Client Due Diligence Manager, Assistant Vice President (Finance)

TL;DR

Client Due Diligence Manager, Assistant Vice President (Finance): Managing client onboarding and AML/CFT monitoring for a private bank with an accent on KYC risk identification and regulatory compliance. Focus on corroborating Source of Wealth and Source of Funds, investigating suspicious transactions, and ensuring adherence to MAS and HKMA regulations.

Location: BOS Singapore

Company

A global private bank offering comprehensive wealth management services through the OCBC Group's global network.

What you will do

• Manage end-to-end client onboarding, including account approval, KYC/AML/Tax risk identification, and plausibility checks.
• Verify and corroborate clients' Source of Wealth (SoW) and Source of Funds (SoF).
• Conduct periodic reviews of existing client relationships and resolve alerts from customer database screening.
• Investigate suspicious activities and provide recommendations for filing suspicious transaction reports to CAD and MAS/HKMA.
• Collaborate with Relationship Managers, Market Heads, and Compliance teams to ensure seamless onboarding.
• Train front-office staff on KYC/AML procedures and implement system/process enhancements to meet evolving regulatory requirements.

Requirements

• 5–10 years of experience in AML/KYC within a risk and control function in a private banking environment.
• Proven client onboarding approval experience in Singapore (SG) and/or Hong Kong (HK).
• Deep knowledge of MAS, HKMA, FATF, and Wolfsberg regulations.
• University degree in Accountancy, Finance, Business Administration, or a related field.
• Strong understanding of AML/CFT frameworks and risk categories including PEP and Sanctions.
• Proficiency in MS Excel, Word, and PowerPoint.

Culture & Benefits

• Culture promoting openness, teamwork, and fairness.
• Professional and personal development programs.
• Attractive remuneration packages and non-financial benefits.
• Opportunities for career growth within OCBC Group’s global network of subsidiaries.