Change in Circumstances Review Officer

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

The Change-in-Circumstances Review OFFICER is part of the COO Division of Julius Baer Singapore (BJBS) in the Client Documentation Services Team. The Change-in-Circumstances Review Officer is responsible to perform KYC plausibility checks, assess AML/KYC risk, review and approve any change-in-circumstances (CIC) for Standard and Medium Risk client relationships booked in BJBS within available SLAs. Additionally, the review also includes assessment of name screening results with appropriate comments from Front office.

YOUR CHALLENGE

Client Management (internal & external)

Support the Senior Management of BJBS Branch in ensuring compliance with external and internal Regulations and thus actively manage operational, regulatory and reputational risks

Build strong relationships with key stakeholders such as the BJBS Front Office, Legal, Compliance and Risk Management teams

Perform KYC plausibility checks and assess any AML/KYC risk, review and approve any change in circumstances (CiC) for Standard and Medium Risk client relationships booked in BJBS

Check quality of submission for name screening for new partners resulting from CiC and where required, request further information from Front office

Review and disposition of hits adequately documented. Promptly escalate all true and potential hits within the required timeline

Ensure quality service is provided to internal clients i.e. Relationship Managers / Assistant RMs

Engage stakeholders for trigger-event reviews of existing Standard / Medium Risk client relationships where required

Build knowledge base of the CiC team by providing guidance and coaching to junior members

Business Management

Review and approve any change in circumstances for Standard and Medium Risk client relationships and ensure compliance with the Bank’s policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate risks (legal, regulatory and/or reputational) for the Bank

Review and assess the plausibility of change in circumstances submitted by the Front for existing clients

Review, assess, and uplift if necessary, the KYC information of accounts identified as part of the Bank’s enhanced KYC checks

Review and assess the risk of opaque legal structures identified during CiC

Address Sanction true matches, as well as true matches for other AML/CFT risks identified during the Bank’s Name Screening processes

Provide advice to Front employees on KYC/CDD- related matters

Provide advice to the management and local risk committees on the AML/CFT risk of a client relationship

Strong commitment to quality service and a desire to drive continuous process improvement initiatives

Regulatory Responsibilities &/OR Risk Management

Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations

Ensure that KYC/CDD issues are properly identified, assessed, and documented

Ensure that where KYC/CDD measures cannot be completed there is timely escalation to AML Controls, where suspicious activities /conduct is also noted

Ensure timely assistance and cooperation is rendered to MAS’ and law enforcements’ requests for information

Ensure adherence to relevant regulatory laws, compliance policies and procedures when performing quality review

Work with Compliance and other stakeholders

RANK APPLICABLE TO THE POSITION

Associate Director

YOUR PROFILE

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

Strong Personality with good organisational skills

Excellent communication skill

Ability to effectively manage internal and external stakeholders

Setting the right priorities and ability to work on multiple assignments at the same time

A strong sense of responsibility and impeccable integrity

Strong analytical skills

Excellent command of spoken and written English, other languages are an advantage

Professional and Technical

At least 6-10 years’ experience in either KYC/AML-related role, preferably in Private Banking

A good degree of understanding of the Private Banking and Wealth Management industry and or trust companies

Strong knowledge of the MAS 626 Notice & Guidelines

Experience in preparing reports and excellent excel skills

We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site.

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