Client Due Diligence Specialist (Associate/Senior Associate) Client Due Diligence Specialist (Associate/Senior  …

Bank of Singapore
in Singapore
Permanent, Full time
Last application, 12 Oct 21
Competitive
Bank of Singapore
in Singapore
Permanent, Full time
Last application, 12 Oct 21
Competitive
Client Due Diligence Specialist (Associate/Senior Associate)
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programs that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!
This position within the Business Compliance team of the respective Markets is responsible for supporting the onboarding of all new clients and periodic reviews of the clients of the Bank. The successful candidate is expected to be knowledgeable in AML principles to be able to analyse situations to identify gaps and risks in KYC information and documentation, and to be able to work well within a team and yet take initiative and ownership over his/her own area of work.
Main Duties
  • Review and approval of KYC information and documentation for onboarding of new clients in an efficient and timely manner.
  • Assist Business Compliance Managers and FO to check for completeness and accuracy of CDD files.
  • Assist in obtaining benchmarking to via the use of industry benchmarking system (e.g. Factiva) to assist FO to enhance the documentation of SOW.
  • Assist to obtain detailed screening results (where applicable) and perform first level screening assessment.
  • Coordination and collation of CDD related MIS.
  • Liaise with relationship managers for deficiencies of KYC information and documentation for onboarding.
  • Assist in implementation of new policies and procedures


Qualifications
Requirements
  • Diploma/ Degree holder
  • ACAMs or ICA Certification would be preferred
  • At least 4 - 8 years of experience in AML and client onboarding and periodic reviews in a private banking environment.
  • Knowledgeable and sensitive to the risks involved AML risks of private banking clients
  • Experience in benchmarking tool and disposition of screening results
  • Familiar with excel and preparation of statistics for reporting
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