AML/ KYC Assistant Manager/ Senior Officer

Job Description

The successful incumbent will represent the first line of defence and be a key stakeholder in driving the AML/KYC function within the region. The scope of work will be completed in accordance with IQ-EQ’s internal AML/CFT framework, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, both internal and external. This role will cover both fund administration and corporate segments.

Tasks

  • Managing the AML/KYC team in Singapore.
  • Act as subject matter expert and main point of contact to clients and internal departments, providing support and guidance on all AML/KYC matters where required.
  • Perform client and fund investor due diligence for new & existing accounts in accordance with MAS and CIMA AML/CFT rules, along with internal policies and procedures to identify and mitigate any risks for the clients and IQ-EQ.
  • Manage end to end process including kick off projects and coordination with clients, and all other relevant stakeholders within the IQ-EQ teams.
  • Review and conduct source of wealth & funds corroboration of clients and investors in line with regulatory requirements.
  • Familiar with AML/KYC requirements for individuals and different types of entities e.g., Companies, Limited Partnerships, Financial Institutions, VCCs, Trusts etc.
  • Well-versed in Enhanced Due Diligence for high-risk cases including PEPs, Adverse Media, Sanctions, and other independent recommendations to mitigate identified risks.
  • Provide support to the business during preparation of escalation processes to the Asia Leadership Team and/or Group Risk & Compliance.
  • Assisting in contributing to the updating and documenting of processes and procedures in all aspects of the AML/KYC cycle.
  • Lead any system development projects and ensure all team members are updating the necessary registers and databases in a timely and accurate manner.
  • Preparation of Key Risk Indicators and other management reports.
  • Assist with client and internal ad-hoc requirements from time to time which include but are not limited to process walkthroughs, internal audit, AML questionnaires and/or regulatory inspections.
  • Leading training of new and existing joiners, and other colleagues covering areas such as remediation projects, latest regulations, change in operational processes and refreshers as and when required.
  • Implementing and driving efficiency within the team, supervising tasks performed by team members.
  • Contribute ideas and participate in transformation and change initiatives to drive continuous improvement to further enhance key deliverables.

Other

  • Support the department as required within the confines of role.
  • Undertake any additional reasonable duties or special projects as required by the firm.

Qualifications

Key competencies for position and level

  • Strong analytical skills with excellent attention to detail, sound judgment and initiative.
  • Ability to provide solutions and handle complex AML and KYC related issues.
  • Effective and efficient communication of AML and regulatory information
  • Being part of a good governance model and strengthening the first line of defence culture.

Required Experience

Essential Criteria:

  • Bachelor’s degree in law, accounting, finance, or equivalent fields
  • At least 3-5 years’ experience in AML/KYC roles, AML Compliance, Client Due Diligence, or related function
  • Excellent organisation, prioritisation, and interpersonal skills.
  • ‘Can do’ attitude, ability to cope with tight deadlines and working under pressure in a fast-paced environment.

Desired Criteria:

  • Intermediate to Advanced MS Office skills (especially Excel)
  • Professional Certifications in Anti-Money Laundering (such as ICA or ACAMS) is not mandatory but would be an advantage.
  • Sound knowledge on Fund Administration / Structuring, Investor AML/KYC or Company Administration would be helpful.
  • Experiences in client facing roles or sitting in the first line of defence would be an advantage.

Candidate who are more experience will be considered for Assistant Manager level.


Additional information

At IQ-EQ we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations. With a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.  


Company description

IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients operating worldwide.

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