Operations Onboarding Associate (KYC/AML, Central, Foreign bank)

Location:Central

Working Hours:Mon – Fri: Office hours

Duration: 6 months direct contract

Salary:Up to $5,000 per month

Job Description:

• Liaise with Front Office on client account opening/ periodic KYC;
• Review new account opening applications/ periodic KYC and ensure completeness, accuracy and sufficiency of KYC information and documentation are obtained in adherence to policies and procedures (P&P);
• Follow-up with Business Units on document deficiency (on-boarding and periodic KYC);
• Ensure evidence of each customer’s identity and other relevant documents received are in order before on boarding of account;
• Perform name screening via AML System, Dow Jones and Factiva;
• Evaluate screening results and client profile to identify any true match adverse news and identify any increased risk factors involved pertaining to the adverse news (i.e. update AML System);
• Ensure that CDD activities comply with the AML/CFT regulations/policy;
• Seek relevant RMs' inputs and provide clear elaboration and justification on the support of the KYC file's submission by Front Office (new account and periodic review of existing account);
• Perform customer static data maintenance and updates of signatures / account operating mandate; ensure supporting documents for static data and signature update are documented and filed at Branch filing system.
• Prepare and facilitate periodic reports for Management review (Document Deficiency, Periodic KYC Overdue, On-Boarding & Periodic Review Control List, Team Performance, CRS/FATCA,etc.);
• Perform Self-Inspections and Compliance Self-Evaluation
• Assist in P&P review and managing ad-hoc projects, audit inspections and remediation exercise.
• Assist in tracking of issues/ queries escalated by Front Office or any other Departments.

Requirements:

• Diploma/Degree holder with 3 - 5 years of work experience in areas of account opening and account review compliance
• Possess good understanding of business operations, control and risk management in areas related to account opening/ customer due diligence
• Well versed in the AML/CFT framework, OFAC and MAS regulation.
• Singaporeans only