Periodic Review Compliance Officer

YOUR CHALLENGE

• Support the CRO and Senior Management of BJBS Branch in ensuring compliance with all international regulations in the areas mentioned above and actively manage operational, reputational and regulatory risks
• Part of the Periodic Review team of Compliance Officers supporting BJBS Branch.
• Build strong relationships with key stakeholders such as the BJBS Front Office, Client Delivery 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 BJBS as well as the Director of new/incremental KYC/CDD risk assessment during the duration of the client relationship with BJBS.
• Collaborate and guide local and overseas Relationship Managers (e.g. Hong Kong, Thailand, Dubai) in their periodic review submissions, including KYC profile changes, account structure changes and newly identified adverse news and risk elements.
• Assist and support adhoc KYC/CDD related tasks and enquiries from regulators, audits (internal and external) and Head Office.
• Review clients’ profile for the relevant periodic review period to ensure conformity to internal requirements and latest regulatory requirements on AML/CFT/KYC standards; Ensuring completeness, consistency and accuracy of KYC information, adequate scope of risk assessment, narrative and reasonableness of plausibility assessment.
• Perform client risk assessments and due diligence analysis with focus on High/Highest risk clients.
• Assess and address AML/CFT related regulatory inspections, external and/or internal audits, and incremental risk noted on client profile.
• Review and assess name screenings to facilitate periodic review (Google, World check, Factiva).
• Perform transaction review for all transactions occurring during the relevant periodic review period.
• Ensure KYC/CDD issues are properly identified, assessed, and documented.
• Timely escalations where KYC/CDD measures cannot be completed, especially where suspension is required.

Requirements

• 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, detailed-oriented
• Excellent command of spoken and written English, proficiency in other Asian language(s)
• At least 8-10 years' experience in either Client On-Boarding/Periodic review and/or AML related Banking/Wealth Management
• A good degree and understanding of the Private Banking and Wealth Management industry
• Strong knowledge of the MAS 626 Notice & Guidelines
• Experience in managing CML/QFL-related regulatory inspections, external and/or internal audits, strategic projects
• PC proficient: MS Word, Excel, PowerPoint