Periodic Review Compliance Officer

About the role

Julius Baer's Compliance Singapore, part of the Risk, Legal and Compliance Division, reviews and approves all High and Highest existing client relationships, portfolios and accounts held in Bank Julius Baer Singapore. The Periodic Review Compliance Officer joins the Periodic Review team of Compliance Officers supporting the BJBS branch and works under the CRO division's framework.

Key responsibilities

• Support the CRO and Senior Management in ensuring compliance with external and internal regulations and managing operational, regulatory and reputational risks.
• Build relationships with the Front Office, Client Documentation Services, KYC/AML Onboarding, AML Investigations and Risk Management teams, and support the Heads of AML/KYC and Periodic Review.
• Guide local and overseas Relationship Managers (Hong Kong, Thailand, Dubai) on periodic review submissions, including KYC profile changes, account structure changes and adverse news or risk elements.
• Review client profiles against AML/CFT/CDD standards, ensure KYC information is complete, consistent and accurate, and assess source of wealth narratives and plausibility.
• Perform client risk assessments and due diligence, assess incremental AML/KYC risk, and escalate escalations on incremental risks.
• Review name screens (Google, World Check, Factiva) and review transactions for alignment with the client's risk profile, investigating suspicious activity.
• Respond to ad-hoc KYC/CDD enquiries from regulators, auditors and Head Office, and take part in KYC/CDD projects and process improvements.
• Act with integrity, due care and diligence, document KYC/CDD issues and escalate them timely, especially where suspicious conduct is identified.

Required profile

• At least 8-10 years' experience in KYC onboarding, periodic review and/or AML in private banking or wealth management.
• Good degree and understanding of the private banking and wealth management industry.
• Experience managing AML/CFT regulatory inspections, external and internal audits and strategic projects.
• Strong personality, good organisational skills, team player with prior team lead experience an advantage, able to set priorities and handle multiple assignments.
• Excellent spoken and written English; proficiency in other Asian languages is an advantage.

Required skills

• Knowledge of MAS 626 Notice and Guidelines.
• PC proficiency: MS Word, Excel, PowerPoint.