Client Due Diligence Specialist

**Client Due Diligence Specialist - Periodic Review (AVP)** **-** **(**25000021**)**

**Description**

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

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

**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).
- 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 5 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.

**Primary Location**: Singapore

**Job**: AML/KYC

**Organization**: Bank of Singapore Division

**Schedule**: Permanent

: Full-time

**Job Posting**: 14-Jan-2025, 2:56:08 AM