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Client Due Diligence Specialist (Post Onboarding Advisory) - Manager
role at
Bank of Singapore, Asia's Global Private Bank .
Bank of Singapore opens doors to new opportunities.
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 programmes that develop them on both professional and personal levels.
In addition to attractive remuneration packages, we offer non‐financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices.
Overview
The position within the Post Onboarding Review team in Client Onboarding & Lifecycle Management (“COLM”) is primarily responsible to support the Bank’s continued AML/CFT monitoring and reviews.
The candidate is expected to maintain high and consistent standards in accordance with the Bank’s AML/CFT policies and procedures, and partner with Front Office to review and promote a sound AML/CFT risk culture.
The role will also support the Client Lifecycle Management (CLM) target operating model (TOM) for client reviews and offboarding where it relates to AML exits, and will interact with stakeholders across various functions in the Bank.
Responsibilities
Perform periodic reviews based on internal KYC and CDD guidelines for existing end‐clients and financial intermediaries.
Perform independent and thorough reviews, including plausibility checks and corroboration of clients’ account structure, sources of wealth (SOW) and source of funds (SOF).
Work closely with Front Office staff to ensure that source of wealth gaps or red flags uncovered during periodic reviews and/or source of wealth remediation are properly addressed and remediated within the stipulated deadline.
Track and monitor cases slated for AML Exit due to Financial Crime and/or Reputational Risk, as decided by management based on the AML Framework.
Organize and manage 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 2‐3 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 organizations 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 oriented.
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.
Seniority level
Mid‐Senior level
Employment type
Full‐time
Job function
Other
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