KYC Analyst, Private Bank (6 months)

Job description

Define your future at HL Bank Singapore Regulatory and Compliance Expertise MAS Guidance Mastery: In-depth working knowledge of MAS Notice 626 (AML/CFT requirements) and its associated guidelines, specifically concerning Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). Source of Wealth (SoW) Corroboration: Expert ability to analyze and validate the legitimacy and path of a client's entire accumulated wealth (e.g., from business sale, inheritance, successful career). This requires understanding complex ownership structures and reading corporate documents. Source of Funds (SoF) Verification: Skill in tracing and verifying the origin and purpose of the specific funds being transferred to the bank, ensuring consistency with the client's profile. Product & Service Knowledge: Understanding how different financial products (e.g., trusts, corporate accounts, investment funds) carry different risk profiles under the AML framework. Analytical and Investigative Skills Discrepancy Identification: The critical ability to spot inconsistencies or gaps between the information provided by the client (or Relationship Manager) and the supporting evidence gathered (e.g., public records, financial statements). Financial Statement Analysis: Competence in reviewing basic financial statements, tax returns, and business documents to corroborate declared income and wealth. Open-Source Intelligence : Proficiency in using public domain tools and commercial databases for negative news screening and verifying the identity and reputation of key individuals. Documentation and Communication Narrative Construction: The ability to write a clear, concise, and defensible rationale ("KYC Write-Up") summarizing the client's profile, the evidence reviewed, the risks identified, and how those risks are mitigated. This is crucial for audit and regulatory defense. Query Management: Strong professional communication skills to effectively raise clear and specific queries with Relationship Managers (RMs) and other stakeholders, ensuring the correct information is obtained efficiently without alienating the client or the frontline team. Record-Keeping: Meticulous attention to detail in ensuring all documentation and verification steps are accurately recorded in the bank's system (e.g., in a CRM or due diligence platform) to maintain a complete audit trail. About HL Bank Singapore HL Bank Singapore is the Singapore branch of Hong Leong Bank, a premier regional financial services leader headquartered in Malaysia with a rich heritage of over 120 years. Listed on Bursa Malaysia and a key member of the extensive Hong Leong Group, we operate a robust network of approximately 250 branches across Malaysia, with a strategic regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China. As a Full Bank in Singapore, we serve as a vital hub for the Group’s regional ambitions. A cornerstone of this strategy is our sophisticated "advisory-first" wealth proposition through HLB Private Bank and HLB Priority . By combining our deep Asian market roots with a landmark strategic alliance with Swiss private bank Lombard Odier, we provide world-class wealth architecture and bespoke solutions for our clients. Beyond our wealth focus, we deliver excellence through four core business pillars: Business & Corporate Banking, Personal Financial Services, Private Wealth Management, and Global Markets . This "Integrated Approach" allows our talent to collaborate seamlessly across segments, ensuring we effectively meet the multifaceted needs of high-net-worth individuals, business founders, and corporate enterprises alike. At HL Bank Singapore, our people are central to our success, and as a recognized Human Capital Partner (HCP) by TAFEP, we are committed to progressive workplace practices and your professional development. We seek digitally inclined, customer-centric performers who thrive in a technology-focused environment, where we empower our teams with AI-enhanced tools and next-generation platforms to lead the industry. As part of a large, diversified conglomerate, we offer unrivaled opportunities to explore new grounds and build a challenging career path within a rapidly expanding regional landscape. Join us to be part of a proven value-creation story and shape the future of your own story at HL Bank Singapore.