Manager, AML/KYC

Job description

Company Description

We're a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.

We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion.

We work with 13 of the world's top-15 private equity firms.

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.

Above all, what makes us different is our people.

Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding.

We're driven by our Group purpose, to power people and possibilities.

Job Description

The successful incumbent will represent the first line of defence and be a key stakeholder in driving the AML/KYC function within the region.

The scope of work will be completed in accordance with IQ-EQ's internal AML/CFT framework, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, both internal and external.

This role will cover both fund administration and corporate segments.

What you'll do

• Managing the AML/KYC team in Singapore.
  
  
• Act as subject matter expert and main point of contact to clients and internal departments, providing support and guidance on all AML/KYC matters where required.
  
  
• Perform client and fund investor due diligence for new & existing accounts in accordance with MAS and CIMA AML/CFT rules, along with internal policies and procedures to identify and mitigate any risks for the clients and IQ-EQ.
  
  
• Manage end to end process including kick off projects and coordination with clients, and all other relevant stakeholders within the IQ-EQ teams.
  
  
• Review and conduct source of wealth & funds corroboration of clients and investors in line with regulatory requirements.
  
  
• Familiar with AML/KYC requirements for individuals and different types of entities e.g., Companies, Limited Partnerships, Financial Institutions, VCCs, Trusts etc.
  
  
• Well-versed in Enhanced Due Diligence for high-risk cases including PEPs, Adverse Media, Sanctions, and other independent recommendations to mitigate identified risks.
  
  
• Provide support to the business during preparation of escalation processes to the Asia Leadership Team and/or Group Risk & Compliance.
  
  
• Assisting in contributing to the updating and documenting of processes and procedures in all aspects of the AML/KYC cycle.
  
  
• Lead any system development projects and ensure all team members are updating the necessary registers and databases in a timely and accurate manner.
  
  
• Preparation of Key Risk Indicators and other management reports.
  
  
• Assist with client and internal ad-hoc requirements from time to time which include but are not limited to process walkthroughs, internal audit, AML questionnaires and/or regulatory inspections.
  
  
• Leading training of new and existing joiners, and other colleagues covering areas such as remediation projects, latest regulations, change in operational processes and refreshers as and when required.
  
  
• Implementing and driving efficiency within the team, supervising tasks performed by team members.
  
  
• Contribute ideas and participate in transformation and change initiatives to drive continuous improvement to further enhance key deliverables.
  
  

Other

• Support the department as required within the confines of role.
  
  
• Undertake any additional reasonable duties or special projects as required by the firm.
  
  

What we offer

• Comprehensive remuneration and pension: motivating financial packages based upon market rates for your role and is proportionate to your qualifications, level of experiences and skills profile
• Wellbeing: additional social benefits such as private health and dental cover, life assurance and etc
• Annual leave: our employees are entitled to 25 days paid leave plus all statutory public holidays
• Maternity and paternity leave, education leave and etc
• Flexible working: we recognise the value of working flexibly and want to ensure all employees enjoy an excellent work-life blend.
  
  As such, we are open to conversations with employees related to setting up flexible working arrangements.
  
  

Qualifications

• Bachelor's degree in law, accounting, finance, or equivalent fields
• At least 5-7 years' experience in AML/KYC roles, AML Compliance, Client Due Diligence, or related function
• Excellent organisation, prioritisation, and interpersonal skills.
  
  
• Can do' attitude, ability to cope with tight deadlines and working under pressure in a fast-paced environment.
  
  
• Intermediate to Advanced MS Office skills (especially Excel)
• Professional Certifications in Anti-Money Laundering (such as ICA or ACAMS) is not mandatory but would be an advantage.
  
  
• Sound knowledge on Fund Administration / Structuring, Investor AML/KYC or Company Administration would be helpful.
  
  
• Experiences in client facing roles or sitting in the first line of defence would be an advantage.
  
  

Additional Information

Sustainability is integral to our strategy and operations.

Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance.

Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape.

We're committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees' careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues.

We want to empower our 5,800+ employees - from 94 nationalities, across 25 countries - to each achieve their potential.

Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We're committed to growing relationships with our clients and supporting them in achieving their objectives.

We understand that our clients' sustainability and success leads to our sustainability and success.

We're emotionally invested in our clients right from the beginning.

Required Skill Profession

Other General