Perform due diligence reviews and identify key risks in KYC information for the onboarding of new client accounts; with a particular focus on High-risk clients including Politically Exposed Persons on a timely manner in accordance to the Bank’s Policies and Procedures.
Performs plausibility assessment of clients’ source of wealth (SOW) and work with Front Office to ensure independent corroboration.
Conduct screenings and perform first level screening assessment via SmartkKYC on account related parties and SOW companies.
Document Client Onboarding Assessment with a clear articulation of the potential AML, reputational and Sanctions (where applicable).
Provide high quality advice and training to stakeholders with respect to due diligence measures and on applicable internal policies and local regulatory expectations;
Collaborate closely with the relevant stakeholders including other Compliance teams, Relationship Managers, Business Managers and Senior Management to ensure a thorough due diligence assessment
Support in diverse tasks including audits, inspections, regulatory reporting; and
Participate in various projects including system enhancement and process improvement initiatives, working closely with stakeholders to define business requirements, conduct user acceptance test, ensure proper business integration and provide post implementation support;
Provide any other additional ad-hoc support to the Client Due Diligence/Compliance team as and when is required.
8-10 years of relevant experience within Compliance or audit, with a strong focus on the AML/CDD function within the Private Banking Sector.
Thorough knowledge of AML regulatory requirements - (i) MAS Notice on the Prevention of Money Laundering and Countering the Financing of Terrorism (ii) Effective AML/CFT Controls in Private Banking.
Thorough record keeping abilities with attention to detail.
Effective communicator with excellent interpersonal skills will be vital in managing internal stakeholders and fostering collaborative relationships within the Bank.
Ability to multi-task and work well in a fast-paced environment.
We are looking forward to receiving your online application.
For any further information please do not hesitate to contact us!
LGT Bank (Singapore) Ltd.Human Resources
En Hui TeoTop Skills
What We Do
Forward-looking for generations LGT is an international private bank owned by the Princely Family of Liechtenstein with 23 locations in Europe, Asia, Australia, and the Middle East. Our solid capitalization, long-term thinking, and strategic focus underpin our strong values. These are rooted in 900 years tradition and entrepreneurial thinking. Digitization represents a key pillar of how we continually innovate to find better ways of doing things - today and for the future. Sustainable and social: Sustainability is a pillar of LGT's strategy. Thinking, managing, and investing sustainably are integral parts of our DNA. LGT has committed to reducing the net CO2 emissions from its operations and its investments to zero by 2030. The Princely Family’s view is that wealth itself isn't a purpose, but that it comes with a sense of responsibility. Being wealthy means embracing and acting on that responsibility, as well as passing these values on to the next generation. LGT as an employer: LGT is a vibrant, growing international company and employer. We are certified as a Great Place to Work by the international consulting and research institute of the same name. Whether you have a wealth of experience or are embarking on your first professional steps, LGT careers offer an empowering environment to realize your ambitions. Take your next career step at one of our 23 international locations: www.lgt.com/global-en/career/jobs Publishing information: www.lgt.com/global-en/publishing-information
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