Singapore Job Openings

Bank of Singapore

Client Due Diligence Manager - SOW Uplift (Vice President)

FULL TIME

November 5, 2024

Client Due Diligence Manager - SOW Uplift (Vice President) - (240001NA)

Description

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Client Due Diligence Manager!

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

This position within the Client Onboarding & Lifecycle Management Front Office Post Onboarding Review – Source of Wealth Uplift Review (“SUR”) Team Lead is responsible for supporting our Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for our existing clients. The successful candidate is expected to lead the entire remediation program, manage the source of wealth remediation analysts and stakeholders, be knowledgeable in CDD/AML and SOW principles, and be able to analyse and identify gaps and risks in the existing KYC and Source of Wealth (So W) information. The successful candidate is also expected to be able to work well within the team, across teams and functions while taking initiative and ownership over his/her own area of work.
Main Duties

Provide transparency and oversight to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review to ensure cases are reviewed and completed in a timely manner and any issues/ roadblocks are identified early.
Ensure the source of wealth remediation program is on-track and completion targets are met
Prepare required reporting to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review on the source of wealth remediation completion progress
Manage the source of wealth remediation team members by providing guidance and coaching, managing escalation and issue resolution
Perform pro-active stakeholder management
Ensure that cases sent across for review are in-line with the regulatory requirements and the Bank’s relevant policies and procedures
Liaise with internal and external auditors, regulators, Compliance Testing team on any queries in relation to the source of wealth remediation program
Provide support on training new joiners to the team and Front Office on source of wealth requirements arising from the remediation program
Keep abreast of changes to regulatory requirements for AML/CFT and communicate changes internally with a view to ensuring that the remediation program is in-line with the new requirements

Qualifications

Minimum 10-12 years of relevant experience working in a financial institution with relevant knowledge & experience in CDD/AML and Source of Wealth (So W); experience in a private banking environment is preferred but not a must
Strong attention to detail and controls, and can grasp new ideas and concepts quickly
Ability to work under pressure and manage workload and deadlines effectively
Experience in leading and running remediation projects will be advantageous
Experience in managing diverse teams
Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
Competent in Microsoft Office tools, particularly Excel and Power Point
University degree or higher education
Professional certifications such as ACAMs or ICA would be an added advantage

Primary Location: Singapore

Job: Client On-boarding

Organization: Bank of Singapore Division

Schedule: Permanent

: Full-time

Job Posting: 05-Nov-2024, 5:03:24 AM

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