Compliance Officer - Client Due Diligence (Private Wealth)

Responsibilities

• As a Compliance Officer - Client Due Diligence (Private Wealth) based in Singapore, you will be responsible for conducting meticulous reviews of name screening results for new and existing clients.
• Review name screening results for individuals, entities, related parties, and connected parties during both onboarding and periodic reviews, ensuring thorough assessment against internal standards.
• Assess potential matches involving sanctions, politically exposed persons (PEP), adverse media findings, internal watchlists, and other AML/CFT risk indicators as part of the client due diligence process.
• Challenge screening dispositions by evaluating rationale, documentation quality, and escalation decisions to ensure alignment with established policies and procedures.
• Support comprehensive CDD reviews of Private Wealth clients by assessing client profiles, source of wealth/source of funds information, risk ratings, and supporting documentation.
• Liaise closely with Front Office teams, Relationship Managers, CDD specialists, and Compliance stakeholders to resolve screening or due diligence issues collaboratively.
• Identify red flags such as incomplete information or potential AML/CFT concerns promptly and escalate them according to regulatory expectations.
• Ensure all reviews are completed efficiently within agreed timelines while adhering strictly to internal policies, procedures, service level agreements (SLA), and regulatory requirements.
• Contribute to quality checks, control improvements, management reporting activities, and process enhancement initiatives aimed at strengthening compliance frameworks.
• Stay updated on developments in AML/CFT regulations, sanctions lists, PEP criteria, and adverse media relevant to Private Wealth clients in Singapore and across APAC markets.
• What you bring:
• Your extensive experience as a Compliance Officer - Client Due Diligence Private Wealth equips you with deep knowledge of AML/CFT regulations specific to Singapore's financial landscape.
• Minimum five years' proven experience in AML compliance roles such as KYC review, CDD assessment, name screening analysis or financial crime investigation within the banking sector.
• Extensive background in Private Wealth or Private Banking client due diligence processes with familiarity handling cross-border or offshore wealth clients across APAC markets.
• Proficiency using industry-standard screening tools including World-Check, Dow Jones Factiva, NetReveal or open-source platforms like Google searches for enhanced due diligence.
• Comprehensive understanding of Singapore AML/CFT regulatory requirements covering client onboarding protocols, periodic review cycles, sanctions monitoring practices and PEP risk management.
• Strong analytical capabilities enabling you to assess screening results accurately while documenting clear rationales for review outcomes.
• Excellent stakeholder management skills allowing you to engage effectively with Front Office teams as well as Compliance colleagues in resolving complex issues.
• Detail-oriented approach combined with the ability to manage high volumes of reviews within tight deadlines without compromising quality standards.
• Diploma or Degree qualification in Banking, Finance, Business Administration, Law or Compliance-related disciplines is required for this position.
• Candidates with prior experience in Private Banking operations or Wealth Management advisory roles will be highly regarded for their specialised knowledge base.
• Experience supporting quality assurance checks or contributing towards process improvement initiatives within compliance functions is considered advantageous.
• What sets this company apart:

Additional Information

This role offers you the opportunity to play a pivotal part in safeguarding the integrity of client onboarding and periodic review processes, focusing on name screening, sanctions, PEP, and adverse media outcomes. You will be immersed in a supportive environment where your expertise in AML/CFT regulations and private banking due diligence will be valued and nurtured. If you are passionate about compliance, this is your chance to make a meaningful impact within the Private Wealth sector.

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