Our Client
Our client is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Right now, they are looking for a AVP, AML & KYC. This person will be assigned to the AML & KYC Team whereby its key responsibility is to ensure that the customer due diligence (CDD) program, incorporating customer identification and verification (ID&V), know your customer (KYC) and anti-money laundering (AML) principles are in place. The team will support the various business segments within Group Wholesale Banking comprising of Corporates and Financial Institutions in performing the CDD reviews, in meeting regulatory requirements and helping to grow the business.
Job Description
- Preparation of documentation and conduct CDD in a timely manner
- To liaise with RMs on the required documentation
- Ensure that ongoing CDD reviews are conducted in tandem with internal process and policies
- Ensure data accuracy in systems and documentations
- Extraction of data from worksheets and reports for distribution to respective Business segments for necessary follow-up actions
- Assisting BUs to respond to various CDD enquiries, which may originate from the local authorities or from correspondent banks, over client’s profile
- Perform screening assessment and escalate material hits, where applicable for further clearance.
- Assisting the Team Leader in providing regular statistics and presentations for updating to Senior Management
- Participating in ad-hoc assignments and projects, e.g., audit, user acceptance testing etc. where required
- Providing advisory support to the BUs in CDD related matters, where applicable
Requirements
- Bachelor degree in Business or equivalent
- Prior working experience in KYC roles, will be advantageous
- Detail-oriented, yet able to think flexibly and independently to resolve problems
- Maintaining a high degree of knowledge in MAS 626 regulations and associated regulatory requirements for AML/CFT and Sanctions.
- Emotionally mature and able to communicate maturely and independently with various stakeholders within the Bank
- Comfortable with handling data, and able to perform functions on Excel, such as Vlookup, Pivoting and generating various graphs / charts, etc.
- Attentive to details with a strong sense of interest in developing a career as a KYC specialist