KYC/COMPLIANCE OFFICER

Key Responsibilities

- KYC & Customer Due Diligence (CDD):

• Perform end-to-end onboarding and periodic CDD reviews for corporate clients, financial institutions, and correspondent banking accounts in accordance with MAS Notice 626 and internal policies.

• Verify ownership structures, ultimate beneficial ownership (UBO), source of wealth/funds, and ensure all customer documentation complies with local regulatory requirements.

- Payment & Sanctions Screening:

• Review and clear real-time remittance, trade finance, and name screening alerts(Sanctions, PEP, Adverse Media) in the system.

• Investigate true matches, request supporting documentation from business units or correspondent banks, and escalate potential risk hits appropriately.

- Transaction Monitoring & STR Handling:

• Perform post-transaction monitoring and pattern analysis system to detect unusual or suspicious transaction behavior.

• Conduct detailed investigations into flagged alerts and assist in drafting Suspicious Transaction Reports (STRs) for review.

- Regulatory Inquiries & Reporting:

• Assist in compiling data and preparing investigation reports for regulatory authorities (e.g., MAS, CAD, CPIB etc).

• Prepare monthly consolidated compliance management reports as required by the bank and Head Office.

- Compliance Advisory & Training:

• Provide day-to-day guidance to front-office and operational business units on KYC and local regulatory queries.

• Assist in developing and updating internal compliance training materials, SOPs, and semi-annual AML/CFT staff quizzes.

• Handle ad-hoc compliance tasks and project assignments as directed by the Compliance Manager.

Job Requirements & Qualifications

· Experience: More than 2 years of relevant experience in AML/CFT, Corporate KYC/CDD, and Transaction Monitoring within a bank preferred.

· Regulatory Knowledge: Strong working knowledge of MAS Notice 626, the Corruption, Drug Trafficking and Other Serious Crimes Act (CDSA), and local regulatory frameworks.

· Technical Skills: Hands-on familiarity with reviewing complex structures, AML Transaction Monitoring systems and sanctions screening tools.

· Soft Skills: Strong analytical ability, high attention to detail, excellent written communication, and sound risk judgment. Ability to manage investigative queries independently.