Bank Compliance Ops
1 day ago
Job Description
- Conduct KYC (Know Your Customer) reviews in compliance with local regulations and bank internal standards, including both scheduled and ad-hoc reviews across various client risk categories.
- Monitor and track KYC records to ensure timely updates; support the development and execution of action plans for expiring or overdue records.
- Promptly escalate any suspicious product usage from an AML (Anti-Money Laundering) perspective to senior management for further review.
- Support bank KYC initiatives in line with CBSU AML KYC Operations procedures.
- Determine account scope eligibility for KYC requirements.
- Perform client identification, verification, and screening processes.
- Validate key client information such as address, employment details, and connections to PEPs/SPFs (Politically Exposed Persons / Sanctioned Persons or Entities), using internal data or approved third-party sources. Conduct enhanced due diligence as needed, including negative news and social media screening.
- Collaborate with internal teams to ensure thorough due diligence and documentation reviews are conducted.
- Initiate information requests to Outreach or Relationship Managers (RM) for any missing data needed to complete reviews.
- Maintain high quality standards for all KYC reviews, targeting accuracy levels of 90% and above.
- Escalate technical issues or procedural uncertainties to managers for timely resolution.
- Ensure all KYC files undergo Quality Control (QC) checks before submission and address any discrepancies found during the QC process.
- Submit completed records for Business Approval (BA) and resolve any issues identified during BA review.
- Comfortable with direct customer contact; willing and able to make outbound calls to clients when necessary.
Job Requirements
- Bachelor's degree/University degree or equivalent experience
- 5 - 8 years relevant experience in KYC/AML/Due Diligence or has banking experience is Preferred
- Has AML experience/background
- Knowledge of AML/KYC policies including bank systems, applications and due diligence processes
- Detailed, well-organized, self-starter and capable of working under minimum supervision
Interested? Please contact via
Whatsapp:
Telegram: @varicklee
We regret that only shortlisted candidates will be contacted
Varick Lee | R2197221
RecruitFirst Pte Ltd | EA. 13C6342
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