KYC Analyst, Private Bank (6 months)

Regulatory and Compliance Expertise

• In-depth working knowledge of MAS Notice 626 (AML/CFT requirements) and associated guidelines, specifically Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Ability to analyze and validate the legitimacy and accumulation path of a client’s wealth (Source of Wealth), including reviewing complex ownership structures and corporate documents (e.g., business sale, inheritance, successful career).
• Skill in tracing and verifying the origin and purpose of funds transferred to the bank (Source of Funds) to ensure consistency with the client’s profile.
• Understanding of how different financial products (e.g., trusts, corporate accounts, investment funds) carry different risk profiles under the AML framework.

Analytical and Investigative Skills

• Ability to identify discrepancies or gaps between information provided by the client (or Relationship Manager) and supporting evidence gathered (e.g., public records, financial statements).
• Competence in reviewing basic financial statements, tax returns, and business documents to corroborate declared income and wealth.
• Proficiency in using public-domain tools and commercial databases for negative news screening and verifying the identity and reputation of key individuals.

Documentation and Communication

• Ability to write clear, concise, and defensible rationales (“KYC Write-Up”) summarizing the client’s profile, evidence reviewed, risks identified, and how risks are mitigated—crucial for audit and regulatory defense.
• Strong communication skills to raise clear, specific queries with Relationship Managers (RMs) and other stakeholders, ensuring information is obtained efficiently without alienating the client or frontline teams.
• Meticulous attention to detail to ensure all documentation and verification steps are accurately recorded in the bank’s systems (e.g., CRM or due diligence platform) to maintain a complete audit trail.

About HL Bank Singapore

HL Bank Singapore is the Singapore branch of Hong Leong Bank, a regional financial services leader headquartered in Malaysia with a heritage of over 120 years. Listed on Bursa Malaysia and a key member of the Hong Leong Group, the bank operates a network of approximately 250 branches across Malaysia, with a strategic regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

As a Full Bank in Singapore, HL Bank Singapore serves as a hub for the Group’s regional ambitions, including an “advisory-first” wealth proposition through HLB Private Bank and HLB Priority, supported by a strategic alliance with Swiss private bank Lombard Odier.

Beyond wealth, HL Bank Singapore delivers excellence through four core business pillars: Business & Corporate Banking, Personal Financial Services, Private Wealth Management, and Global Markets, enabling an integrated approach across segments.

HL Bank Singapore emphasizes people and professional development, recognized as a Human Capital Partner (HCP) by TAFEP, with a commitment to progressive workplace practices. The bank seeks digitally inclined, customer-centric performers and uses AI-enhanced tools and next-generation platforms to support teams across a rapidly expanding regional landscape.