Senior Analyst - KYC (Private Baking)

4 days left

Delta Capita
Singapore, Singapore
01 Jan 2023
31 Jan 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Delta Capita ("DC"), a division of the Prytek Group, is a leading global managed services, technology solutions, and consulting provider with a unique combination of experience in financial services and capability in technology innovation. We design and develop new services and tools and leverage the substantial FinTech portfolio from our parent company, Prytek. Our vision is to 'Reinventing the Financial Services Value Chain', by providing a Business Operating Platform-as-a-Service, a trusted mutualised service for Financial Services, enabling client's business across the value chain. We help our clients reduce costs and improve processes and technology by moving them away from their existing propriety models towards mutualised managed services, enabling a healthier and more performant business. DC offers the following services:

  1. Managed Services
  2. Technology Solutions
  3. Consulting Across these global business lines:
  • Structured Retail Products
  • Client Lifecycle Management
  • Post Trade Services
  • Pricing and Risk
  • Technology Solutions
  • Consulting and Solutions

Our Culture Our DC Values describe how our culture comes to life day-today across the Group and how we work both internally and externally. We believe that our current and future success relies on:
  • Acting Responsibly
  • Being Courageous
  • Today not tomorrow
  • Being direct and speaking plainly
  • Collaborate for better outcomes
  • Being kind
  • Outperforming customer expectations
  • Being engaged
  • Being a change agent
  • Innovating and learning fast

Core to our Values is our commitment to ensuring our workplaces and workforce are as diverse and inclusive as possible. We work hard to create a culture where we can all be ourselves, celebrate our differences and realise our full potential.

DC are now formal subscribers to the UN Global Compact, focusing on 3 Goals: Gender Equity, Better Education, Innovating Infrastructure.

Job Description

The KYC Periodic Review Services Specialist role is focused on providing quality checks and guidance services to PB Relationship Managers in the Periodic Review and Focused Review processes, in view of the Financial Crime Compliance program for the Private Banking business in APAC division and ensuring existing client accounts are reviewed in accordance with the Bank's policies, standards, and applicable local legal and regulatory requirements. Coverage scope includes Client

Due Diligence (CDD), Source-of-Wealth (SoW), Tax, PEP, Sanctions, Sustainability Risk, Reputational Risk and client corporate structure documentation requirements. The KYC Periodic Review Services Senior Specialist position is an individual contributor role and will be required to:

  • Provide KYC/Client Due Diligence (CDD) Subject Matter Expertise and guidance to Relationship Managers in Private Bank, in view of establishing the highest levels of quality upfront and getting it right first time during ECPR and Focused Review processes
  • Perform an independent quality check of client profile updates during LifecycleManagement process, including Client Corporate Structure, Source-of-Wealth, KYC,Tax, US Indicia, Sanctions, PEP, Sustainability Risk, Reputational Risk and Client Risk Score, to ensure adherence to regulatory requirements and Bank policies
  • Be the single point of contact / case manager for Front Office, on Periodic Review cases
  • Be the Subject Matter Expert (SME) in ECPR and Focused Review processes, to addvalue to TOM implementation and delivery of continuous process/technology improvements
  • Uphold the highest standards of control, always keeping data integrity and process controls in mind while carrying out day-to-day work
  • Stay up-to-date with the latest regulatory, policy and procedural requirements, and take ownership of relevant procedural updates
  • Raise higher risk matters or regulatory questions to the Financial Crime Compliance team
  • Engage partners in Front Office, Compliance and Operations regularly, to enable effective collaboration in day-to-day work
  • Provide support for any regulatory & audit related reviews, and training/walkthrough of client onboarding process, as required
  • Add-value to continuous process-improvements, in view of the changing operating and regulatory environment, and participate in projects in view of Private Bank's strategic objectives and vision
  • Any other tasks assigned by the line manager or department head

The Ideal Candidate

  • Possess at least 4-6 years of relevant experience in KYC/AML/Client Due Diligence
  • ('CDD') experience in Private Banking/Wealth Management
  • Come with a reasonable understanding of KYC/AML requirements in Asia, especially local regulations
  • Have acquired relevant academic qualifications: University Graduate with Bachelor of Law, Accounting, Finance, Business or Economics
  • Possess outstanding problem-solving skills, and have the ability to apply risk-based assessment in the resolution of complex issues
  • Are a team-player who is committed to service delivery excellence and always have the bank and clients' best interests in mind
  • Proven capability to build and maintain collaborative relationships at all levels with key internal clients including business, operations and colleagues in Legal and Compliance
  • Have good written & verbal English language skills, and strong communication skills.

Only shortlisted candidates will be notified.