AVP, KYC CDD

AVP, KYC CDD - Financial Crime Middle Office

Join to apply for the AVP, KYC CDD - Financial Crime Middle Office role at SMBC Group

AVP, KYC CDD - Financial Crime Middle Office

Join to apply for the AVP, KYC CDD - Financial Crime Middle Office role at SMBC Group

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• Perform preliminary due diligence checks for deal teams for new potential deals and/ or conduct KYC reviews for existing clients.
• Engage in discussions with deal teams to understand and help to troubleshoot on issues that may arise during the document procurement process.
• Drawing up ownership structures, transaction structures and funds flow structures from documents provided by clients.
• Review and ensure documents collected for KYCs are complete and properly certified in accordance with regulatory and internal requirements.Perform various due diligence checks on clients on external and internal platforms and databases.In addition to providing adequate mitigations and thorough risk assessments, ensure accurate data inputs on eKYC and conduct independent validation on documents provided by clients.
• Raise exceptional handling memos where required. Conduct risk assessments to address on trigger events and/or adverse news (among others) as well as memos for existing clients applying for new facilities.Raise preliminary assessment memo for deferred completion of KYC for advisory transactions.Conduct annual KYC reviews/ trigger reviews within stipulated due dates and with minimal reworks.Review daily AML alerts escalated to the department and ensure prompt and timely closure of alerts.
• Provide support on other AML/ KYC related matters as may be required for any other reports/ projects/duties as well.
  

Job Responsibilities

• Perform preliminary due diligence checks for deal teams for new potential deals and/ or conduct KYC reviews for existing clients.
• Engage in discussions with deal teams to understand and help to troubleshoot on issues that may arise during the document procurement process.
• Drawing up ownership structures, transaction structures and funds flow structures from documents provided by clients.
• Review and ensure documents collected for KYCs are complete and properly certified in accordance with regulatory and internal requirements.Perform various due diligence checks on clients on external and internal platforms and databases.In addition to providing adequate mitigations and thorough risk assessments, ensure accurate data inputs on eKYC and conduct independent validation on documents provided by clients.
• Raise exceptional handling memos where required. Conduct risk assessments to address on trigger events and/or adverse news (among others) as well as memos for existing clients applying for new facilities.Raise preliminary assessment memo for deferred completion of KYC for advisory transactions.Conduct annual KYC reviews/ trigger reviews within stipulated due dates and with minimal reworks.Review daily AML alerts escalated to the department and ensure prompt and timely closure of alerts.
• Provide support on other AML/ KYC related matters as may be required for any other reports/ projects/duties as well.
  

Job Requirements

• Bachelor's Degree with experience in corporate/ project finance KYCs preferred.
• Certifications in AML would be an added advantage.
• Familiar with regulatory requirements pertaining to KYC/ AML eg MAS Notice 626.Meticulous, proactive, organized and motivated.
• Team player who is able to multi-task and prioritize work.Possess good interpersonal skills and communicate effectively with internal and possibly external customers.
• Proficient in Microsoft Office applications and internet search tools.

Seniority level

• Seniority level Mid-Senior level

Employment type

• Employment type Full-time

Job function

• Job function Finance and Sales
• Industries Banking

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