Head of Middle Office recruitment
Summary of the Job
- Responsible for assisting the relationship managers (RMs) fulfil their obligations pursuant to Singapore Branch’s “Know Your Customer” program. To do this, the Head of Middle Office will assist in defining and then implementing a process through which the RMs will:
- Create KYC files, in accordance with company’s Singapore’s policies and procedures, for all new customers of the Singapore Branch.
- Review existing KYC customer files on periodic basis and update them, as necessary
- The Head of Middle Office will supervise team members who will have direct responsibility for file review. All KYC files will undergo a quality control check by an independent unit within the Singapore Branch. Preparing files that pass this quality check within time frames established by the Singapore Branch is the primary measure of success for the Middle Office. In addition to assisting the RMs to prepare and review KYC files, the Head of Middle Office will serve as the representative of the RMs for all matters related to the KYC program. The Head of Middle Office will be expected to offer substantive input into all relevant KYC process.
Accountabilities
Reporting to: General Manager / Head of Corporate Institutional Banking., Singapore
Corporate Institutional Banking (CIB) is one of 4 Singapore Branch business divisions. The Middle Office is responsible for servicing all 4 of these business units in the area of KYC and the heads of all the business units will offer substantive input into the evaluation of the Head of the Middle Office.
Functional Manager (if any): None
- In?depth knowledge of the banking secrecy requirements and Anti?Money Laundering requirements that apply to Banks operating in Singapore and preferably, overseas branches of European banks
- Responsibility for ensuring KYC files are prepared or reviewed in a front?office, corporate banking environment
- Experience with process management, relates to implementing new AML / CFT processes and coordinating AML / CFT workflows involving various stakeholders from different departments around the bank
- Develop customer due diligence procedures for the middle office
- Experience in managing a team of professionals
- Provide management and management committees with updates regarding KYC file, periodic review and other AML?related performance metrics
- To monitor the branch’s results, profitability, performance and risk management
- Comply with company’s policies and procedures
- Actively participate in and provide support to the Singapore Branch’s banking secrecy and
- AML / CFT compliance program.
- Agree to abide by all requirements of banking secrecy and any other Singapore related regulations designed to protect the Singapore financial system from money laundering, terrorist financing and other illicit financial transactions
Other Qualification
- Degree (BSc) or Equivalent
- MS Office (Professional)
- English spoken (Superior)
- English written (Superior)
If interested, please send in detailed resume to Leoanderson_Woon@kellyservices.com.sg
May 9, 2012
• Tags: Commercial Banking careers in the Singapore, Head of Middle Office recruitment • Posted in: Financial