Senior Private Banking KYC & Compliance Manager

Hong Leong Bank; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

HL Bank Singapore is seeking a diligent AML/KYC professional to perform comprehensive customer due diligence, source of wealth corroboration, and ongoing monitoring for private banking clients. You will support relationship managers, liaise with Compliance, and contribute to quality control across end-to-end KYC processes.

The role focuses on reviewing documentation, identifying complex ownership structures, and ensuring adherence to MAS guidelines.

Responsibilities

• Customer Due Diligence/AML/KYC Review – Account opening, periodic review and triggering event submissions to ensure compliance to MAS Notice 626 (AML/CFT requirements) and its associated guidelines, specifically concerning Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Source of Wealth (SoW) Corroboration – Analyse and request for relevant corroborative evidence to validate the legitimacy and path of a client's entire accumulated wealth (e.g., from business sale, inheritance, successful career).
• Review documents submitted to identify and verify Private Banking (PB) clients including identifying complex ownership structures and understanding legal arrangement of corporate entities.
• Provide guidance to Relationship Managers (RM) with SOW journey write-up as required.
• Liaise with Compliance Team as 1.5 to ensure quality Account opening, periodic review and triggering event review submission.
• Transaction lookback – Verify and analyse origin and purpose of funds being transferred to the bank, ensuring consistency with the client's profile; review transactions of PB clients during ongoing reviews to identify red flags.
• Name Screening – Review name screening assessments done by Front Office (FO), to determine if hits are false positives; provide independent assessment on materiality of true / unverifiable hits identified.
• Audit Controls Testing and Requirements – Independently conduct monthly quality assurance control testing of PB’s end-to-end process including Sales, CA and KYC to ensure compliance with internal and regulatory policies; identify root cause and propose solution to address issues raised by external and internal auditor, AML compliance in their annual or ad-hoc reviews.
• Management Reporting – Preparation of management reports for all necessary management meetings.
• Managerial (team/group responsibilities) – Provide necessary guidance to Junior team members and/or propose process enhancements to improve relevant KYC processes.
• Organizational (organizational responsibilities) – To carry out any other duties as directed by Company Management.

Job description

HL Bank Singapore is seeking a diligent AML/KYC professional to perform comprehensive customer due diligence, source of wealth corroboration, and ongoing monitoring for private banking clients. You will support relationship managers, liaise with Compliance, and contribute to quality control across end-to-end KYC processes.

The role focuses on reviewing documentation, identifying complex ownership structures, and ensuring adherence to MAS guidelines.