• Competitive
  • Singapore
  • Contract, Full time
  • Bank Julius Baer & Co Ltd
  • 2019-02-19

KYC Periodic Review Officer (Contract)

  • Full time
  • Singapore
  • 19 Feb 19

The KYC Periodic Review Officer is a key member of the Compliance team. He/she will proactively assist the management in its prime responsibility of complying with the relevant regulations to ensure that the Bank conducts its business within applicable laws, directives, rule and regulations, and in accordance with the Bank’s local and Group Policy on Know-Your-Clients policies/procedures and AML standards and requirements.

Personal Contribution and Responsibilities


  • Review of client profiles for existing accounts prior to account opening and ensure compliance with MAS 626 Notices and Guidelines and to mitigate any reputational risks for the Bank
  • Knowledgeable with reviewing source of wealth (SoW) on Business Ownership, Inheritance, Investments/Property, Employment and corroborating the source of wealth, source of funds
  • Familiar with reviewing in on-boarding new clients for Individuals, Domiciliary Companies, Legal Entities, Financial Institutions, Trusts, External Asset Managers portfolios
  • Review of high risk accounts such as PEPs, Sensitive Industries etc.
  • Review of relevant account changes such as signatories, Power of Attorneys, changes in the source of wealth etc.
  • Conduct screenings and perform adverse news search on clients
  • Manage end-to-end KYC review process for designated portfolios
  • Providing guidance to Front employees on KYC related matters


  • Perform disposition of screening results, request for further information and escalate as required
  • Conduct AML transaction reviews and related investigations, ensuring that proper explanation of transaction background and necessary documentation are in place
  • Conduct investigation and respective follow up actions with RMs and Management including Filing of Suspicious Transaction Reports
  • Monitor and closure of Sanction Alerts and blocking and unblocking of accounts for specific transactions


  • Handle internal and external requests by Audit, Authorities or Head Office
  • Review and update policies, guidelines and procedures
  • Involve in projects, process improvement and discussion
  • Monitoring of new regulatory developments / business practices and ensure implementation of internal control processes


Personal and Social

  • Ability to effectively manage internal and external stakeholders in a highly articulate and professional manner
  • Ability to multi-task and handle compliance (KYC and AML) related projects
  • A team player approach, enjoying working in strong collective
  • Self-driven and adaptable to changing and challenging environment
  • Sound judgment and initiative, capable of establishing sound assessments even in complex matters
  • Able to work with minimal supervision, not afraid of taking decisions
  • Good organization ability and time management skills
  • Proactive, hands-on and solutions-oriented
  • Able to work under tight deadlines and meticulous

Professional and Technical

  • At least 3 years’ experience in KYC and AML role in Private Banking
  • Proven track record of providing Compliance advisory (KYC and AML) to the business
  • Strong knowledge of the MAS 626 Notices & Guidelines and AML standards and requirements
  • PC proficient: MS word, excel, PowerPoint
  • A good degree and understanding of the private banking industry