Counterparty Due Diligence Analyst

  • Job category
    Professional Services
  • Job level
    Senior Executive
  • Contract type
  • Location
  • Salary
    S$5000 - S$7000

Job Description

Responsible for:

1. Completing periodic reviews of existing counterparties in line with policies and procedures;

2. Completing updates of existing counterparties in line with policies and procedures.

Need to:

1. Develop an understanding of the Trading & Supply compliance systems and controls including a working knowledge of the Financial Crime policy and procedures;

2. Review the risk profile of existing counterparties and their business activity and complete an updated risk assessment and recommendation on their suitability to continue business with The Trading Organisation;

3. Complete periodic reviews at different levels of due diligence depending on the risk profile- Simplified, basic, standard and enhanced. Risk assessments to include analysis of findings, identification of any red flags and mitigation;

4. Liaise with Counterparty Onboarding Focal Points to confirm the relationship is still required and obtain required company information/documentation;

5. Analyze substantial amounts of data including transactional data;

6. Verify evidence obtained and identify red flags and other areas of concern;

7. Prepare documentation to support discussion with Senior Manager on counterparties with significant financial crime risks and/or High-Risk PEP relationships;

8. Ensure compliance with policies and procedures for periodic reviews, including handling of customer data to comply with GDPR;

9. Review update requests for existing counterparties and assess the impact to the counterparty risk. Complete update requests in line with policies and procedures;

10. Articulate due diligence requirements and the onboarding process to stakeholders at all levels of the organisation;

11. Escalate issues that require further investigation;

12. Support due diligence analysts within the team and deputize for Counterparty Due Diligence Manger in Existing business;

13. Prioritize workload with shifting demands and priorities in a fast-paced commercial environment;

14. Work to tight deadlines and often under pressure;

15. Be an active and effective member of the Financial Crime team.


1. Bachelor degree with at least 2- 4 years of working experience in KYC/AML areas.

2. Experience in Tier 1 Financial Institutions (Wholesale, Commercial/Corporate, Investment Banking) and/or large Commodities or Trading Houses (Oil, Energy) would be highly valuable.

3. Certifications in AML such as Certified AML Specialist (CAMS), International Association Diploma in Anti Money Laundering or suitable equivalent would be advantageous.

4. Fluent in Arabic, Russian, French, Spanish, German, Dutch, Portuguese or Mandarin would be advantageous.

5. Strong understanding of high risk jurisdictions and the associated risks.

6. Strong understanding of the risks of dealing with Politically Exposed Persons.

7. Strong understanding of corporate structures and complex entity structures including SPVs, Trusts, Funds including identification of Ultimate Beneficial Owners.

8. Robust written and verbal communication skills.

9. Stakeholder engagement skills to manage relationships across different businesses and functions.

10. Exhibit resilience. Be able to meet tight deadlines often under pressure.

11. Self-starter who can work independently demonstrating personal drive and taking own initiative.

12. Demonstrated ability to collaborate and work effectively in a team.

13. Compliance is a foundation of the way in which The Trading Organisation does business and therefore integrity is one of the fundamental values that we are seeking as part of the Compliance team. Be able to demonstrate sound moral and ethical principles on which co-workers build relationships, trust, and effective interpersonal relationships. The successful candidate must be able to give clear examples of integrity as one of their core values.

Closing on 15 Dec 2021

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