterialrisk changes,assessingdocumentationgaps,anddeterminingwhetherenhancedreview,additionalcorroboration, riskmitigants,conditions,orescalationisrequiredonarisk-basedbasis.Thejobholderisexpectedtoensurethatreviewconclusionsarewell-reasoned,clearlydocumented,andaligned,withregulatoryexpectationsandtheBranch’sinternalpoliciesand procedures.

KeyResponsibilities

• CDDReviewCoverage:ConductCDDreviewsforWMclientsacrossaccountopening,periodicreviews andtriggerreviews.Thisincludesreviewingclientprofile,ownershipandcontrolstructure,riskrating, purposeofaccount,expectedandactualtransactionactivity,connectedparties,adversenews, documentationvalidity, SoW,andmaterialchangesorriskevents.AssesswhetherCDDrequirementsaremetanddetermine,on arisk-basedbasis,whetheradditionalinformation,documentation,corroboration,riskmitigants, conditions,orescalationtoComplianceandSeniorManagementisrequired.

• SoWRemediation:Enhancementofsourceofwealth(“SoW”)corroborationanddocumentationfor PeriodicReviewsinlinewithMASAML/CFTNoticesandACIPpaper-BestPracticesonSoWDueDiligence.

• Risk-BasedAssessment:Applyarisk-basedapproachwhenassessingclientprofilesandSoW,determiningthescopeanddepthofreview requiredbasedonfactorssuchasclientriskrating,complexity,transactionactivity,andobservedchanges sincethe lastreview.

• ProfessionalJudgementonDocumentationGaps:Exercisesoundprofessionaljudgementwhere standardorhistoricaldocumentationisunavailable,assessingwhetheralternativeformsofcorroboration (e.g.,reputablenewsarchives,statutoryfilings,orprofessionalreferences)arereasonableandsufficient, andclearlydocumentingtherationaleforconclusionsreached.

• UseofGenerativeAIforSoWNarratives:LeveragetheuseofgenerativeAItoolstosupportthedrafting ofSoWnarrativesbyconsolidatinginformationfromsourcessuchaspublicrecords,news,andtransaction history.Applyprofessionaljudgementtoreview,validate,andrefinetheoutputstoensureaccuracy, coherence,andconsistencywiththeclient’soverallprofile

• TransactionAnalysis:Reviewaccounttransactionstoassessconsistencywiththeclient’sstatedprofileand SoW,identifyunusualorunexpectedpatterns,andassesswhetherfurtherreview,clarification,orescalation isrequired.

• StakeholderAdvisoryandRiskMitigation:WorkcloselywithFrontOfficetoprovideguidanceon addressingidentifiedCDDgapsinamannerproportionatetothecustomer’sriskprofile.Wheregaps remain,assessandproposeappropriateriskmitigantsinlinewitharisk-basedapproach,ensuringthatdecisionsaresupportedbyclearanddocumentedrationale.Presentand articulatetheriskassessment,proposedmitigants,andbasisforconclusionstoComplianceandSenior Managementforreviewandendorsement,inlinewithgovernanceandregulatoryexpectations.

• DocumentValidityandOngoingMonitoring:Ensureclientdocumentationremainsvalidandfitfor purpose,andthatupdatesareinitiatedpromptlytoreflectmaterialchangesinclientcircumstances.

• ReportingandGovernance:ProvideinputintoCDDdashboards,managementreports,andgovernance updatestosupportSeniorManagementoversightofaccountopening,periodicreviewandtriggerreview outcomes.

