Assistant Manager - Private Bank, Client Onboarding

About the role

HL Bank Singapore is hiring an Assistant Manager for its Private Banking Client Lifecycle Management (CLM) team. This is an individual contributor role focused on reviewing account opening AML/KYC profiles and supporting Relationship Managers with Source of Wealth (SoW) documentation.

Key responsibilities

• Review Private Banking clients' account opening AML/KYC profiles for adequacy and compliance with legal, regulatory and policy requirements.
• Review submitted documents to verify clients, including complex ownership structures and corporate legal arrangements.
• Guide Relationship Managers on SoW journey write-ups and corroboration requirements.
• Liaise with the Compliance Team (as 1.5 line of defense) to ensure quality submissions for account opening, periodic review and triggering event review.
• Ensure timely reviews of AML/KYC profiles and review client transactions during periodic reviews to spot red flags.
• Review name screening assessments and independently assess the materiality of true or unverifiable hits.
• Guide junior team members and propose process improvements to existing KYC processes.

Required profile

• Relevant degree in Banking, Finance, Accounting or a similar field.
• At least 6 years of relevant KYC experience in banking, with at least 2 years in Private Banking.
• Experience reviewing CDD documents to identify complex ownership structures and corporate legal arrangements.
• Strong writing skills to help RMs improve SoW write-ups, and strong professional communication skills with RMs, Compliance and other stakeholders.

Required skills

• In-depth knowledge of MAS Notice 626 and its guidelines.
• Familiarity with the latest Source of Wealth corroboration standards.
• Deep operational knowledge of KYC processes: Account Opening, Periodic Reviews and Trigger Event Reviews.