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Job Summary
- To perform customer CDD on new and existing customers of Corporate Banking Division
- To recommend and implement mitigation measures and undertaken projects to enhance compliance standards.
Job Responsibilities
- Performs customer due diligence (CDD) for new and existing customers.
- Assists to develop and maintain customer risk profiling as per Bank's Risk Based Approach (RBA) policy.
- Assist in developing CDD procedural manual or guidelines.
- Liaise with other business units as part of the CDD process.
- Recommends acceptance or termination of customers during customer's lifecycle under Bank's AML/CFT framework.
- Act as a subject matter expert on AMLCFT and provide guidance to staff on AMLCFT cases.
- Performs periodic customer reviews based on the Bank's RBA policy.
- Assist in developing and maintaining centralized CDD documentation depository.
- Ensure proper record-keeping of CDD data.
- Assists in developing, executing and monitoring compliance training programme.
- Undertake projects to enhance compliance standards.
- Assists in prepare reports, memos on compliance matter to management.
- Identifying potential weaknesses in current processes.
- Stay updated on money laundering and terrorist financing behaviors, issues, policies, regulations, typologies, industry best practices and developing trends.
- Assist in detecting or look out for unusual transactions to see if there is anything suspicious about them. Subsequently to raised Suspicious Transaction Report (STR).
- Keep confidential all reporting of suspicious transactions or matters relating to suspicious transactions and conduct any investigation discreetly. No warning or tipping off must be given to customers or clients;
- Other duties assigned as required from supervisor.
Job Requirements
Education & Certification
- Bachelor's Degree in Finance, Banking, Business, Accounting, Law, or a related discipline
- Professional certification in AML/CFT, Compliance, or Risk Management (e.g. CAMS, ICA, or equivalent) will be an added advantage
Experience
- Minimum 2–5 years of relevant experience in AML/CFT, Compliance, CDD, KYC, or Risk Management, preferably within Corporate Banking or Financial Institutions
- Hands-on experience in performing customer due diligence (CDD) for corporate and institutional clients
- Experience in risk profiling, periodic reviews, and customer lifecycle management under a Risk-Based Approach (RBA) framework
- Exposure to STR filing, transaction monitoring, and investigation of unusual or suspicious activities
