MGR/SO, KYC/AML Transaction Monitoring and Client Administration Team, Global Markets

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 2018-10-15

MGR/SO, KYC/AML Transaction Monitoring and Client Administration Team, Global Markets

You will be part of the Global Markets, Know Your Customer ("KYC"), Anti-Money Laundering ("AML") Transaction Monitoring and Client Administration team, responsible to carry out the Client Account Documentation for Treasury/Investment products and KYC due diligence checks for new and existing clients including Worldcheck name screening, management reporting and AML on-going transaction monitoring of clients' transactions. You will work closely with the Sales, Compliance and Operations teams to carry out the necessary Client Onboarding and KYC/AML checks.

Job responsibilities:
  • Ensure the accuracy and completeness of all account opening documentation;
  • Communicate client onboarding documentation requirements to stakeholders and update departmental operating procedures to keep abreast of changes in account documentation;
  • Maintain and update customer records in our database;
  • Co-ordinate negotiations in legal documentation;
  • Carry out monthly review of dormant accounts tagging;
  • Liaise with Operations team for account set-up in system;
  • Perform post-trade monitoring review of investment products' transactions in line with the Financial Advisors' Act ("FAA") for non-accredited clients;
  • Conduct KYC due diligence checks of prospects prior to new client onboarding;
  • Conduct ongoing KYC reviews of existing customers as required;
  • Perform name screening of customers against various sanctioned lists;
  • Review customers' transactions to detect and report unusual transactions or activities including filing of STRs to Compliance where required;
  • Perform regular and ad-hoc management reporting;
  • Manage AML/CFT queries from internal stakeholders;
  • Undertake the roles and responsibilities of an AML partner for the Business in supporting Compliance on adherence to the Group AML/CFT Policy and Guidelines;
  • Update the Business KYC/AML operating procedures as required and conduct KYC/AML training to internal stakeholders;
  • Other projects e.g. involvement in system upgrades, undertake AML self-assessment exercise, operational risk management and supporting various audit reviews.

Job requirements:
  • A degree in accountancy/business/finance or equivalent from a reputable tertiary institution;
  • Possess at least 2-3 years' experience in the financial services industry with good knowledge of treasury and banking products;
  • Meticulous and Detail-Oriented;
  • Have a good understanding of Client Onboarding Documentation requirements, Anti-Money Laundering and the Countering the Financing of Terrorism laws and regulations;
  • Knowledge of World Check name screening engine is an added advantage;
  • Proactive and flexible, with the ability to work independently in a fast-paced environment to deliver results;
  • Analytical and problem-solving skills;
  • Able to communicate effectively with all levels of staff;
  • Is an effective team member with a hands-on approach to challenges and deadlines;
  • Proficient in IT skills especially MS Excel and PowerPoint.