Periodic Review Compliance Officer

Julius Baer is hiring a Periodic Review Compliance Officer in Singapore, Singapore. Level rates it ; you can apply on Julius Baer.

Level's read on this job

Little AI ●○○○ is how Level rates this role: aI is not part of the work.
Level classes it as a senior role.
Julius Baer has 190 other open roles on Level.

AI in this role

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 CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Julius Baer, aiming at sustainable growth of the franchise. As a member of the CRO division, the incumbent is expected to abide by relevant principles and expectations as specified in the CRO Business Organisation Manual.

Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.

The Periodic Review Compliance Officer (“PR CO”) will be responsible for Compliance Singapore’s review and approval of all High and Highest existing client relationships, portfolios and accounts booked in Bank Julius Baer Singapore (“BJBS”).

YOUR CHALLENGE

People Management

Support the CRO and Senior Management of BJBS Branch in ensuring compliance with external and internal regulations in the areas mentioned above and actively manage operational, regulatory and reputational risks.
Part of the Periodic Review team of Compliance Officers supporting BJBS Branch.

Client Management (internal & external)

Build strong relationships with key stakeholders such as the BJBS Front Office, Client Documentation Services (CDS), KYC/AML Onboarding, AML Investigations and Risk Management teams.
Support Head of AML/KYC Singapore and the Head of Periodic Review in the management of Compliance’s review of existing client relationships, portfolios and accounts booked in BJBS, as well as the review of new/incremental KYC/CDD risk identified during the duration of the client’s relationship with BJBS.
Collaborate and guide local and overseas Relationship Managers (i.e. Hong Kong, Thailand and Dubai) in their periodic review submissions, including KYC profile changes, account structure changes and newly identified adverse news and risk elements.
Assist and support ad-hoc KYC/CDD related matters and enquiries from regulators, auditors (internal and external) and Head Office.

Business Management

Review client’s profile for the relevant periodic review period to ensure conformity to internal requirements and latest regulatory requirements on AML/CFT/CDD standards; Ensuring completeness, consistency and accuracy of KYC information, adequacy of source of wealth (“SOW”) narrative and reasonableness of plausibility assessment.
Perform client risk assessments and due diligence analysis with focus on High/Highest risk profiles
Assess and address incremental AML/KYC risk noted during periodic review; escalations on incremental risks noted on client profile.
Review and assess name screenings to facilitate periodic review (Google, World check, Factiva).
Perform transaction review for all transactions occurring during the relevant periodic review period; Ensuring the transactional activities are aligned with client’s risk profile; Identify and investigate any suspicious transactions.
Participate in projects, process improvement and discussions relating to KYC/CDD.

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 KYC/CDD issues are properly identified, assessed and documented.
Timely escalations where KYC/CDD measures cannot be completed, especially where suspicious activities /conduct is identified.

YOUR PROFILE

Personal and Social

Strong Personality with good organisational skills
Team Player. Prior team lead experience will be an advantage
Ability to 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; detailed-oriented
Excellent command of spoken and written English, proficiency in other Asian language(s) will be an advantage

Professional and Technical

At least 8-10 years’ experience in either KYC On-Boarding/Periodic review and/or AML role in Private Banking/Wealth Management
A good degree and understanding of the Private Banking and Wealth Management industry
Strong knowledge of the MAS 626 Notice & Guidelines
Experience in managing AML/CFT-related regulatory inspections, external and/or internal audits and strategic projects
PC proficient: MS Word, Excel, PowerPoint

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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How we rate this

Periodic Review Compliance Officer at Julius Baer rates 37 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.