CDD Analyst (1-Year Contract)
$ 4,000 - $ 6,000 / month
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The CDD Business Advisory and Support (CDD-BAS) unit supports the Corporate & Institutional Banking (C&IB) and Wealth Management (WM) businesses on Client Due Diligence (CDD) related matters including:
- CDD documentation preparation required for client onboarding and periodic reviews
- Liaising with Business and Compliance units to address any gaps in the CDD reviews
- Monitoring of client accounts (including onboarding conditions, adverse news, documentation validity) and initiate trigger reviews
- Conduct AML/CFT related in-house surveillance reviews along with Business and Compliance
- Preparation of MIS (e.g. CDD statistics report)
- Initiation and implementation of process improvement and digital transformation projects to streamline current process for better efficiency.
CDD Analyst will work with Relationship Managers (RM) to:
- Obtain mandatory CDD documents from clients in the C&IB Business including Financial Institutions
- Perform name screenings on client and all relevant related parties via Factiva and OWC (World Check)
- Prepare CDD review pack (including CDD write up / assessment)
- Ensure that documents submitted for onboarding / periodic reviews / trigger reviews are in line with Bank’s requirements
- Assist in managing Customer Account Review Committee (CARC) meetings including drafting of agenda and Minutes after each meeting.
Job Content
Key Results
Oversee CDD Documentation
Preparation and Client Monitoring
Performance Measures
- Timeliness: Turnaround Time (TAT)
- Accuracy
- Achievement agaisnt standards
- Customer experience is positive
Main Tasks
- Perform name screenings activities
- Liaising with clients to obtain all required CDD documents
- Prepare CDD review pack (including CDD write up / assessment)
- Responsible for e-filing documents in relevant CDD depository
- Ensuring all documents are complete and gaps adequately addressed prior submission for approval
Requirement:-
- Min a Bachelor’s degree from a reputable university.
- Min 2 - 3 years of banking industry experience in KYC / CDD or client onboarding (Audit, Risk, AML may also be areas of experience) in relation to Corporate and Financial Institutions CDD.
- Basic knowledge of CDD / Compliance / AML procedures and standards.
- Good understanding of MAS regulations and guidelines relating to Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT).
- Self-motivated and committed. Able to work independently.
- Demonstrate ownership of assigned tasks.
- Adaptable to fast changing environment.
- Good communication, interpersonal & written skills for both internal & external stakeholder engagement.
- Meticulous and detail oriented.
- Problem identification and solving skills.
*Note that salary commensurate with experience.
The CDD Business Advisory and Support (CDD-BAS) unit supports the Corporate & Institutional Banking (C&IB) and Wealth Management (WM) businesses on Client Due Diligence (CDD) related matters including:
- CDD documentation preparation required for client onboarding and periodic reviews
- Liaising with Business and Compliance units to address any gaps in the CDD reviews
- Monitoring of client accounts (including onboarding conditions, adverse news, documentation validity) and initiate trigger reviews
- Conduct AML/CFT related in-house surveillance reviews along with Business and Compliance
- Preparation of MIS (e.g. CDD statistics report)
- Initiation and implementation of process improvement and digital transformation projects to streamline current process for better efficiency.
CDD Analyst will work with Relationship Managers (RM) to:
- Obtain mandatory CDD documents from clients in the C&IB Business including Financial Institutions
- Perform name screenings on client and all relevant related parties via Factiva and OWC (World Check)
- Prepare CDD review pack (including CDD write up / assessment)
- Ensure that documents submitted for onboarding / periodic reviews / trigger reviews are in line with Bank’s requirements
- Assist in managing Customer Account Review Committee (CARC) meetings including drafting of agenda and Minutes after each meeting.
Job Content
Key Results
Oversee CDD Documentation
Preparation and Client Monitoring
Performance Measures
- Timeliness: Turnaround Time (TAT)
- Accuracy
- Achievement agaisnt standards
- Customer experience is positive
Main Tasks
- Perform name screenings activities
- Liaising with clients to obtain all required CDD documents
- Prepare CDD review pack (including CDD write up / assessment)
- Responsible for e-filing documents in relevant CDD depository
- Ensuring all documents are complete and gaps adequately addressed prior submission for approval
Requirement:-
- Min a Bachelor’s degree from a reputable university.
- Min 2 - 3 years of banking industry experience in KYC / CDD or client onboarding (Audit, Risk, AML may also be areas of experience) in relation to Corporate and Financial Institutions CDD.
- Basic knowledge of CDD / Compliance / AML procedures and standards.
- Good understanding of MAS regulations and guidelines relating to Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT).
- Self-motivated and committed. Able to work independently.
- Demonstrate ownership of assigned tasks.
- Adaptable to fast changing environment.
- Good communication, interpersonal & written skills for both internal & external stakeholder engagement.
- Meticulous and detail oriented.
- Problem identification and solving skills.
*Note that salary commensurate with experience.