Client Due Diligence Specialist

Category OperationsWorkload Full Time
- 80%)
- Posted on 7 April 2025

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***:
LGT is the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family. As the family office of the Princely House of Liechtenstein, we have years of eperience in the management of sizeable sums of assets.

**Your challenge***:
Periodic Review
- Perform due diligence reviews and identify key risks in AML/KYC information for the review of eisting client accounts; with a particular focus on higher risk clients including Politically Eposed Persons on a timely manner in accordance to the Bank’s Policies and Procedures;
- Performs plausibility assessment of clients’ source of wealth (SOW) whenever there is a trigger review or change in circumstances (“CIC”) and work with Front Office to ensure independent corroboration;
- Conduct incremental delta screenings and perform first level screening assessment SmartKYC on account related parties and SOW companies;
- Document the review assessment with a clear articulation of the potential AML, reputational and Sanctions (where applicable);
- Perform CIC/credit reviews and provide the input from a Compliance perspective;
- Provide high quality advice and training to stakeholders with respect to due diligence measures and on applicable internal policies and local regulation;
- Support in diverse tasks including audits, inspections, regulatory reporting;
- Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support; and
- Provide any other additional ad-hoc support to the Client Due Diligence/Compliance team as and when is required.

Onboarding
- Perform due diligence reviews and identify key risks in KYC information for the onboarding of new client accounts; with a particular focus on High-risk clients including Politically Eposed Persons on a timely manner in accordance to the Bank’s Policies and Procedures.
- Performs plausibility assessment of clients’ source of wealth (SOW) and work with Front Office to ensure independent corroboration.
- Conduct screenings and perform first level screening assessment SmartkKYC on account related parties and SOW companies.
- Document Client Onboarding Assessment with a clear articulation of the potential AML, reputational and Sanctions (where applicable).
- Provide high quality advice and training to stakeholders with respect to due diligence measures and on applicable internal policies and local regulatory epectations;
- Collaborate closely with the relevant stakeholders including other Compliance teams, Relationship Managers, Business Managers and Senior Management to ensure a thorough due diligence assessment
- Support in diverse tasks including audits, inspections, regulatory reporting; and
- Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support;
- Provide any other additional ad-hoc support to the Client Due Diligence/Compliance team as and when is required.

**Your profile***:

- 8-10 years of relevant eperience within Compliance or audit, with a strong focus on the AML/CDD function within the Private Banking Sector.
- Thorough knowledge of AML regulatory requirements - (i) MAS Notice on the Prevention of Money Laundering and Countering the Financing of Terrorism (ii) Effective AML/CFT Controls in Private Banking.
- Thorough record keeping abilities with attention to detail.
- Effective communicator with ecellent interpersonal skills will be vital in managing internal stakeholders and fostering collaborative relationships within the Bank.
- Ability to multi-task and work well in a fast-paced environment.

**Benefits at LGT***:
**A great place to work - a great place to have impact**:LGT promotes diversity among its employees. We believe that an inclusive and appreciative corporate culture is the driver for a great workplace and provides the opportunity to create a unique and successful team. That's why our employees can also benefit from many additional benefits.

**Growing Together**:

- Support for eternal training and further education
- Study leave

**Family & Work**:

- Parental leave
- Marriage leave
- Childcare assistance
- Annual leave

**Perks & Advantages**:

- Long employee service awards
- Staff referral awards

**Your Health**:

- Life and accident insurance
- Employee assistance program
- Retirement benefits

**Contact***:
**En Hui Teo***:Associate Director, Human Resources**
- LGT Bank (Singapore) Ltd._ _

+65 64154931