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AVP, AML / KYC COMPLIANCE

Fast Growing Commercial BankSingapore, Pedra Branca, Singapore

2 days ago

Job description

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With a strong focus on its growth strategy across the Asia Pacific region, this fast-growing Commercial Bank has been committed to help all its Corporates, Institutional & FI clients to realize their business growth & projects through its financial solutions.

Summary Of Roles & Responsibilities

KYC - Customer Due Diligence for Corporates, Institutional & FI clients
Provide high quality KYC advisory and due diligence
Ensure compliance with AML, KYC and Sanctions policy
Good exposure to diversified sectors across the APAC region
Review KYC documents to ensure credibility and accuracy of these docs in line with our Bank's AML, KYC & Sanctions SOP.
Be the main contact point for AML and KYC reporting issues for clients.
Conduct screening on Corporate / Institutional customers and FIs (including connected parties and ultimate beneficial owners) and any designated list; review and dispose the generated hits according to our Bank's KYC Procedures.
Identify gaps by reviewing the KYC documents obtained from customers and accessing publicly available information.
Discuss and escalate to complex issues on client types, structures and AML-related risk level, monitoring cycle and high tax risk criteria, etc.
Liaise with Front office to ascertain info for onboarding purpose (e.g. nature of business, purpose of financing, place of business operation, transaction volume, etc).
Perform review on Politically Exposed Person (PEP).
Complete Customer Risk Rating forms and other associated / relevant forms.
Prepare monthly CDD report to Compliance HOD.
Ensure data integrity and accuracy both in physical forms and system input.

Ongoing KYC Reviews

Upkeep and update periodic review of existing customers.

Liaise with customers / relationship managers / agent banks to obtain the KYC docs and info necessary for completing the periodic review.

Review and evaluate recent material adverse news related to customers.

Ensure customers' info / data is accurate and updated in the system.

Assist in the submission of the monthly AML Activity Report to HQ Compliance.

Assist in the working and liaising closely with HQ Compliance from time to time on any AML / CFT related initiatives / projects / issues.

AML / CFT

Perform 1st level transaction monitoring review on monthly and daily alerts.

Involve in AML / CFT related tasks (e.g. surveys, adhoc check requests from local government agencies or other relevant external parties, etc).

Perform trade finance transactions checks and screening.

Others

Involve in adhoc or scheduled AML / KYC initiatives and projects as assigned.

Involve in any other tasks as assigned by the Compliance HOD.

Requirements

No Work Visa Sponsorship For This Role)

Bachelor degree in Business, Banking & Finance or related field

At least 7 years of relevant AML / KYC experience in Commercial / Corporate Bank setup

Professional AML / CFT certification (e.g. ICA Certificate or Diploma, ACAMS) will be a plus

Experience in handling large corporate customers within the APAC region (i.e. MNCs, public listed companies, state-owned companies, etc).

Strong proficiency in MS Excel & MS Powerpoint

Good team player, independent, has good creativity mindset, meticulous in daily work, self-driven and possess good initiative.

We thank all applicants for their interests in the above role and resume application via below "APPLY" button.

All application will be kept confidential.

Only shortlisted candidates will be notified.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Banking

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Avp • Singapore, Pedra Branca, Singapore