*Position:* AML/ KYC Compliance Officer ( *3 mths contract )
We are hiring for a top tier private bank.
Work location: CBD, work in office- no work from home
GENERAL DESCRIPTION
The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for the bank,aiming at sustainable growth of the franchise.
Compliance is part of the Risk, Legal and Compliance Division of the bank and supportsthe Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.
The KYC Compliance Officer (“KYC CO”) will support the Global Client Risk Review, responsible for Compliance Singapore’s KYC / CDD review and approval of High and Highest existing client relationships booked in the bank ensuring that client files meet internal standards and regulatory requirements with particular emphasis on Source of Wealth corroboration, Reputational Risk Assessment and overall alignment with the firm’s Global Risk Appetite Tolerance Framework (GRATS).
KEY FEATURES OF THE POSITION
* Support Head of AML/KYC Singapore and the Head of KYC in the management of Compliance’s review of existing client relationships booked in the bank.
* Part of the KYC team of Compliance Officers supporting Compliance Singapore’s review in the execution of a Client Book Review initiative – aligned with the firm’s Global Risk Appetite Tolerance Framework (GRATS).
* Demonstrate of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations.
* Conduct KYC / CDD review of High and Highest existing client relationships booked in BJBS, ensuring conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards with specific focus on Source of Wealth corroboration, Reputational Risk Assessment and overall alignment with the firm’s Global Risk Appetite Tolerance Framework (GRATS).
* Ensure the KYC/CDD issues are properly identified, assessed and documented with appropriate risk assessment and addressing any AML/KYC risk.
* Review and assess client transactional activities, name screening results, and assess adverse media, exercising judgment to identify unusual patterns and potential issues.
* Prepare materials and follow-up on remediation actions.
SKILLS REQUIREMENTS OF THE POSITION·
* Ability to manage internal and external stakeholders
· Setting the right priorities and ability to work on multiple assignments at the same time
· A strong sense of responsibility and impeccable integrity
· Strong analytical skills; detailed-oriented
· Excellent command of spoken and written English, proficiency in other Asian language(s) will be an advantage
* At least 5 to 6 years’ experience in either KYC On-Boarding/Periodic review and/or AML role in Private Banking/Wealth Management
* Ability to work independently and with sound judgment
* Hands-on experience handling high-risk clients, including PEPs, complex ownership structures, trusts, and offshore arrangements.
* A good degree and understanding of the Private Banking and Wealth Management industry
* Strong knowledge of the MAS 626 Notice & Guidelines
* PC proficient: MS Word, Excel, PowerPoint
Reporting Line- Report to Head of KYC
If you are interested, please sendyour updated CV to jency.chan@tangspac.com or apply via the link.
EA Reg No: 25C2690
EA License: R22105542
Only shortlisted candidates willbe notified.
