Compliance - Private Bank
Director - AML / KYC Compliance
Location: Singapore
Industry: Financial Services / Capital Markets
Key Responsibilities
- Act as the primary compliance liaison for account opening and due diligence processes across Wealth and Corporate Client Solutions (WCS), Fixed Income, Equities, and Investment Banking teams.
- Serve as the subject matter expert on AML/CFT compliance, particularly in relation to private banking clients from China, providing advisory support to front office teams.
- Support the Head of Compliance in managing regulatory relationships and coordinating with internal and external auditors on compliance matters.
- Monitor and implement changes in AML/CFT regulations, including MAS and FATF updates, ensuring internal policies and procedures remain compliant.
- Conduct due diligence reviews and maintain proper documentation for client onboarding.
- Lead and support internal, external, and regulatory audits related to client onboarding and AML/KYC processes.
- Manage FATCA and CRS documentation and data submissions.
- Prepare regular AML/CFT reports for senior management and headquarters.
- Assist with operational compliance tasks such as signatory verification and account updates.
- Maintain regular communication with Relationship Managers to ensure timely completion of account documentation.
- Conduct periodic reviews of high-risk and existing WCS clients.
- Continuously review and enhance client onboarding processes, with a focus on improving efficiency for Chinese clientele.
- Oversee ongoing screening processes (e.g., WorldCheck), including escalation of adverse findings.
- Assist in preparing regulatory filings such as MAS Form 28 and other required AML/KYC reports.
- Lead or participate in compliance-related projects and initiatives.
Requirements
- Minimum 10 years of experience in AML/KYC compliance within private banking.
- Proven experience onboarding clients from China.
- Relevant AML/KYC certifications (e.g., CAMS).
- Proficiency in Chinese language is essential.
- Strong interpersonal skills and ability to collaborate with cross-functional teams.
- Self-motivated, independent, and resourceful.
- Strong commitment to compliance excellence.
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