Operations Support (Insurance, West, Client onboarding) - Jurong West

RecruitFirst is hiring! You will be outsourced to:

Location: West

Working Hours: Mon – Thur: 8.30am – 5.15pm, Fri: 8.30am – 5.30pm

Duration: 12 months contract

Job Description:

• To review and ensure the sales process for 3rd party products are conducted according to internal guidelines and MAS regulations.
• Client onboarding (Client Risk Scoring, and Name Screening) and to document the rationale/ investigation findings.
• Complete background checks and prepare case file (including corroboration against internal thresholds) for review by 2nd line as required.
• Corroborate Source of Funds ("SOF") and Source of Wealth ("SOW") for High-Risk Customers ("HRC") for recommendation and approval.
• Coordinate between business units and Compliance department for AML matters.
• Assist in identifying policy gaps, business issues, documentation gaps and formulate/improve policies, procedures, and practices.
• To review, maintain and update SOP’s across PFA Operations in a timely manner.
• To support PFA Operations and IT on daily BAU matters, besides the above as requested by the HOD.
• Participate and/or lead new initiatives and projects as planned by the PFA Operations and IT department

Requirements:

• Diploma or degree in business administration/ management and/or professional life insurance qualification
• Team player and strong communication skills
• Self-motivated and able to work independently and meet tight timelines
• Knowledge in Financial Crime matters (AML / ABC) is preferred.
• Prior knowledge in General Insurance / Unit trust operations is an added advantage.
• Knowledge in AS400 system is also an added advantage
• Singaporeans only.