Periodic Review Compliance Officer at BANK JULIUS BAER CO LTD

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

20 Mar, 26

Salary

0.0

Posted On

20 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

KYC On-Boarding, Periodic Review, AML, Private Banking, Wealth Management, Analytical Skills, Organizational Skills, Team Player, Stakeholder Management, Client Management, Risk Assessment, Due Diligence, Regulatory Compliance, Communication Skills, Attention to Detail, Project Management

Industry

Banking

Description

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 KEY FEATURES OF THE POSITION 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 Participate in projects, process improvement and discussions relating to KYC/CDD. Supervisory Responsibilities Not applicable 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 SKILLS REQUIREMENTS OF THE POSITION 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 3-5 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. Is this not quite what you are looking for? Set up a job alert by creating a candidate account here. The international reference in wealth management Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations. Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Why join Julius Baer? At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes. For more information visit www.juliusbaer.com or contact us via the Contact Form. For recruiting agents, please see the additional information here.

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Responsibilities

The Periodic Review Compliance Officer will oversee the review and approval of high-risk client relationships and ensure compliance with regulatory standards. This role involves collaboration with various teams to manage operational, regulatory, and reputational risks effectively.