Summary: The Operations Onboarding role involves managing client account openings and periodic KYC processes, ensuring compliance with AML/CFT regulations. The position requires collaboration with Front Office and Business Units to maintain accurate documentation and perform necessary screenings. The candidate will also prepare reports for management review and assist in compliance evaluations and audits. This is a one-year contract position based in Singapore.

Key Responsibilities:

• 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, client profile and sustainability assessment results 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 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.

Key Skills:

• Diploma/Degree holder with 3 - 5 years of work experience in areas of account opening, account review and on-boarding compliance;
• Possess good understanding of banking 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;
• Strong analytic skills, prudence and proactive with attention on details;
• Strong time management and follow-up skills;
• Good communication and interpersonal skills to effectively interact with colleagues and external parties of all levels.

Salary (Rate): 4000

City: Singapore

Country: Singapore

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other