As an Assistant Manager, AML/KYC, you will play a crucial role in managing Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance activities. This includes overseeing client onboarding processes, reviewing source of funds, conducting Enhanced Due Diligence (EDD) for high-risk cases, and maintaining up-to-date client data. You will also monitor Key Risk Indicators (KRIs) and ensure adherence to regulatory expectations.

Assistant Manager, AML/KYC – Jobs in Singapore | IQ-EQ | Compliance & Risk

Position Overview

Position: Assistant Manager, AML/KYC
Location: 9 Raffles Place, Singapore, Singapore
Department: Compliance & Risk
Contract Type: Full-time
Company: IQ-EQ

Join IQ-EQ in Singapore as an Assistant Manager, AML/KYC. You’ll manage AML/KYC onboarding and lifecycle activities, ensuring compliance with regulatory requirements and internal policies. This full-time position in Compliance & Risk offers an excellent opportunity for experienced professionals to lead teams and contribute to client safety and regulatory excellence.

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Job Description

As the Assistant Manager, AML/KYC in Singapore, you will be responsible for managing the AML/KYC onboarding process and lifecycle management, ensuring full compliance with internal and regulatory guidelines. Your key tasks include:

• Primary Contact for AML/KYC Onboarding: Serve as the main point of contact for clients and internal teams, providing guidance on documentation requirements.
• Review and Verification: Conduct thorough source of funds and wealth verification, ensuring compliance with AML regulations.
• Enhanced Due Diligence: Perform enhanced due diligence on high-risk clients, including PEPs, adverse media, and sanctions checks.
• Monitoring and Reporting: Regularly monitor key risk indicators (KRIs) and report potential risks for management review.
• Compliance: Stay updated on regulatory changes, ensuring policies and procedures align with evolving AML/KYC requirements.
• Team Development: Provide training, support, and guidance to junior team members, contributing to the overall growth of the team.
• Regulatory and Quality Assurance: Participate in internal audits, inspections, and transformations to improve AML/KYC processes.

Key Responsibilities

• Lead AML/KYC Onboarding: Manage the onboarding and lifecycle process for clients in accordance with the Group FCC framework.
• Review Client Information: Perform detailed reviews for source of funds and wealth in line with AML regulations for individuals and entities.
• Enhanced Due Diligence: Handle high-risk cases with due diligence, ensuring that all potential risks are thoroughly mitigated.
• Client Database Management: Maintain up-to-date client information within relevant software systems.
• Regulatory Monitoring: Monitor and report on KRIs, ensuring early identification of potential risks.
• Support Internal Initiatives: Contribute to quality assurance and assist with audits and regulatory inspections.
• Collaborate and Train: Act as a subject matter expert and support the development of junior staff through training and mentorship.

Ideal Candidate Profile

• Experience: At least 5 years in a financial services AML role, with strong knowledge of Singapore and Hong Kong AML regulations.
• Skills: Strong communication skills, the ability to work under pressure, and a proactive approach to problem-solving.
• Qualifications: A bachelor’s degree in law, accounting, or equivalent, with professional certifications (e.g., ICA or ACAMS) preferred but not mandatory.

Skills & Qualifications

• Bachelor’s Degree: In law, accounting, or a related field.
• AML Expertise: Solid understanding of AML/KYC procedures and best practices, especially in Singapore and Hong Kong.
• Communication: Strong written and verbal communication skills in English.
• Experience: Minimum of 5 years’ experience in AML roles within financial services.
• Problem-Solving: Able to work under pressure and handle multiple competing priorities.
• Certifications: Professional AML certifications (ICA, ACAMS) are a plus.

Education & Experience

• Required: Bachelor’s degree in law, accounting, finance, or a related field.
• Preferred: Professional AML certifications (ICA, ACAMS).
• Experience: 5+ years in a similar AML/KYC role in the financial services sector, with a focus on compliance in Singapore and Hong Kong.

Life at IQ-EQ

IQ-EQ offers a diverse and inclusive work environment with opportunities for continuous learning and career growth. You’ll work alongside talented professionals in a dynamic, fast-paced setting, making a tangible impact on regulatory compliance and client service.

Next Steps

If you’re ready to take on an exciting challenge in AML/KYC compliance in Singapore, apply for the Assistant Manager, AML/KYC position today and join our growing team at IQ-EQ.

Acknowledgment & Diversity

IQ-EQ is committed to fostering a diverse and inclusive workplace. We encourage applicants from all backgrounds to apply and thrive in an environment that supports their career and personal development.

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