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 our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group???s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!
Responsible for providing administrative and CDD support for the bank's AML processes to support the front office for the onboarding and maintenance of Independent Asset Managers ("IAMs"). The successful candidate is expected to be knowledgeable in CDD/AML principles to be able to identify deficiencies of IAM KYC information and documentations. He/she is a team player and able to work well within a team while taking initiative and ownership over his/her own area of work.
Main Duties:
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.
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 Business Compliance Managers or Compliance where required
Coordination and collation of CDD related MIS.
Qualifications Work Experience Requirements:
A minimum 3-5 years of relevant experience in private banking or client onboarding and reviews within financial institutions is preferable
A good understanding of AML requirements
Excellent interpersonal, communication skills
Meticulous, strong attention to detail
Possess future oriented mindset, strive to innovate and adapt to changes
Strong understanding of inter-dependencies within the team and able to collaborate effectively across departments
Ability to thrive in a fast paced environment and remain empathetic, passionate and resilient
Able to work both independently and as a team player
