KYC Analyst (Periodic Review & Source of Wealth) – Private Banking #BJJ

1 Year Contract – KYC Analyst (Periodic Review & Source of Wealth) – Private Banking #BJJ

Salary: S$6,000 – S$8,000 per month

Our client is in the Private Banking area.

Job Responsibilities

• Perform end-to-end periodic reviews for Private Banking clients in accordance with AML/CFT regulatory requirements and internal KYC policies.
• Conduct comprehensive reviews of client profiles to ensure customer information remains accurate, complete, and up to date.
• Assess and validate clients' Source of Wealth (SOW) and Source of Funds (SOF) through documentary evidence and supporting information.
• Analyse customer risk profiles and perform risk assessments based on customer activities, jurisdictions, products, and transaction behaviour.
• Identify KYC documentation gaps, inconsistencies, or potential financial crime risks, and recommend appropriate remediation actions.
• Liaise closely with Relationship Managers, Compliance, and Operations teams to obtain outstanding KYC documents and clarify client information.
• Review complex client structures, including trusts, offshore entities, family offices, and high-net-worth individuals (HNWIs), where applicable.
• Conduct name screening, PEP, sanctions, and adverse media reviews in accordance with internal policies and regulatory requirements.
• Ensure periodic reviews are completed accurately within established service level agreements (SLAs) and regulatory timelines.
• Escalate high-risk cases, unusual findings, or potential AML concerns to Compliance for further assessment.
• Maintain complete and accurate client records, review documentation, and audit trails within internal systems.
• Support remediation projects, regulatory initiatives, and process improvement activities relating to KYC and client due diligence.

Job Requirements

• Degree in Banking, Finance, Business, Accountancy, Law, or a related discipline.
• 3–8 years of experience in KYC, Client Due Diligence (CDD), Enhanced Due Diligence (EDD), Periodic Review, or AML Compliance within Private Banking or Wealth Management.
• Strong knowledge of MAS AML/CFT regulations, Private Banking KYC standards, and regulatory requirements.
• Hands-on experience assessing Source of Wealth (SOW) and Source of Funds (SOF) for high-net-worth and ultra-high-net-worth clients.
• Familiarity with sanctions screening, PEP screening, adverse media review, and client risk assessments.
• Experience handling complex ownership structures, trusts, and corporate entities is an advantage.
• Strong analytical, investigative, and documentation skills with high attention to detail.
• Excellent communication skills with the ability to engage Relationship Managers and Compliance teams effectively.
• Proficient in Microsoft Office applications; experience with KYC platforms such as Fenergo, World-Check, or similar systems is an advantage.

Please send your application directly via janntan@recruitexpress.com.sg for a faster response.

Only shortlisted candidates will be notified.

(Jann) Tan Wei Ying (R1103708) Email Address: janntan@recruitexpress.com.sg Recruit Express Pte Ltd EA License No: 99C4599 Recruiter's Ref Code: #BJJ