Senior Associate - Risk & Compliance (AML/KYC)

About the role

PwC's Risk & Compliance Solutions (RCS) team helps asset and wealth managers redesign their governance, risk and compliance frameworks and use technology to improve performance. The AWMS RCS team is expanding and is looking for a Senior Associate with strong experience in risk & compliance and AML/KYC. You will work with local, regional and global asset managers, alternative asset managers, wealth managers, digital wealth managers, digital asset players and other capital markets intermediaries.

Key responsibilities

• Advise asset and wealth managers and other capital markets intermediaries on governance, risk management and regulatory compliance, including MAS requirements.
• Support the design and assessment of compliance and risk frameworks and monitoring programmes covering business conduct, portfolio management, fund operations, sales and product compliance, outsourcing, culture and conduct, and technology risk.
• Review business processes and internal controls, identify gaps and recommend practical remediation and efficiency improvements.
• Draft reports and client deliverables and present findings to clients.
• Provide outsourced compliance support, including regulatory reporting, compliance monitoring and implementing regulatory changes.
• Help clients set up AML/KYC frameworks and standard operating procedures.
• Carry out initial and ongoing AML/KYC due diligence on investors and clients, including identity, beneficial ownership and source of funds/wealth checks.
• Review investor and client documentation, conduct sanctions, PEP and adverse media screening, and escalate red flags.
• Maintain AML/KYC records and support periodic and enhanced due diligence reviews for higher-risk investors.
• Liaise with clients and investors on additional documentation and onboarding queries, and stay current on AML/CFT and KYC regulatory developments.

Required profile

• Bachelor's degree in accounting, commerce, business, finance, law or a related field.
• At least 2 years' experience in external/internal/IT audit (preferably Big 4 or financial institution), regulatory compliance or risk & controls in financial services, or AML/KYC, investor onboarding or client due diligence in asset/wealth management or capital markets.
• Good understanding of the asset and wealth management and capital markets landscape, and familiarity with MAS regulatory requirements for capital markets intermediaries.
• Strong analytical skills, attention to detail, and clear written and verbal communication skills.
• Professional, motivated self-starter who can manage multiple priorities under tight deadlines.

Required skills

• Proficiency in Microsoft Office.
• Experience with AML screening and KYC systems is an advantage.