Commercial AML Specialist SG

Responsibilities: Compliance & Risk Management • Ensure thorough, timely and quality review of client onboarding requests • Partner with Relationship Managers in the KYC write-up, identify areas of clarification and ensure adequate follow-up with client and closure prior to KYC submission • Corroborate customer’s source of wealth information submitted • Track and report on the progress and efficiency of the high risk portfolio onboarding pipeline, risk trends and recurring KYC issues, actions triggered to ensure adequate progression of the case • Provide subject matter expertise and training to internal teams on high risk onboarding standards and regulatory changes on a periodic basis as and when required • Ensuring adverse news screening performed is in accordance with approved procedures and industry standards • To prepare periodic and ad hockey management/regulatory reporting on KYC Portfolio & Performance Management • Assist in the end-to-end client onboarding process, from prospect onboarding advisory to account opening and fraud management, facilitating compliance with the bank’s requirements and timely opening of accounts • Conduct periodic reviews and audits of account opening and onboarding documentation to ensure compliance with internal policies and regulatory standards • Identify and remediate documentation gaps, inconsistencies, and control weaknesses • Ensure timely escalation of documentation discrepancies and exceptions Stakeholder Engagement • Partner with Relationship Managers and Compliance to ensure documentation is fit-for-purpose and aligned with CDD policies and local requirements Process Optimization • Participate in initiatives to enhance turnaround time and efficiency, mitigating risk and contribute to the development and implementation of best-in-class CDD and onboarding practices and policies • Participate in initiatives to digitize and automate documentation workflows, reducing manual errors and improving turnaround times • Monitor industry trends and regulatory developments to proactively adapt and improve practices • Ensure adherence to turn-around-time for each stage of the end-to-end process, and tracking mechanisms as required Requirements: • Bachelor’s degree in Finance, Business, Law, or related discipline • Technical and Regulatory Knowledge relating to CDD and onboarding processing/risk • Experience in developing and implementing end-to-end process flows, and managing High risk clients would be an advantage • 5-7 years of experience in onboarding, compliance, or compliance assurance • Strong understanding of KYC, CDD, onboarding processes, and regulatory requirements • Technical understanding of CDD and onboarding end-to-end process • Strong analytical skill and eye for detail • Good communication and interpersonal skills • Independent, versatile and able to perform under pressure • Knowledge of Commercial Banking business practices, processes and procedures • Proven track record in managing regulatory compliance and risk assurance functions • Strong leadership, stakeholder management and communication skills • Good communication skills, written and spoken with the ability to communicate at all levels