AVP, Compliance Officer - Wealth Management

  • Sector: LMA Asia Finance
  • Contact: Bryant Tan
  • Contact Email: shazelina.shafei@lmarecruitment.asia
  • Client: LMA
  • Location: Singapore
  • Salary: S$75000.00 - S$96000.00 per annum
  • Expiry Date: 06 July 2022
  • Job Ref: BBBH396703_1654481933

Assistant Vice President, Compliance Officer - Wealth Management

Position Purpose

  • Assist the KYC manager in the management of the KYC team.
  • Work as a team within the KYC unit to:
  • Ensure timely review of new accounts
  • Ensure zero or minimal past due re-certification accounts at any point in time.
  • Provide advisory to Business on AML related issues.
  • Provide support to the larger compliance community, e.g. Monitoring and Surveillance / Suitability /Transversal team.
  • Assist KYC Manager in managing the KPIs for new account opening and reviews as and when required.
  • Assist KYC Manager in guiding compliance officers in the team as and when required.

Responsibilities

  • Assist the Head of KYC to manage the KYC team with regard to BAU matters including the handling of escalations from the team.
  • Assist the Head of KYC in various projects and initiatives related to KYC and manage stakeholders.
  • Reviewing client profiles during account opening and re-certification phase to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating.
  • Provide advisory support to the business with regard to resolving newly identified adverse media, link to sanction countries related issues, identifying potential Politically Exposed Persons etc.
  • Assisting with the preparation, presentation of existing client relationship to a local control committee with the objective of obtaining business & compliance management approval to maintain the relationship with the client
  • Review client's transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.
  • Perform risk assessment and make decisions with regards to unblocking of accounts.
  • Conducting investigations and filing suspicious transaction reports (STRs) as appropriate.
  • Provide feedback to changes to internal KYC procedures.
  • Keeping abreast of changes in the domestic regulatory requirements (MAS) and be aware of the different obligations from other jurisdictions
  • Provide support to Monitoring & Surveillance team from time to time and on projects pursuant to management requests or necessitated by events such as local & global internal audits and periodic inspections by the regulatory authorities.
  • There will be opportunities to participate in a range of developmental projects, mainly focusing on procedures development, process improvement initiatives & enhancing existing control

Specific Qualifications (if required)

  • Candidate with 7 years of relevant working experiences, preferably in Wealth Management or Private Banking
  • Degree qualified
  • MS Excel; word & PowerPoint
  • Microsoft Outlook
  • Knowledge in the use of Factiva

Company Reg No.: 201131609D | License No.: 11C4684 | EA Reg no: R1660533