Client Due Diligence Specialist

4 months ago

Singapore Bank of Singapore Full time
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

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Client Due Diligence Specialist

The position within the Post Onboarding Review team in Client Onboarding & Lifecycle Management ("COLM") is primarily responsible to support the Bank's continued AML/CFT monitoring and reviews. The candidate is expected to maintain high and consistent standards in accordance with the Bank's AML/CFT policies and procedures. The candidate is also expected to partner with Front Office to review and promote a sound AML/CFT risk culture.

The candidate will also be expected to support the Client Lifecycle Management (CLM) target operating model ("TOM") for client reviews and offboarding (where it relates to exits due to AML reasons). The CLM TOM is part of the Bank's initiative to streamline the end-to-end client lifecycle journey. The candidate will have the opportunity to interact with stakeholders across various functions in the Bank.

Roles & Responsibilities
  • Perform periodic reviews based on our internal KYC and CDD guidelines for existing end-clients (Clients) and financial intermediaries (FIM).
  • Perform independent and thorough review, including plausibility checks and corroboration of clients' account structure, sources of wealth (SOW) and source of funds (SOF).
  • Candidate is to work closely with Front Office staff to ensure that source of wealth gaps or red flags uncovered during periodic reviews and/or source of wealth remediation are properly addressed and remediated within the stipulated deadline.
  • Track and monitor cases slated for AML Exit due to Financial Crime and/or Reputational Risk, as decided by the management based on AML Framework.
  • Organizing and managing various internal stakeholders in the Working Group (WG) of cross-functional members across the Bank such as Front Office, Compliance, Operations, Technology, etc.
  • Provide support to the Head of Post-Onboarding Reviews in the CLM TOM to prepare business requirements for development, and testing phases.
  • Support the working group in defining and refining requirements based on the CLM TOM.
  • Develop and maintain documentation, including process flows, user manuals, drafting of Standard Operating Procedures (SOPs) and training materials for client reviews and AML exits.
  • Conduct training sessions for Front Office to enhance their understanding of the relevant policies and procedures.
  • Prepare periodic Senior Management information reports based on agreed requirements.
  • Support Head of Post Onboarding Reviews on any matters that are assigned from time to time in line with overall priorities of the department.

Qualifications

  • University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.
  • Minimum 2-3 years of experience in AML/KYC Compliance, Controls, or related function. Experience in a private banking environment will be advantageous.
  • Knowledgeable and sensitive to the different types of AML/CFT risks (PEP, Sanctions, reputational risks) and suspicious activities typical of private banking clients.
  • Knowledge of regulations including MAS, HKMA and other intergovernmental / non-governmental organization such as FATF / Wolfsberg will be advantageous.
  • Strong understanding of various banking products and account structures.
  • Knowledge of target operating models and experience in client onboarding and lifecycle management project management is preferred.
  • Strong analytical and project management skills, as well as excellent communication and interpersonal abilities.
  • Adaptable, comfortable dealing with ambiguity and detail orientated.
  • Familiar with MS Excel, MS Word, MS PowerPoint and other office automation tools.
  • Knowledge in VBA macros in MS Excel or Power BI would be a bonus.
  • Experience in using project management tools.

  • Senior Due Diligence Specialist

    6 days ago

    Singapore REVUP CONSULTING PTE. LTD. Full time

    About the RoleWe are seeking a highly skilled Senior Due Diligence Specialist to join our team at REVUP CONSULTING PTE. LTD. in Singapore.Job SummaryThis role requires a strong background in Know Your Customer (KYC) due diligence, with a focus on conducting thorough customer due diligence assessments and risk-based reviews.Key ResponsibilitiesThe successful...

  • Operational Due Diligence Specialist

    2 days ago

    Singapore THE CAP CONSULTING GROUP PTE. LTD. Full time

    About the RoleWe are seeking an experienced Operational Due Diligence Specialist to join our team at The CAP Consulting Group PTE. LTD. in Singapore.Job OverviewThis is an exciting opportunity for a professional with expertise in operational due diligence, private equity funds, and risk management to work with our established and blue-chip client. As an...

  • Compliance Specialist

    3 weeks ago

    Singapore Maybank Singapore Full time

    About the RoleThis position is responsible for conducting timely due diligence reviews for on-boarding/event trigger cases escalated by the Business Unit. Key responsibilities include evaluating the completeness of documents, assessing risk characteristics of the customer and its connected parties, and providing recommendations to Compliance and Management...

  • Operational Due Diligence Specialist

    6 days ago

    Singapore THE CAP CONSULTING GROUP PTE. LTD. Full time

    Job Description: Company Overview:The CAP Consulting Group PTE. LTD. is a dynamic and innovative company that specializes in operational due diligence for private equity funds. We are looking for an experienced professional to join our team as an Operational Due Diligence Specialist. Salary:We offer a competitive salary of SGD 80,000 - SGD 120,000 per annum,...

  • Operational Due Diligence Specialist

    4 days ago

    Singapore THE CAP CONSULTING GROUP PTE. LTD. Full time

    Job DescriptionWe are seeking a highly skilled Operational Due Diligence Specialist to join our team at The CAP Consulting Group PTE. LTD.This is an excellent opportunity for someone with strong analytical skills and experience in operational due diligence, particularly in the private equity sector.About the Role:The successful candidate will be responsible...

