Senior KYC Analyst (Private Bank)

Requirements

• Min 7 years of relevant KYC experience in Banking environment; with at least 3 years in Private Banking segment
• In-depth working knowledge of MAS Notice 626 (AML/CFT requirements) and its associated guidelines, specifically concerning Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Source of Wealth (SoW) Corroboration:
• In depth ability to analyse and request for relevant corroborative evidence to validate the legitimacy and path of a clients entire accumulated wealth (e.g., from business sale, inheritance, successful career).
• Experience in reviewing corporate documents to identify complex ownership structures and understand legal arrangement of corporate entities
• Strong professional communication skills to effectively raise clear and specific queries with Relationship Managers (RMs), Compliance and other stakeholders.
• Good writing skills to assist RMs with improving source of wealth journey write-up
• Deep operational knowledge in KYC processes specifically in Account Opening, Periodic Review and Triggering Event Reviews.
• About HL Bank Singapore

Additional Information

Define your future at HL Bank Singapore Functional (job responsibilities) 1) Customer Due Diligence/AML/KYC Review Account opening, Periodic review and triggering event submissions to ensure compliance to MAS Notice 626 (AML/CFT requirements) and its associated guidelines, specifically concerning Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). Source of Wealth (SoW) Corroboration: Analyse and request for relevant corroborative evidence to validate the legitimacy and path of a client's entire accumulated wealth (e.g., from business sale, inheritance, successful career). Review documents submitted to identify and verify Private Banking (PB) clients including identify complex ownership structures and understand legal arrangement of corporate entities Provide guidance Relationship Managers (RM) with SOW journey write-up as required Liaise with Compliance Team as 1.5 to ensure quality Account opening, Periodic review and Triggering Event Review submission. Transaction lookback: Verify and analyse origin and purpose of funds being transferred to the bank, ensuring consistency with the client's profile. Review transactions of PB clients during Ongoing reviews to identify red flags Name Screening: Review name screening assessments done by Front Office (FO), to determine if hits are false positives Provide independent assessment on materiality of true / unverifiable hits identified. 2) Audit Controls Testing and Requirements Independently conducts monthly quality assurance control testing of PB's end-to-end process including Sales, CA and KYC to ensure compliance with internal and regulatory policies. Identify root cause and propose solution to address issues raised by external and internal auditor, AML compliance in their annual or ad-hoc reviews. 3) Management Reporting Preparation of management reports for all necessary management meetings

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