• Responsible for overseeing account approval, AML and compliance risk by monitoring the KYC and CDD, to ensure Private Banking account opening procedure meets Singapore regulatory requirement for high-net worth individual clients.
• Develop AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return.
• Support management to formulate business plans and develop sales management reports and MIS to drive business growth.
• Provide general client service support to front office.

• Implement AML Policy and the relevant procedures and guideline.
• Supervise the conduct of AML control activities to ensure full compliance.
• Comply with anti-money laundering and counter terrorist financing controls in accordance with regulatory standards and the bank policies during account opening, account periodic / trigger review, and suspicious transaction reviews.
• To ensure new Private Banking clients meets Singapore regulatory requirement for high-net worth individual clients.
• Support frontline and adhere to anti-money laundering and counter terrorist financing controls in accordance with regulatory standards and the Bank policies.
• Ensure timely completion of all periodic and trigger reviews.
• Ensure adequate oversight is exercised over the conduct of AML control activities through review of MIS or other appropriate means.
• Ensure client due diligence & client suitability checks are in order, and to ensure accuracy of capture to avoid incidents and dealing errors.
• Support the front office on sales order processing/fulfillment and follow up with mid-office to ensure timely and accurate order processing
• Provide regular quality checking and phone call monitoring.
• To ensure all complaints are handled promptly, efficiently and effectively.
• Collaborate with front office other business units to ensure policies are in compliance.

• Review Private Banking clients' account opening documentation for adequacy and compliance with legal, regulatory and policy requirements.
• Ensure the completeness and validity of account-opening documents. Set-up of new accounts in the system and custody of the account-opening file for regular post-acceptance review upon account approval by PB management.
• To liaise with Relationship Managers (RM) and Assistant RMs in SG and/or in HK to complete the required account opening documentation; to provide advisory and guidance on documentation requirements where required.
• Ensure the completeness and validity of account-opening documents.
• To liaise with the colleagues in operation team to ensure accounts are opened in the systems timely.
• To ensure document deficiencies are accurately tracked and escalated per procedure.
• To review change in client's circumstances based on client's documents received.
• To clear system generated name screening alerts or perform manual screening.

• To support other teams where necessary on various activities e.g. such as signature verification, information retrieval, etc.
• To collaborate with Hong Kong and/or Singapore RMs and Assistants and other stake holders to deliver consistent best in class account opening experience to our clients.
• To proactively identify areas of improvement and suggest viable solutions.
• To participate in AML related projects as a content provider or a stakeholder.
• To perform management reporting and data analysis on key operational risk items.
• To ensure no repeat review findings by Compliance, Group Compliance, Internal or External Auditors.
• Assist and participate in projects; liaise with different departments to ensure projects are completed on a timely manner.

• Comply with anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and the Bank policies.

• Bachelor's degree in any Finance & Banking or equivalent fields
• Minimum 10 years of relevant experience in banking in risk and operation management.
• At least 5 years of hands-on experience in the AML field (client onboarding review [including documentation], ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards.

Salary: $9,500 Per Month