KYC Analyst - Private Banking

KYC Analyst -1 year Contract - Singapore

KYC / Client Onboarding:

• Conduct KYC due diligence on new and existing clients in line with the bank’s requirements and applicable local/private banking regulations.
• Collect, verify, and maintain all relevant client documentation, ensuring a complete and auditable trail of actions taken.
• Perform periodic reviews and refresh KYC information on existing clients.
• Identify, assess, and escalate potential KYC risks, red flags, and operational issues as appropriate.
• Classify clients from a risk and regulatory perspective, ensuring accurate risk rating.
• Manage own caseload efficiently, coordinating with internal KYC and compliance teams globally.
• Collaborate with stakeholders across the bank to resolve KYC issues and ensure adherence to timelines.
• Support ad-hoc projects or compliance initiatives as required.

Compliance & Regulatory Awareness:

• Keep up to date with local regulatory changes, industry developments, and news that may impact banking operations.
• Support compliance monitoring, including sanctions checks, AML, and ABC (Anti-Bribery and Corruption) considerations.
• Ensure mandatory compliance trainings are completed on time.
• Provide accurate reporting and updates to management and key stakeholders.

Requirements:

• Solid hands-on experience in KYC due diligence within financial services or private banking.
• Strong knowledge of local Singapore private banking regulations, practices, and market nuances.
• Proficiency in Mandarin is required to communicate with Chinese clients.
• Experience in risk classification and understanding of AML, sanctions, and financial crime regulations.
• Strong analytical skills with high accuracy and attention to detail.
• Proficient in Microsoft Office (Word, Excel, Outlook) and KYC/compliance tools.
• Ability to work in team, manage multiple tasks simultaneously, and meet deadlines.
• Strong interpersonal skills and the ability to influence stakeholders diplomatically.
• Flexible and self-motivated with a proactive approach to problem-solving.