AML Compliance Officer

Position: AML Compliance Officer (6 months contract + 0.5 month completion bonus)

We are hiring for a top tier private bank.

Work Location:
- Central Business District (CBD), work in office (no work from home)

General Description:
The Chief Risk Office (CRO) division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities of the bank, aiming at sustainable growth of the franchise.

Compliance is part of the Risk, Legal and Compliance Division and supports Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory, and reputational risks.

The KYC Compliance Officer (KYC CO) will support the Global Client Risk Review, responsible for Compliance Singapore’s KYC / CDD review and approval of high and highest risk existing client relationships booked in the bank. The role ensures that client files meet internal standards and regulatory requirements, with particular emphasis on Source of Wealth corroboration, Reputational Risk Assessment, and overall alignment with the firm’s Global Risk Appetite Tolerance Framework (GRATS).

Key Features of the Position:
- Support the Head of AML/KYC Singapore and the Head of KYC in managing Compliance’s review of existing client relationships booked in the bank.
- Be part of the KYC team of Compliance Officers supporting Compliance Singapore’s review in the execution of a Client Book Review initiative, aligned with the firm’s Global Risk Appetite Tolerance Framework (GRATS).
- Demonstrate appropriate values and behaviours, including but not limited to honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations.
- Conduct KYC / CDD review of high and highest risk existing client relationships booked in BJBS, ensuring conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards, with specific focus on Source of Wealth corroboration, Reputational Risk Assessment, and overall alignment with GRATS.
- Ensure KYC/CDD issues are properly identified, assessed, and documented with appropriate risk assessment, addressing any AML/KYC risk.
- Review and assess client transactional activities, name screening results, and assess adverse media, exercising judgment to identify unusual patterns and potential issues.
- Prepare materials and follow up on remediation actions.

Skills Requirements of the Position:
- Ability to manage internal and external stakeholders.
- Ability to set the right priorities and work on multiple assignments simultaneously.
- Strong sense of responsibility and impeccable integrity.
- Strong analytical skills and attention to detail.
- Excellent command of spoken and written English; proficiency in other Asian languages is an advantage.
- At least 5 to 6 years’ experience in KYC On-Boarding/Periodic review and/or AML role in Private Banking/Wealth Management.
- Ability to work independently and exercise sound judgment.
- Hands-on experience handling high-risk clients, including PEPs, complex ownership structures, trusts, and offshore arrangements.
- Good degree and understanding of the Private Banking and Wealth Management industry.
- Strong knowledge of MAS 626 Notice & Guidelines.
- Proficient in MS Word, Excel, and PowerPoint.

Reporting Line:
- Reports to Head of KYC

EA Reg No: 25C2690
EA License: R22105542

Only shortlisted candidates will be notified.

If you are interested, please send your updated CV to jency.chan@tangspac.com or apply via the link.