Client Due Diligence Manager

Join to apply for the Client Due Diligence Manager - SoW Remediation (Vice President) role at Bank of Singapore, Asia's Global Private Bank

4 days ago Be among the first 25 applicants

Join to apply for the Client Due Diligence Manager - SoW Remediation (Vice President) role at Bank of Singapore, Asia's Global Private Bank

Get AI-powered advice on this job and more exclusive features.

Bank of Singapore opens doors to new opportunities.

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

Client Due Diligence Specialist - SOW Uplift (Vice President)

This position within the Client Onboarding & Lifecycle Management Front Office Post Onboarding Review – Source of Wealth Uplift Review ("SUR") Team Lead is responsible for supporting our Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for our existing clients. The successful candidate is expected to lead the entire remediation program, manage the source of wealth remediation analysts and stakeholders, be knowledgeable in CDD/AML and SOW principles, and be able to analyse and identify gaps and risks in the existing KYC and Source of Wealth (SoW) information. The successful candidate is also expected to be able to work well within the team, across teams and functions while taking initiative and ownership over his/her own area of work.

Main Duties

• Provide transparency and oversight to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review to ensure cases are reviewed and completed in a timely manner and any issues/ roadblocks are identified early.
• Ensure the source of wealth remediation program is on-track and completion targets are met
• Prepare required reporting to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review on the source of wealth remediation completion progress
• Manage the source of wealth remediation team members by providing guidance and coaching, managing escalation and issue resolution
• Perform pro-active stakeholder management
• Ensure that cases sent across for review are in-line with the regulatory requirements and the Bank's relevant policies and procedures
• Liaise with internal and external auditors, regulators, Compliance Testing team on any queries in relation to the source of wealth remediation program
• Provide support on training new joiners to the team and Front Office on source of wealth requirements arising from the remediation program
• Keep abreast of changes to regulatory requirements for AML/CFT and communicate changes internally with a view to ensuring that the remediation program is in-line with the new requirements
• Minimum 10-12 years of relevant experience working in a financial institution with relevant knowledge & experience in CDD/AML and Source of Wealth (SoW); experience in a private banking environment is preferred but not a must
• Strong attention to detail and controls, and can grasp new ideas and concepts quickly
• Ability to work under pressure and manage workload and deadlines effectively
• Experience in leading and running remediation projects will be advantageous
• Experience in managing diverse teams
• Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
• Competent in Microsoft Office tools, particularly Excel and PowerPoint
• University degree or higher education
• Professional certifications such as ACAMs or ICA would be an added advantage

Seniority level

• Seniority levelExecutive

Employment type

• Employment typeFull-time

Job function

• Job functionBusiness Development and Sales

Referrals increase your chances of interviewing at Bank of Singapore, Asia's Global Private Bank by 2x

Sign in to set job alerts for "Diligence Manager" roles.

Downtown Core, Central Singapore Community Development Council, Singapore 15 hours ago

KYC Compliance (6 months contract) - Global Private Bank | SingaporeEY-Parthenon Manager, Transaction Diligence (Financial Services Sector)Director, Family Offices and External Asset Managers

Queenstown, Central Singapore Community Development Council, Singapore 2 hours ago

Business Compliance Manager (AVP), Corporate Banking Compliance

We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr

---