About the role
AI summarisedThis role is for a CDD Operations Analyst at a bank in Singapore, responsible for conducting customer due diligence and enhanced due diligence checks to ensure compliance with regulatory requirements. The analyst will verify KYC information, maintain accurate records in the CDD system, and collaborate with compliance and risk teams.
BusinessFull-timeGeneral
Key Responsibilities
- Conduct customer due diligence (CDD) checks for all new and existing clients in accordance with Singapore and CIMB Group's regulatory requirements.
- Perform enhanced due diligence (EDD) on high-risk customers (individuals or entities).
- Review and validate customer information, documents, and other data related to customer accounts.
- Collect and verify KYC (Know Your Customer) information including identity verification, addresses, and sources of funds.
- Ensure completeness and accuracy of CDD files and documentation.
- Identify and report any suspicious activities or potential money laundering risks.
- Maintain up-to-date knowledge of anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
- Maintain and update customer information in the Bank's existing CDD system (NetReveal), ensuring all data is accurate and complete.
- Ensure customer records are properly categorized according to the established risk profiles.
- Provide support during audits and examinations related to CDD and KYC practices.
- Work closely with compliance, risk, legal, and other relevant teams to ensure the timely and accurate processing of due diligence information.
- Communicate with clients, internal teams, and third-party service providers to gather the necessary documentation and information.
Requirements
- Min. Bachelor's Degree in a related discipline.
- At least 2 years of relevant banking experience (in areas concerning KYC and/or AML).
- Meticulous and excellent time management skills.
- Team player with good people skills, driven and independent.
- Able to meet deadlines and work under pressure.