KYC Analyst

About Avensys!

Avensys is a reputed global IT professional services company headquartered in Singapore. Our service spectrum includes enterprise solution consulting, business intelligence, business process automation and managed services. Given our decade of success we have evolved to become one of the top trusted providers in Singapore and service a client base across banking and financial services, insurance, information technology, healthcare, retail and supply chain.

We are currently looking to hire a KYC Analyst. This is an exciting opportunity to expand your skill set, achieve job satisfaction and work-life balance. More details as below.

Job Overview: (Immediate Joiners)

We are seeking a detail-oriented KYC Remediation Analyst to support our KYC remediation efforts for both Private Banking and Corporate Banking clients. The role primarily focuses on the review and remediation of KYC files, with particular attention to verifying and documenting the source of wealth (SOW) and source of funds (SOF) for clients, ensuring compliance with regulatory requirements.

Key Responsibilities:

1. Conduct thorough reviews of KYC files and records for Private Banking and Corporate Banking clients, with a focus on verifying the source of wealth and source of funds.
2. Identify gaps or discrepancies in KYC documentation and ensure the timely remediation of these files in line with regulatory standards and internal policies.
3. Collaborate with relationship managers, compliance teams, and other stakeholders to obtain and validate additional information or documentation from clients as needed.
4. Ensure that all KYC records are up to date and meet the latest regulatory requirements, including those set by MAS (Monetary Authority of Singapore) or other applicable bodies.
5. Provide detailed reports on the status of KYC reviews and remediation efforts, highlighting areas of concern or escalation.
6. Stay updated on relevant AML (Anti-Money Laundering) regulations, KYC policies, and industry best practices to ensure compliance.
7. Support ongoing audits and compliance reviews by providing accurate and timely documentation.

Key Requirements:

1. Bachelor’s degree in Finance, Business Administration, Law, or related field.
2. Experience in KYC, AML, or related compliance roles, particularly within Private Banking or Corporate Banking.
3. Strong understanding of source of wealth and source of funds documentation and analysis.
4. Familiarity with regulatory requirements in Singapore, particularly MAS guidelines.
5. Excellent attention to detail and ability to identify and resolve discrepancies in KYC documentation.
6. Strong communication skills and the ability to liaise with multiple internal and external stakeholders.
7. Ability to work independently and as part of a team in a fast-paced environment.
8. Proficiency in MS Office, particularly Excel, and experience with KYC or AML software systems.

Note: We’re looking for candidates with KYC experience – to support remediation efforts for Singapore KYC file/records review experience for private banking and corporate banking clients, specifically focused on source of wealth and source of funds understanding.

WHAT’S ON OFFER

You will be remunerated with an excellent base salary and entitled to attractive company benefits. Additionally, you will get the opportunity to enjoy a fun and collaborative work environment, alongside a strong career progression.

To submit your application, please apply online or email your UPDATED CV in Microsoft Word format to Abinaya@aven-sys.com. Your interest will be treated with strict confidentiality.

CONSULTANT DETAILS

Consultant Name: Abinaya R

Avensys Consulting Pte Ltd

EA License 12C5759