Periodic Review Compliance Officer

Job description

Tasks

• Support the CRO and Senior Management of TBJBS Branch in ensuring compliance with external and internal regulations in the areas mentioned above and actively manage operational, regulatory, and reputational risks.
• Part of the Periodic Review team of Compliance Officers supporting TBJBS Branch.
• Build strong relationships with key stakeholders such as the BJBSS Front Office, Client Documentation Services (CDS), KYC/AML, Onboarding, AML Investigations, and Risk Management teams.
• Support Head of AML/KYC Singapore and the Head of Periodic Review in the management of Compliance’s review of existing client relationships, portfolios, and accounts booked in BJBSS, as well as the review of new/incremental KYC/CDD risk identified during the course of the client’s relationship with BJBSS.
• Collaborate with and guide local and overseas Relationship Managers (i.e. Hong Kong, Singapore, Thailand, and Dubai) in their periodic review submissions, including KYC profile changes, account structure changes, and newly identified adverse news and risk elements.
• Assist and support ad hoc KYC/CDD-related matters and inquiries from regulators, auditors (internal and external), and Head Office.
• Review client’s profile for the relevant periodic review period to ensure conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards; Ensuring completeness, consistency and accuracy of KYC information, adequacy of source of wealth (“SOW”) narrative and reasonableness of plausibility assessment.
• Perform client risk assessments and due diligence analysis with a focus on high/highest risk profiles and incremental AML/KYC risk noted on the client profile.
• Assess and address incremental AML/KYC risk noted on client profile; escalations on incremental risks noted on client profile.
• Review and assess name screening(s) to facilitate periodic review (Google, World Check, Factiva).
• Perform transaction review for all transactions occurring during the relevant periodic review period, ensuring accuracy and integrity, due care and diligence, fair rating (seeking customers’ safety), management or conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations.
• Ensure KYC/CDD issues are properly identified, assessed, and documented.
• Timely escalations where KYC/CDD measures cannot be completed, especially where suspicious activities/conduct are identified.

Requirements

Personal and social

• Strong personality with good organizational skills
• Team Player: Prior team lead experience will be an advantage
• Ability to manage internal and external stakeholders
• Setting the right priorities and ability to work on multiple assignments at the same time
• A strong sense of responsibility and impeccable integrity
• Strong analytical skills; detail-oriented
• Excellent command of spoken and written English; proficiency in other Asian language(s) will be an advantage

Professional

• Strong knowledge of the MAS 626 Notice & Guidelines
• Experience in managing AML/CFT-related regulatory inspections, external and/or internal audits, and strategic projects
• PC proficient: MS Word, Excel, PowerPoint

We offer