Compliance Officer, Account Opening & Periodic Review Team Member (Wealth Management)

April 1, 2024

Compliance Officer, Account Opening & Periodic Review Team Member (Wealth Management)


  • Standard / Permanent
  • SG-06-Singapore
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Position Purpose

  • Work as a team within the KYC Compliance unit to:
  • Ensure timely review of new accounts
  • Ensure minimal past due recertification accounts at any point in time.
  • Provide BAU advisory to Business on KYC and Financial Security matters.
  • Collaborate with the larger compliance community, e.g. APAC Financial Security AML Advisory team.
  • To perform gap analysis of local regulatory consultation papers, new EU regulations and/or synchronization/ alignment of local/regional policies vis-à-vis Group/WMHO.
  • To assist in the monitoring of highly sensitive clients and handle Financial Security incidents.  
  • Perform Financial Security related local controls 
  • To engage with and advise on issues and matters relating to AML/CFT from both the KYC and investment suitability perspectives such as VC assessment and client’s investment risk profiling. 
  • To assist Head of Compliance/Head of KYC/FS to handle internal and external audits.
  • Participate in APAC WM KYC initiatives


Direct Responsibilities

  • Reviewing client profiles during account opening and recertification phase to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating.
  • Provide advisory support to the business with regard to resolving newly identified adverse media, link to sanction countries related issues, identifying potential Politically Exposed Persons etc.
  • Assisting with the preparation, presentation of existing client relationship to a local risk committee with the objective of obtaining business & compliance management approval to start/maintain the relationship with the client. 
  • Review client transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.
  • Perform risk assessment and make decisions with regards to unblocking of accounts
  • Conducting investigations and filing suspicious transaction reports (STRs) as appropriate.
  • Provide feedback to changes to internal KYC procedures.
  • Keeping abreast of changes in the domestic regulatory requirements (MAS) and be aware of the different obligations from other jurisdictions such as HKMA and HO. If required, to conduct gap analysis.
  • Provide training on internal new or revised policies and procedures and external new regulations to relevant stakeholders such as Front Office and/or Client Management teams.
  • Ensure the timeliness and accuracy of status reporting on new a/c onboarding and recertification tracking, including escalations.
  • Perform any other ad-hoc duties assigned by supervisor.

Contributing Responsibilities

  • Provide support to local FS/KYC team from time to time and on projects pursuant to management requests or necessitated by events such as local & global internal audits and periodic inspections by the regulatory authorities.
  • There will be opportunities to participate in a range of developmental projects, mainly focusing on procedural development and transformation/industrialization initiatives.

Technical & Behavioral Competencies

  • Positive working attitude and analytical skills and essential for this position.
  • Ability to learn and adapt quickly.
  • Good written and verbal communication skills.
  • Good relationship management skills.

Specific Qualifications 

  • Candidate with min of 3 years of relevant working experiences, preferably in Wealth Management or Private Banking focusing on KYC/AML reviews as well as transaction monitoring.
  • Degree qualified
  • MS Office Skills
  • Interpersonal skill to work as team player
  • Able to work independently with minimal supervision
  • Able to work with different stakeholders to investigate alerts/exceptions and recommend improvements
  • Organized and meticulous. 


As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance. 

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

•    BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
•    BNP Paribas MixCity which fosters better representation of women at all levels of the organization
•    Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
•    BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

More information 
BNP Paribas – Diversity & Inclusion Journey 
BNP Paribas – The Bank Of Green Changes

Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

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