*Urgent* 1 Year Contract KYC Specialist (Private Banking) - (up to $6500) #NJE

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A recruitment agency in Singapore is seeking a KYC Compliance Specialist responsible for conducting client due diligence and ensuring compliance with regulatory standards. The role involves remediating KYC records, overseeing risk assessments, and collaborating with internal stakeholders. Ideal candidates should have experience in AML/KYC processes and strong analytical skills. Located in Singapore, this position offers a dynamic working environment.

Qualifications

• Experience in client due diligence and KYC processes.
• Strong understanding of AML regulations and compliance standards.
• Ability to analyze and remediate KYC records effectively.

Responsibilities

• Conduct assessments and document compliance with CDD procedures.
• Remediate KYC records and identify documentation gaps.
• Oversee client due diligence and risk assessments.

Job description

1. Conduct detailed assessments and clearly documenting client SoW to ensure compliance with CDD procedures and regulatory standards set by the Monetary Authority of Singapore (MAS).
2. Remediate existing KYC records related to SoW, identifying gaps in documentation and implementing corrective actions to address these issues.
3. Ensure performance of KYC to the standards expected by the Monetary Authority of Singapore and in accordance with the bank’s AML and KYC Policies and Procedures. This includes reviewing and checking for completeness of CDD information (including SOW/SOF) and supporting documentations for new and existing customers (periodic review) and performing risk assessments in line with the bank’s AML and KYC Policies and Procedures.
4. Oversee the execution of client due diligence processes, ensuring thorough assessments of client risk profiles. Ensure that appropriate enhanced due diligence is performed on high-risk clients, including politically exposed persons (PEPs) and clients from high-risk jurisdictions.
5. Lead the identification and assessment of potential KYC-related risks associated with new and existing clients. Implement appropriate risk mitigation strategies and escalate issues as necessary to senior management.
6. Collaborate with internal stakeholders, including compliance, operations, and relationship managers, to ensure effective remediation are executed promptly.
7. Develop and maintain documentation related to remediation efforts, including tracking the status of outstanding SoW verifications and resolutions.
8. Perform data analysis to identify clients requiring remediation and prioritize cases based on risk levels.
9. Prepare and submit reports on remediation progress and outcomes to senior management

Joy Yeow Zhi Qian

(CEI Registration No:R2096261)
Recruit Express Pte Ltd (EA Licence No: 99C4599)