The Bank of East Asia, Limited
Singapore, SINGAPORE
(on-site)
Posted
9 days ago
Job Function
Legal Support
Description
Responsibilities- Perform end-to-end Know Your Customer (KYC) Onboarding, Periodic, and Trigger reviews as a Checker, and provide approvals for Normal and Medium Risk Financial Institutions, Retail and Corporate Banking customers.
- Perform end-to-end KYC Onboarding, Periodic, and Trigger reviews as a Checker, and escalate for approval for High-Risk Financial Institutions, Retail and Corporate Banking customers.
- Ensure all higher-risk cases are identified, escalated and relevant approvals are obtained.
- Review customers' Source of Wealth (SOW), including assessing documentation and producing well-structured SOW narratives.
- Review and clear Daily Name Screening alerts.
- Investigate and file Internal Suspicious Transaction Reports (ISTR) to Financial Crime Compliance Department (FCCD) on suspicious customers and transactions.
- Perform ad-hoc assessment on escalations from Business Units to determine whether Trigger Reviews are required.
- Perform ad-hoc name screening requests from other departments.
- Update of FATCA / CRS status in core banking system as required.
- Provide ad-hoc advisory for Business Units on KYC related matters.
- Prepare ageing report on outstanding KYC reviews for escalation to Branch Management.
- Generate monthly statistics on KYC, Transaction Monitoring and Daily Name Screening for FCCD or Regulatory Compliance Department (RCD).
- Maintain and update all relevant manuals and procedures to ensure compliance with requirements.
- Liaise with internal and external stakeholders such as auditors, Head Office, and Fraud Monitoring Operations as required.
- Participate in assigned projects and process improvement initiatives.
Requirements
- Bachelor's / University degree or equivalent.
- Minimum 5 years of relevant experience in the financial services industry.
- ACAMS or ICA AML qualification will be an advantage.
- Sound knowledge of MAS regulatory requirements (e.g., MAS Notice 626) and AML/CFT Industry Partnership (ACIP) best practices.
- Strong analytical skills and detail-oriented.
- Proactive and able to work independently.
- Good verbal and written communication skills in English and Mandarin.
Job ID: 81481129