  • Client Due Diligence Expert

    1 month ago

    Singapore Bank of Singapore Full time

    About the RoleAs a Client Due Diligence Specialist at Bank of Singapore, you will play a crucial role in supporting the Front Office in a multi-year program to elevate the standards of CDD write-up and documentation for our existing clients.Main ResponsibilitiesAccurately identify gaps in client's source of wealth and assess plausibility in line with MAS and...

  • Operational Due Diligence Specialist

    3 weeks ago

    Singapore GIC Private Limited Full time

    GIC is one of the world's largest sovereign wealth funds, making long-term investments in over 40 countries. We're seeking an Operational Due Diligence Specialist to join our team in Singapore, working closely with investment due diligence teams globally.Key Responsibilities:Conduct operational due diligence for fund investments, using a data-driven approach...

  • Financial Due Diligence Specialist

    2 weeks ago

    Singapore Maybank Singapore Full time

    Maybank Singapore is seeking a Financial Due Diligence Specialist to join our team. The ideal candidate will have a strong passion for the Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regime, with at least 1-3 years of working experience in the Banking & Finance industry.The role requires a high level of attention to detail, excellent...

  • Senior Due Diligence Specialist

    2 weeks ago

    Singapore Wise Full time

    About WiseWe're a financial technology company on a mission to make money without borders – without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.OverviewWe're looking for a Senior Due Diligence Specialist to join our team in Singapore. This role is a unique opportunity to have an impact on the...

  • Client Due Diligence Specialist

    1 day ago

    Singapore Bank of Singapore Full time

    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...

  • Executive, Client Due Diligence

    3 months ago

    Singapore Maybank Singapore Full time

    JOB DESCRIPTION . JOB RESPONSIBILITIES Conducts timely due diligence reviews for on-boarding/event trigger cases escalated by Business Unit which include: •Evaluating the completeness of documents •Assess risk characteristics of the customer (and its connected parties) •Provide recommendation to Compliance and Management, where relevant. Perform...

  • Operational Due Diligence Specialist

    3 weeks ago

    Singapore GIC Private Limited Full time

    About GIC Private Limited">GIC is one of the world's largest sovereign wealth funds, investing in more than 40 countries globally across asset classes and businesses. With over 2,000 employees across 11 locations worldwide, we work at the Point of Impact for Singapore's financial future and the communities we invest in.Our teams are agile, ambitious, and...

  • Platform Due Diligence Agent

    1 month ago

    Singapore WISE ASIA-PACIFIC PTE. LTD. Full time

    Roles & ResponsibilitiesWe’re looking for a Platform Due Diligence Agent to join our team in Singapore.This role is a unique opportunity to have an impact on Wise’s mission, grow as an agent in the compliance field, help millions of people around the world save money, and drive growth on the Wise Platform. You will also develop an in-depth understanding...

  • Operational Due Diligence Lead

    1 week ago

    Singapore GIC Private Limited Full time

    GIC Private Limited, a leading global long-term investor, seeks an experienced Operational Due Diligence Lead to safeguard its investments in funds globally.As part of the Investment Services Public Markets Department, you will be responsible for conducting operational due diligence on public market funds, with some exposure to private market funds. Your...

  • Client services manager: due diligence

    4 weeks ago

    Singapore The Search Group Full time

    Client Services Manager Company Overview The Search Group is a Risk and Research consultancy firm with a global footprint, and an enhanced presence in both Europe and East Asia. Our global clients rely upon us for due diligence, business intelligence, and specialist research products. We are also available to assist clients develop their ethics and...

  • 1 Year Contract Client Due Diligence Specialist

    4 months ago

    Singapore Bank of Singapore Full time

    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...

  • 1 Year Contract Client Due Diligence Specialist

    1 day ago

    Singapore Bank of Singapore Full time

    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...

  • Manager, Operational Due Diligence

    1 month ago

    Singapore BEATHCHAPMAN (PTE. LTD.) Full time

    Roles & Responsibilities Global Investment Firm Opportunity for growth Good learning curveOur client is a Global Investment firm seeking a Manager, Operational Due Diligence to join the team. In this role, you will be part of the operational due diligence (ODD) team to conduct assessments for potential investments for the business. You will review the...

  • Manager, Operational Due Diligence

    2 months ago

    Singapore Ethos BeathChapman Full time

    Global Investment Firm Opportunity for growth Good learning curve Our client is a Global Investment firm seeking a  Manager, Operational Due Diligence to join the team.   In this role, you will be part of the operational due diligence (ODD) team to conduct assessments for potential investments for the business. You will review the fund manager’s...

  • Executive, client due diligence | singapore, sg

    2 weeks ago

    Singapore Maybank Singapore Full time

    JOB DESCRIPTIONJOB RESPONSIBILITIES Conducts timely due diligence reviews for on-boarding/event trigger cases escalated by Business Unit which include:Evaluating the completeness of documents Assess risk characteristics of the customer (and its connected parties)Provide recommendation to Compliance and Management, where relevant.Perform the end-to-end ECDD...