KYC Officer (Up to 4.8K| Private Banking)
Salary undisclosed
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- Understanding of Source of Wealth/ Funds Corroboration.
- Take ownership in ensure a comprehensive, prompt, and high-quality review of client source of wealth and provide guidance to the front office and team colleagues on issues, addressing deficiencies in KYC information and documentation.
- Accurately identify gaps (if any) in client's source of wealth and assess the plausibility in line with MAS and the Bank's expectations.
- Perform detailed calculations to support the client's source of wealth journey, i.e accumulation of wealth over time
- Conduct independent and meticulous reviews, incorporating plausibility checks and validation of Clients' Source of Wealth and source of funds
- Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
- Assist relationship managers to succinctly translate the SoW information into a professional and quality write up.
- Report to the SoW remediation team lead for completion progress on a regular basis and escalate issues to Compliance where required.
- Collaborate with auditors and relevant stakeholders on audit and assurance-related matters.
- Degree majoring in Banking, Accountancy or Business Administration or related discipline preferred.
- Knowledgeable and experienced in operations, account documentation, risk management, Sophisticated AML/KYC knowledge and experience in banking or financial industry for at least 1 year.
- Experience in private banking/dealing with private clients
- Ability to develop a good knowledge of the customer base, with sensitivity to specific customer needs.
- Email Topic: KYC Officer (Private Banking)
- Only shortlisted candidates will be contacted
EA License No: 91C2918
Personnel Registration Number: R24123927
- Understanding of Source of Wealth/ Funds Corroboration.
- Take ownership in ensure a comprehensive, prompt, and high-quality review of client source of wealth and provide guidance to the front office and team colleagues on issues, addressing deficiencies in KYC information and documentation.
- Accurately identify gaps (if any) in client's source of wealth and assess the plausibility in line with MAS and the Bank's expectations.
- Perform detailed calculations to support the client's source of wealth journey, i.e accumulation of wealth over time
- Conduct independent and meticulous reviews, incorporating plausibility checks and validation of Clients' Source of Wealth and source of funds
- Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
- Assist relationship managers to succinctly translate the SoW information into a professional and quality write up.
- Report to the SoW remediation team lead for completion progress on a regular basis and escalate issues to Compliance where required.
- Collaborate with auditors and relevant stakeholders on audit and assurance-related matters.
- Degree majoring in Banking, Accountancy or Business Administration or related discipline preferred.
- Knowledgeable and experienced in operations, account documentation, risk management, Sophisticated AML/KYC knowledge and experience in banking or financial industry for at least 1 year.
- Experience in private banking/dealing with private clients
- Ability to develop a good knowledge of the customer base, with sensitivity to specific customer needs.
- Email Topic: KYC Officer (Private Banking)
- Only shortlisted candidates will be contacted
EA License No: 91C2918
Personnel Registration Number: R24123927