KYC Analyst

About Us
Freight Investor Services (FIS) is a leading global brokerage of freight and commodities. We are the world’s largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. We were the first brokerage to trade in the cleared market on iron ore and later coking coal futures, we also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight. We are proud of our innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do we provide excellent brokerage services, but also data services via our App, FIS Live, other data services, as well as education to help those entering new markets.
We have expanded via our network of trading associates and branch offices to offer coverage of derivative and physical shipping markets in London, New York, Houston, Dubai, Mumbai, Athens, Copenhagen, Geneva, Singapore and Shanghai. Through our global network, FIS offers full brokerage services, trade execution and in-depth market intelligence and data for freight and commodities, as well as providing physical ship and cargo services. Our expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.
THE ROLE
We are expanding our team and have an exciting opportunity for a Junior KYC Analyst to join our Singapore based team working in our Compliance department and reporting into our Head of Compliance/MLRO. Candidates will demonstrate experience in an AML / Compliance role or in an Onboarding & Reviews role in a Financial Broker Services company.
Ke y Responsibilities:
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Manage and co-ordinate the on-boarding process seamlessly for the client from start to finish to ensure a smooth transition from onboarding client to active client;
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Communicate efficiently with the respective client and/or broker to gather all necessary information;
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Responsible for coordinating all KYC documentation request and adopting a right first time approach to avoid multiple queries;
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Responsible for ensuring all client documentation is handled and filed appropriately in line with our policies;
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Provide regular, timely progress updates to both the Head of Compliance and Brokers, in both written and verbal formats;
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Responsible for liaising with internal and external stakeholders to ensure timely resolution to issues that arise during the course of on-boarding;
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Perform AML/KYC due diligence client reviews on corporate clients with different legal structures and in various jurisdictions to ensure the firm’s AML & KYC requirements are met;
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Identify, review and disposition of all PEP’s, Sanctions and Adverse media at onboarding stage assessing the risks posed to the firm;
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Classify clients from a risk and regulatory perspective;
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Investigate and escalate all suspicious activity and financial crime (AML & Fraud) related issues with relevant proposals to protect the business;
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Conduct periodic reviews and refresh KYC documents of existing client in accordance with their risk banding;
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Effectively manage KYC inbox; ensuring all emails are responded to;
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Ensure that all queries are answered promptly and in full;
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Ensure that all processes are followed, and trackers are updated accurately;
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Maintain PEP, Sanctions and adverse media list;
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Assist in structuring and implementing the Firm’s Continuous Professional Development Program;
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Monitor any material changes that may impact the risk status of client files.
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Perform any other reasonable duties the company may require.
Risk Related Responsibilities
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Support a risk and compliance aware culture and comply with FIS company policies
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Ensure full awareness of and adhere to internal policies that relate to the role or any relevant other activities
Training
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Complete any mandatory training required by the company and required deadlines
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Maintain own Continued Professional Development (CPD)
Requirements
Ke y Competencies / Skills:
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Demonstrate knowledge of Compliance laws, rules, regulations, risks and typologies with emphasis on Money Laundering & MAS regulations
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Possess good knowledge of onboarding process from start to finish, such as KYC/client risk rating, suspicious activity reporting, client screening/sanctions requirements, and risk assessment
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Knowledge of high risk indicators and revision of complex structures and entity types including Trusts, Funds overseas jurisdictions (BVI, Channel Islands, Cayman Islands etc)
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Possess some knowledge of regulatory requirements in other jurisdictions i.e. UK, Europe, US
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Team Player - collaborative but also able to work independently with minimal supervision
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Strong written and verbal communications skills
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Ability to prioritise, meet deadlines and multitask in a fast-paced environment
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Strong work ethics, striving for the success of a small team
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Excellent attention to detail combined with inherent ability to prioritise work
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Excellent interpersonal skills, working well with others and diverse groups / personalities
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Adaptable to change and willing to work in a fast-paced environment with a positive approach.