Periodic Review Compliance Officer (12-Month Contract, Renewable)

About the role

A top-tier Private Bank in Singapore's CBD is hiring a Periodic Review Compliance Officer for a 12-month contract, renewable based on business-as-usual performance. The role sits in the CRO division, which oversees the bank's risk identification, control, reporting and management framework, and supports Senior Management in complying with external and internal regulations. The officer joins the Periodic Review team and reports to the Head of Periodic Review.

Key responsibilities

• Support the CRO and Senior Management of the branch in managing operational, regulatory and reputational risks.
• Review and approve existing client relationships, portfolios and accounts, and support the review of new and incremental KYC/CDD risks.
• Collaborate with and guide local and overseas Relationship Managers on periodic review submissions, including KYC profile changes, account structure changes and adverse news.
• Review client profiles against internal requirements and AML/CFT/CDD standards, check completeness, consistency and accuracy of KYC information, and assess source of wealth narratives.
• Perform client risk assessments and due diligence, and review name screenings (Google, World Check, Factiva).
• Review transactions during the review period and investigate suspicious activity.
• Assess and escalate incremental AML/KYC risks, and support ad-hoc KYC/CDD matters raised by regulators, auditors and Head Office.
• Take part in KYC/CDD projects and process improvements.

Required profile

• At least 3-5 years' experience in KYC onboarding/periodic review and/or AML roles in private banking or wealth management.
• Good degree and understanding of the private banking and wealth management industry.
• Strong knowledge of MAS 626 Notice and Guidelines.
• Experience managing AML/CFT-related regulatory inspections, audits and strategic projects.
• Excellent spoken and written English; proficiency in other Asian languages is an advantage.

Required skills

• MS Word, Excel and PowerPoint
• Ability to manage stakeholders, prioritise and work on multiple assignments
• Analytical skills and attention to detail

Shortlisted candidates will be notified; applications are made through the employer's application link.