CDD Analyst – Wealth Management (1-Year Contract)

Role overview

This position sits within the CDD Business Advisory and Support (CBAS) unit, which acts as a 1.5 line of defense and connects the business teams (1st line) with control and support functions (2nd line). The role supports the Corporate & Institutional Banking and Wealth Management businesses on client due diligence matters.

The main focus is periodic reviews for wealth management clients, particularly the evaluation, corroboration, and strengthening of Source of Wealth (SoW) information. The work calls for strong professional judgement when dealing with complex client profiles, spotting meaningful risk changes, and deciding whether enhanced review or additional corroboration is needed using a risk-based approach. Clear documentation and alignment with regulatory expectations, internal policies, and procedures are essential. Support for onboarding reviews may also be required when needed.

Core CDD support activities

• Prepare documents needed for client onboarding and recurring review exercises.
• Work with business, compliance, and operations partners to close any gaps identified during CDD reviews.
• Track client accounts, including onboarding conditions, adverse news, and document validity, and raise trigger reviews when required.
• Carry out in-house AML/CFT surveillance reviews together with business and compliance teams.
• Compile management information such as monthly CDD statistics reports and handle AML/CFT regulatory surveys.
• Contribute to process enhancement and digital transformation initiatives aimed at simplifying and automating name screening and review activities.

Key responsibilities

• Run end-to-end periodic reviews for wealth management customers, including SoW uplift work, and decide the appropriate scope, depth, and intensity based on risk.
• Review customer profiles, source of wealth, and account activity in line with the customer’s risk rating and complexity to confirm whether the risk profile remains suitable.
• Spot significant changes since the previous review and determine whether enhanced review, extra corroboration, or escalation is required.
• Support onboarding reviews when needed.
• Use sound judgement when evaluating complex profiles or situations where standard records are missing.
• Assess whether alternative corroboration is adequate when usual documents are not available.
• Record conclusions, assumptions, and the reasoning behind risk-based decisions clearly and in accordance with regulatory and internal requirements.
• Judge the credibility of source of wealth using risk-based analysis, including transaction history and known customer activity.
• Examine transaction patterns proportionately to risk to identify inconsistencies or unusual behaviour.
• Decide whether further clarification, enhanced review, extra corroboration, or escalation is needed.
• Partner closely with Front Office teams to address CDD gaps in a way that matches customer risk.
• Recommend appropriate risk mitigants where gaps remain, supported by written rationale.
• Present risk assessments, proposed mitigants, and final conclusions to Compliance and senior management for endorsement.
• Contribute to CDD dashboards, management reporting, and governance updates for senior oversight of periodic review outcomes.

Source of Wealth remediation

• Strengthen SoW corroboration and supporting documentation for periodic reviews in line with MAS AML/CFT Notices and the ACIP paper on Best Practices on Source of Wealth Due Diligence.
• Where traditional documentation is unavailable, use alternative sources such as reputable news archives, statutory filings, or professional references, and explain why they are sufficient.
• Use generative AI tools to help draft SoW narratives by bringing together information from public records, news sources, and transaction history, then review and refine the output to ensure accuracy, consistency, and coherence.

Requirements

This is a contract role that requires at least 5 years of relevant banking experience in private banking or wealth management KYC/CDD or client onboarding. Experience in audit, risk, or AML may also be considered.

Candidates should have a basic understanding of CDD, compliance, and AML practices in the private banking or wealth management environment, along with a solid grasp of MAS regulations and guidance on AML/CFT and the ACIP paper on source of wealth due diligence.

The role also calls for a detail-focused mindset, strong problem-solving ability, good time management, clear verbal and written communication, accountability, confidence, independence, teamwork, adaptability, and the ability to work well in a fast-changing environment.

Additional information

Salary will be aligned to relevant experience. For salary details, please refer to the job advertisement published in MyCareerFuture.

Singapore Citizens and Singapore Permanent Residents are requested to apply through the MyCareerFuture portal.

Emirates NBD encourages applicants to review the responsibilities and qualifications carefully and apply only for positions that match their skills and experience.