MainTasks

• Conductend-to-endCDDReviews(includingupliftofSoW)forWMclients,applyingarisk-basedapproachtodeterminethescope,depth,andintensityofreview
• Assessclientprofiles,SoW,andtransactionactivityinamannerproportionatetotheclient’sriskratingand complexity,todeterminewhethertheoverallriskprofileremainsappropriate.
• Determinewhetheradditionalinformation,corroboration,riskmitigantsorescalationisrequired,based onriskconsiderations.
• Exercisesoundprofessionaljudgementwhenassessingcomplexclientprofilesordocumentationgaps
• Evaluatethesufficiencyofalternativecorroborationwherestandarddocumentsareunavailable
• Clearlydocumentconclusions,assumptions,andrisk-basedrationaleinlinewithregulatoryandinternalpoliciesandprocedures.
• AssesstheplausibilityofSourceofWealthusingarisk-basedapproach,takingintoaccounttheclient’sriskrating,complexity,andknownactivities,andevaluating againsttransactionhistory
• Reviewtransactionpatternsinamannerproportionatetorisktoidentifyinconsistenciesorunusualactivity.
• Determine,basedonariskassessment,whetherfurtherclarification,enhancedreview,additional corroboration,orescalationisrequired.
• WorkcloselywithFrontOfficetoaddressidentifiedCDDgapsinamannerproportionatetorisk.
• Proposeappropriateriskmitigantswheregapsremain,supportedbydocumentedrationale
• Presentanddefendriskassessments,proposedmitigants,andconclusionstoComplianceandSenior Management
• LiaiseregularlywithFrontOfficetodiscusspipelinesandworkloadplanning.
• ReviewstatusandprioritizationofCDDreviewrequests
• Supporttrackingofkeyaccountopening,periodicreviewandtriggerreviewdeliverables.
• AssistHoDinaddressingorfollowinguponauditqueriesfrominternalandexternalauditors.
• RaiseconcernsorobservationstoHoDonatimelybasis.
• AssistHoDinclosingauditobservations/findingswithinagreedtimelines.
• AssistHoDwithnewandongoingprojectsrolloutsincludingUATandco-ordinatewithoperations,IT,operationsrisk,compliance,groupunitsasrequired
• AssistHoDtoupdatepoliciesandprocedures,whererequired.
• Assistinmanagementofoutsourcingactivities(i.e.,conductingsamplingchecks,participateinperiodic servicereviewmeetingsetc.).
• AssistHODwithCDDrelatedinputsrequiredforcompletionofannualFinancialCrimeRiskAssessment “FCRA”andengageBusinessestoreviewandagreeontheresponses.
• Interactregularlywithkeystakeholders,includingCompliance,FrontOffice,OperationsandHeadOffice teams,tobuildstrongpartnershipsandremoveroadblocks
• Engageregularlywithteammemberstosupportteamcohesionandknowledgesharing
• Preparedepartmentmeetingminutestodocumentdiscussionpointsandfollow-upactions.
• Preparetraining/presentationdecksandconducttrainingwhereapplicable.
• PerformotheradhoctasksasassignedbyHeadofBusinessGovernance/CBASHead.

Requirement

• Min8yearsofbankingindustryexperienceinPrivateBankingorWealthManagementKYC/CDDorclient onboarding(Audit,Risk,AMLmayalsobeareasofexperience)
• IndepthworkingknowledgeofCDD/Compliance/AMLproceduresandstandardsinthePrivateBanking/ WealthManagementspace.
• ProficientinMASregulationsandguidelinesrelatingtoAntiMoneyLaundering(AML)andCounterFinancingofTerrorism(CFT)
• Strongjudgementandanalyticalskillswithhighattentiontodetailandaccuracy
• Priorexperienceofadheringtocontrolsandcompliancestandards
• Strongtimemanagement,organizational,relationshipbuildingskills
• Strongverbal,written,presentationandcommunicationskills
• Goodleadershipinprovidingadvisoryandguidancetojuniorteammembers
• Multi-tasking:Abilitytohandlemultipletasksonhandandcompletethemsimultaneously
• AbilitytounderstandissuesraisedbyFrontOfficeandresolvethesituations
• Positiveworkingattitudeandanalyticalskills
• Goodrelationshipmanagementskills
• Self-motivatedandresourceful
• CollaborativeandTeamplayer
• Adaptabletofastchangingenvironment

*Note that salary commensurate with relevant experience.