RANDSTAD PTE. LIMITED is hiring for a Private Wealth Compliance Officer (1-Year) internship — a 12-month, on-site Finance Accounting role based in CROSS STREET, Singapore. It is an unpaid internship. It is open to university students, typically in Year 2–4. Applicants with experience in Wealth Management, Narrative, Due Diligence, Regulatory Compliance, and Private Wealth Management are a strong fit.
About this role
About the CompanyPremier financial organization focused on high-standard regulatory compliance and risk management. About the Job• Plausibility Verification: Critically evaluate the client’s Source of Wealth (SoW) narrative to ensure it is logical and consistent with their profile. • Independent Corroboration: Cross-reference client declarations against third-party evidence, such as public registries, audited financial statements, and tax records. • Risk Assessment: Focus on high-risk factors and material wealth components, ensuring all findings align with Enhanced Due Diligence (EDD) standards. • Stakeholder Collaboration: Partner with Relationship Managers (RMs) and Front Office teams to clarify deficiencies in documentation and refine wealth write-ups. • Audit Trail Management: Maintain meticulous records of the corroboration process, documenting the rationale for accepting or escalating specific wealth profiles. • Continuous Monitoring: Support the ongoing review of client profiles, identifying material changes that may trigger a reassessment of risk levels. Skills and Requirements• Regulatory Expertise: In-depth understanding of AML/CFT frameworks (e.g., MAS guidelines, FATF standards) and SoW/SoF corroboration requirements. • Analytical Mindset: Exceptional ability to synthesize complex financial data from multiple sources to detect inconsistencies or red flags. To apply online please use the 'apply' function.(EA: 94C3609/ R24124496)
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