KYC Team Leader, Singapore

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Posted Apr 8, 2024 - Requisition No. 124357

Bloomberg’s Legal and Compliance Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex legal issues that come with being the world’s leading financial news and information company. Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact. We also recognize the value and importance of giving back to our communities, as evidenced by our award-winning pro bono program.

The Financial Crimes Compliance within Bloomberg’s Legal Department provides coverage of Bloomberg's regulated entities and products, as well as support for Bloomberg's non-regulated products and services. We work to address regulatory issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. Bloomberg has regulated activities that include regulated trading venues (e.g., U.K. Multilateral Trading Facility, U.S. Swap Execution Facility), a Recognised Market Operator in Singapore, Electronic Trading services, and other regulated offerings globally.

What's the role:

Based in Singapore, this is a great opportunity to lead a growing and dynamic Know Your Customer (“KYC”) Team, within the regional Anti-money Laundering (“AML”) function.

The role would involve close partnership with the Company’s Global Anti-Money Laundering (AML) team as well as with local Compliance teams, focused on Bloomberg Tradebook Singapore Pte Ltd among other regional entities. You will be responsible for the day-to-day management of a team of KYC Analysts and support the growth of the KYC team and function as it expands to meet and support business requirements of the regulated entities within the Bloomberg group. The KYC team is primarily responsible for new client onboarding and ongoing maintenance/review of existing clients. Besides overseeing the functional management of the team and providing ongoing support to the business and AML Compliance you will also interface with other operational and front office business functions and partners.

The individual should have a deep understanding of the front-to-back Customer Due Diligence (“CDD”) process and be well versed with legal entity types. An ideal candidate would also demonstrate strong competent knowledge of Singapore AML/CFT regulatory requirements from the Monetary Authority of Singapore (“MAS”) and relevant financial industry know-how concerning CDD standards.

We'll trust you to:

  • Lead the KYC team in APAC, including coverage, oversight and support for our organised market (BTBS), operated by Tradebook Singapore Pte Ltd
  • Act as a subject matter expert and as a point of escalation for regional KYC and operational issues
  • Act as a business partner and subject matter expert for KYC onboarding concerns raised and provide quality assurance oversight
  • Develop and conduct training for team members as and when necessary as well as assist in the creation and delivery of KYC/AML training to key business areas
  • Perform various other team management responsibilities and functions
  • Have a strong working knowledge of KYC/AML requirements for onboarding clients, including but not limited to the local regulations in Singapore, Hong Kong, Australia, India and Malaysia
  • Run the day-to-day client reviews pipeline and workflow
  • Prepare and distribute Management Information reports to the relevant Compliance groups and various business partners
  • Support the establishment of best practice across broad Bloomberg Compliance Function
  • Provide improvement plans in how to streamline the end-to-end client review process
  • Serve as a point of contact for the business with regard to the KYC process and client status queries
  • Advise and assist with client queries
  • Provide advice and support to the relevant product Compliance of the Bloomberg group on complex KYC/AML issues and challenges
  • Represent the KYC/AML function on key strategic projects and initiatives as needed
  • Identify and assess key risk factors when considering the ML/TF risk relevant to clients, products or business lines and escalate where needed
  • Monitor ongoing legal and/or regulatory changes and assess impacts

You'll need to have:

  • Bachelor’s degree or degree-equivalent qualifications
  • Minimum 7 years of relevant industry experience in the AML/KYC area and at least 3 years of previous experience leading a team of KYC Analysts
  • Subject matter expertise within the KYC/CDD area
  • Experience in dealing with various legal entity types and liaising with clients for KYC requirements for Singapore and other regions
  • A desire to work in a dynamic, open-plan environment, where self-motivation and cooperation are both key
  • Strong relationship building skills and ability to engage with senior stakeholders across the Company
  • Fluency in both written and spoken English
  • Demonstrated continuous career growth within an organisation

We'd love to see:

  • Knowledge and practical implementation of the CDD/KYC requirements set out under the MAS AML/CFT regulations
  • Previous experience in working closely with AML Compliance function
  • In-House Financial Services experience
  • Involvement implementing KYC technology based solutions

If this sounds like you:

Apply if you think we're a good match. We'll get in touch to let you know what the next steps are, but in the meantime feel free to have a look at this:

Why Bloomberg?

We’re individuals with diverse backgrounds, talents, and experiences who take on big challenges and create even bigger impact through our work. We’re interested in what makes you you, and how we can create opportunities for you to channel your unique, personal energy and grow to your fullest potential.

Learn more about our office and benefits:

Singapore |

Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or maternity/parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.
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