Senior Officer, PBG Due Diligence Oversight

About the Role
We are seeking an ambitious individual with a passion for the banking and finance industry to join our team. The main purpose of this role is to analyze and assess high-risk customer profiles periodically and upon trigger events, including identification and assessment of Politically Exposed Persons (PEPs). The role requires you to ensure compliance with the company's internal policies and procedures, determine alignment with the company's risk appetite, and adhere to relevant regulations.

Principal Accountabilities

• Conduct an in-depth review as per the company's internal KYC / ODD Policy and Procedures of existing high-risk customer profiles referred by the Business to Compliance for periodic (annually) and trigger-based ongoing due diligence.
• Ensure completion of ongoing due diligence with accurate KYC data and information, noting any changes in risk rating through KYC refresh.
• Collaborate with the Business to obtain any missing or additional KYC information or documentation required to complete the high-risk customer due diligence per the company's internal procedures.
• Review and escalate any flags or concerns regarding financial crime risk, including suggesting relationship exit if necessary, and coordinate with the Team Lead for action.
• Work in conjunction with the sanction screening team for effective identification of newly recognized PEPs through periodic screenings.
• Liaise with the respective business units to procure Business PEP assessments and senior management approvals, ensuring Compliance PEP assessments are completed before submission for Compliance senior management approval.
• Ensure all identified true PEPs are accurately reflected in the system, and maintain an updated PEP register.
• Retain and store all necessary KYC information and documentation systematically using the company's systems for each business line.
• Document the review process to provide evidence of the analysis conducted, as well as the rationale behind sign-offs or rejections of customer profiles.
• Escalate any concerns to ensure thorough assessment of customer profiles is conducted in accordance with the company's policies and procedures.
• Follow the company's exception handling process to seek approvals when necessary information is temporarily or permanently unavailable during the ongoing due diligence process, especially in cases indicating heightened financial crime risk.

Communication and Working Relationships

• The jobholder is expected to interact regularly with all departments, branches, and functions of the company that may require advice, including Credit, Operations, and respective Business and Branches, throughout the ongoing due diligence (i.e., KYC refresh and PEP identification) and completion of PEP assessments.
• Accountability for providing accurate and timely information to the Manager on AML/TF risks identified during KYC refresh is essential, along with ensuring compliance with all relevant laws in every aspect of the company's activities.

Requirements

• Bachelor's Degree or higher from a recognized university.
• A minimum of 3 years of experience in the banking or financial services sector, preferably with exposure to due diligence in either a first-line or compliance (second line of defense) capacity.