Client Due Diligence Specialist - Front Office Periodic Review (6 Months Contract Maternity Cover)

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!

This position within the Global Front Line Risk Control is responsible for periodic review of existing client 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

Client Reviews

• Conduct AML periodic reviews of existing relationships including but not limited to higher risk relationships and financial intermediaries as per scheduling from compliance. This will cover preparing the forms, submission and initial assessment of name screenings & hits, taking appropriate approvals, uploading documents to the relevant systems and timely submission of the reviews
• Carry out name screening in accordance with bank standards. Conduct assessment on potential hits, follow compliance guidance and procedure
• Review SOW background of clients and assess in line with regulatory requirements
• Identify and escalate any suspicious activity or potential red flags appropriately
• Liaise with relationship managers for issues and deficiencies identified during review
• Represent the team in ad hoc AML related projects, initiatives and UATs

Qualifications

• A minimum 3-5 years of relevant experience in private banking or client onboarding and reviews within financial institutions is preferable
• Bachelor degree or diploma holder
• A good understanding of AML requirements
• Excellent interpersonal, communication skills
• Meticulous, strong attention to detail
• Possess future oriented mindset, strive to innovate and adapt to changes
• Strong understanding of inter-dependencies within the team and able to collaborate effectively across departments
• Ability to thrive in a fast paced environment and remain empathetic, passionate and resilient