Private Banking Operations Specialist

This is an IT support group
Singapore
SGD 60,000 - 80,000
Job description

A rare and exciting opportunity to be part of a pioneer team in Private Banking operations.

Your new company

A multinational bank with a strong global footprint is expanding their Singapore office. Be part of a trailblazing pioneer team to set up their private banking operations in Singapore.

Your new role

New Account Setup & Customer Verification

  • Account Opening/Documentation: Handle the initiation and processing of new client account requests, ensuring all documentation meets internal standards and regulatory guidelines.
  • Customer Verification: Perform comprehensive customer verification checks for both new and existing clients, ensuring adherence to anti-money laundering regulations and other banking standards.
  • Document Management: Gather and validate necessary client documents, ensuring accurate maintenance and updates within the system.

Lending Operations

  • Credit Limit Management: Oversee the establishment and maintenance of credit limit facilities, ensuring timely updates to customer accounts.
  • Loan Processing: Manage the processing of loan transactions, including disbursements and repayments, ensuring all documentation is accurate and complies with internal policies.
  • Portfolio Monitoring: Regularly review loan portfolios to ensure compliance with agreed terms and report any discrepancies or issues.

Remittance Operations

  • Payment Processing: Handle the processing of inbound and outbound payments for clients, ensuring transactions are accurately recorded and settled promptly.
  • Fixed Deposit Management: Manage fixed deposit transactions, including initiation, maturity, and renewal, ensuring all documentation and compliance with internal policies.
  • Payment Inquiries: Address front office inquiries related to payments, including transaction statuses, discrepancies, and delays, and escalate issues as necessary.
  • Regulatory Compliance: Ensure all remittance transactions comply with banking regulations and internal policies.

What you'll need to succeed

  • Degree or diploma holders.
  • Minimum 5 years experience in either Account Opening/Documentation, Loan Operations, or Remittance. A hybrid background would be very much welcomed.
  • Spoken and written Mandarin language skills are highly advantageous due to bank clients and stakeholders.

What you'll get in return

  • A career opportunity with a world-renowned banking conglomerate.
  • Attractive salary package of $5,000 - $8,000 basic salary monthly.
  • Industry competitive annual bonuses.
  • Opportunity to learn and work with renowned industry leaders.
  • Opportunity to be part of a pioneer team in setting up Private Banking Operations in Singapore.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career.

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