About the Role
You will operate as part of the second line of defence, take charge of our periodic reviews, and assist with ongoing due diligence process and client on-boarding reviews. The role focuses predominantly on our corporate and institutional client base, with some exposure to individual retail clients.
What You Will Do
- Performing ongoing due diligence where there are changes to client information, ownership structures, adverse news, or other relevant developments.
- Act as a second line reviewer assessing KYC documentation, risk assessments, ascertaining Source of Wealth and Source of Funds and ensuring adherence to internal AML/CFT standards.
- Assist with conducting risk-based periodic reviews on existing clients to ensure compliance with internal policies and MAS requirements.
- Assess, identify and recommend account controls/restriction in order to mitigate MLTF risks posed by high-risk clients in accordance with internal procedures and regulatory standards.
- Maintain thorough documentation of reviews and decisions made, supporting audit and regulatory requests.
- Liaise with Commercial, Legal, Operations, and other stakeholders to ensure timely and accurate due diligence processes.
- Keep abreast of MAS regulations, guidelines, and industry best practices to ensure compliance measures remain current and effective.
What We Are Looking For
- Candidate must at least have a Bachelor's degree, and a minimum of 2 to 3 years of relevant experience in compliance, AML, or KYC/due diligence roles within financial services, preferably in payments, banks, or fintech.
- Strong interest in Cryptocurrency and the Crypto-industry is preferrable
- Working knowledge in Cryptocurrency will be advantageous
- Basic understanding of MAS regulatory expectations, particularly under the Payment Services Act.
- Familiarity with corporate structures, beneficial ownership, Source of Wealth/Funds and AML/CFT red flags.
- Detail-oriented with strong analytical and investigative skills.
- Ability to handle multiple priorities and meet deadlines in a dynamic environment.
- Strong written and verbal communication skills.