Compliance Associate / Executive

Company: Baxian Trust (Labuan) Limited

Job Description

Duties include but not limited to:

a) Customer Due Diligence (“CDD”)

• Act as first or second layer reviewer for all AML file reviews including the onboarding of new prospect clients, periodical reviews of existing clients, risk assessment, verification of name screening, and any other adhoc task, to ensure all KYC and CDD documents and information are up-to-date, and in accordance with SOPs.
• Review and evaluate high-risk clients including PEPs and OHR clients.
• Prepare or review risk assessments for new and existing clients, identifying points of concern and file Internal Suspicious Transaction Reports (“ISTR”) promptly when suspicions arise.
• Perform, review, and analyse name screening (World Check and Google searches) on clients and their counterparties, including ongoing screening, and escalate matches to the Compliance Team Lead or Compliance Officer when required.
• Liaise with Relationship Managers to request KYC documentation, provide first-level compliance support and advisory, and ensure documentation is properly organized and securely stored.

b) Record Keeping

• Maintain, update and ensure proper organisational filing of KYC documents and information in the respective client company files, shared drives and update the same in the in-house customer management system.

c) Others

• Assist the Compliance Team Lead on other ad hoc tasks, as and when directed from time to time.
• Provide peer-to-peer training and guidance to junior staff and assist in addressing and rectifying audit findings.
• Attend all trainings and undertake any testing, as and when requested and required.

Requirement

• Hold a Diploma or Bachelor’s degree, preferably in finance, economics, accounting, or legal field.
• Preferably 2-years’ experience in AML - KYC & Customer Due Diligence.
• Proficiency in World Check or any other name screening systems will be an added advantage.
• Working knowledge of TCSP industry will be an added advantage.
• Working knowledge of corporate and trust structure will be an added advantage.
• Able to work independently and a self-starter with positive mind set to work in any challenging situations.
• Good command of English (both oral and written).
• Strong proficiency with PowerPoint, Excel, Word, SharePoint.

**ONLY shortlisted candidates will be contacted.