VP, KYC Onboarding Team, Financial Crime Middle Office

SUMITOMO MITSUI BANKING CORPORATION Singapore Branch; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading banking institution in Singapore is looking for a KYC Manager with 8-10 years of experience in corporate or investment banking. You will oversee KYC onboarding processes, guide a team to ensure compliance with regulatory standards, and conduct risk assessments. Excellent leadership and communication skills are essential for this fast-paced role.

Qualifications

• 8-10 years of KYC onboarding experience in corporate banking or investment banking.
• Familiar with regulatory requirements for KYC/AML.
• Experience in conducting due diligence checks and risk assessments.

Responsibilities

• Plan and manage resources for KYC onboarding.
• Guide team on KYC compliance with regulations.
• Monitor team's response to AML alerts.

Skills

KYC onboarding experience

Leadership skills

Analytical skills

Communication skills

Proficiency in Microsoft Office

Education

Bachelor’s Degree

Job description

Job Responsibilities

• Plan, manage and allocate resources efficiently and ensuring fair allocation of work.
• Coordinate with Client Onboarding Facilitation Group in arranging for meetings with Front Offices for prioritization of KYCs/ Client Onboarding cases.
• Guide and mentor team to ensure accurate KYC documentation procured complies with MAS Regulation and internal policies in addition to identification of red flags and conducting thorough risk assessments with minimal mistakes/ errors.
• Coordinate with various internal stakeholders to ensure smooth end-to-end KYC onboarding process.
• Provide guidance to the team and participate in discussions with Compliance Teams and other stakeholders on KYC approach for complex legal structures, including Trusts, Funds among others.
• Organize and support User Acceptance Testing for system enhancements and other adhoc projects where required.
• Monitor and ensure team addresses AML alerts that are escalated in a prompt and timely manner.
• Coordinate and ensure team supports on the AML/ KYC related matters as may be required from time to time.
• Draft, maintain and update procedure manuals as needed.
• Provide monthly and/or adhoc updates of the KYC Onboarding status to Management.

Job Requirements

• Bachelor’s Degree with 8-10 years of KYC onboarding experience in corporate banking and/or investment bank.
• Certifications in AML would be an added advantage.
• Familiar with regulatory requirements pertaining to KYC/ AML (MAS Notice 626).
• Experience in conducting various due diligence checks, risk assessments and managing a team is essential.
• Possess strong leadership, analytical and communication skills to guide the team and to collaborate with internal stakeholders and possibly external customers.
• Able to work independently in a fast-paced and deadline driven environment.
• Proficient in Microsoft Office applications