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

Recruiter
United Overseas Bank
Location
Singapore
Salary
Competitive
Posted
16 Oct 2018
Closes
18 Oct 2018
Ref
4685502
Sector
Global business services and outsourcing
Contract type
Permanent
Hours
Full time
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.

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