KYC Onboarding Specialist
Job description
Our client, a leading and established bank, is looking to bring onboard an experience KYC individual. As part of their growth plans, you will part of their compliance team, responsible for conducting due diligence reviews for new accounts, and ongoing periodic customer reviews in line with MAS regulations, Group directives and local policies. This position reports to the Head of AML/CFT.
Your responsibilities:
Conduct comprehensive customer due diligence (“CDD”) and documentation reviews for the onboarding of new clients and periodic account reviews.
Conduct risk assessments based on customer profiles, transaction patterns, and other relevant factors to identify and mitigate potential financial crime risks.
Conduct periodic reviews of existing client accounts to ensure continued compliance with KYC/AML regulations and internal policies.
Ensure strict adherence to Group and local policies and procedures, and MAS regulations during the due diligence process for new account openings and existing client accounts.
Collaborate closely with relevant business teams and key stakeholders to address any CDD deficiencies required for client acceptance.
Contribute to execution excellence of the Bank’s account opening review process while complying with regulatory requirements, i.e. prompt turnaround time to open accounts.
Up keeping of relevant internal policies and procedures to be in line with regulatory changes.
Requirements:
Bachelor’s degree ideally in business, accounting, or related banking disciplines.
Minimum 5 years’ relevant experience in customer due diligence review preferably within the corporate banking or private banking segment.
Strong knowledge in Microsoft Office application, especially in Word, Excel and Powerpoint.
Strong understanding of customer due diligence requirements and Anti-Money Laundering/Countering the financing of terrorism regulations.
ACAMS qualification or Graduate Diploma in Compliance or AML preferred but not compulsory.