Objective Summary – Client Onboarding Specialist
Responsible for conducting due diligence reviews for new accounts, and ongoing periodic customer reviews in line with MAS regulations, Group directives and local policies.
Your responsibilities:
- Conduct comprehensive customer due diligence (“CDD”) and documentation reviews for the onboarding of new clients and periodic account reviews.
- Ensure strict adherence to Group and local policies and procedures, and MAS regulations during the due diligence process for new account openings and existing client accounts.
- Collaborate closely with relevant business teams and key stakeholders to address any CDD deficiencies required for client acceptance.
- Contribute to execution excellence of the Bank’s account opening review process while complying with regulatory requirements, i.e. prompt turnaround time to open accounts.
- Up keeping of relevant internal policies and procedures to be in line with regulatory changes.
- Other relevant ad-hoc tasks
Requirement:
- Bachelor’s degree ideally in business, accounting, or related banking disciplines.
- Minimum 5 years’ relevant experience in customer due diligence review preferably within the corporate banking or private banking segment.
- Strong knowledge in Microsoft Office application, especially in Word, Excel and Powerpoint.
- Strong understanding of customer due diligence requirements and Anti-Money Laundering/Countering the financing of terrorism regulations.
- ACAMS qualification or Graduate Diploma in Compliance or AML preferred but not compulsory.
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