Client Due Diligence Specialist, Financial Intermediaries - Client Lifecycle Approvals (Assistant Manager/Manager)

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 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!

FIM Post Onboarding Approval

The team is primarily tasked with supporting the Bank’s ongoing AML/CFT monitoring and reviews in relation to Financial Intermediaries/Referral Introducers (FIM/RI), Counterparties and External Service Providers.

Roles & Responsibilities

• Conduct and approve periodic and event-triggered reviews, in accordance with internal KYC and CDD guidelines.
• Develop and maintain documentation, including process flows, user manuals and the drafting of COLM owned AML/CFT Procedures, Standard Operating Procedures (SOPs) as well as training materials for FIM/RI reviews.
• Facilitate training sessions for Front Office to enhance their understanding of the relevant policies and procedures thereby improving work process efficiency.  
• Prepare periodic reports for Senior Management based on established requirements.
• Assist the Head of Post Onboarding Reviews with audits, compliance testing, regulatory inspections, and any other assigned matters in alignment with the department’s priorities.

Requirement:

• 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 organization 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 orientated.

• 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.