Kuan Siong Teng, CAMS
Chief Compliance Officer & Data Protection Officer (Singapore Branch) at Mega ICBC- Claim this Profile
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Bio
Credentials
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Ethical Issues in Risk Management and Internal Controls
Institute of Singapore Chartered Accountants (ISCA)Sep, 2021- Nov, 2024 -
Data Analysis Fundamentals Using Microsoft Excel
NTUC LearningHubFeb, 2021- Nov, 2024 -
ACAMS WWF Ending Illegal Wildlife Trade
ACAMSJan, 2021- Nov, 2024 -
Introduction to Project Management
International Institute for LearningJan, 2021- Nov, 2024 -
Better U Programme (Foundation Level)
United Overseas Bank Limited (UOB)Aug, 2020- Nov, 2024 -
Develop Conflict Management and Resolution Skills (Learning Path)
LinkedInJul, 2020- Nov, 2024 -
Become a Manager (Learning Path)
LinkedInJun, 2020- Nov, 2024 -
Develop Critical-Thinking, Decision-Making, and Problem-Solving Skills (Learning Path)
LinkedInJun, 2020- Nov, 2024 -
Fighting Modern Slavery and Human Trafficking
ACAMSJun, 2020- Nov, 2024 -
Improve Your Problem-Solving Skills (Learning Path)
LinkedInJun, 2020- Nov, 2024 -
Introduction to Data Science
GnowbeJun, 2020- Nov, 2024 -
Manage Change and Develop Your Adaptability Skills (Learning Path)
LinkedInJun, 2020- Nov, 2024 -
WMI AML Risk Management Program - AML/CFT Essentials (IBF Level 2/3)
Wealth Management InstituteNov, 2018- Nov, 2024 -
Certified Anti-Money Laundering Specialist (CAMS)
ACAMSDec, 2017- Nov, 2024
Experience
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Mega ICBC
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Banking
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1 - 100 Employee
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Chief Compliance Officer & Data Protection Officer (Singapore Branch)
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Aug 2021 - Present
•Managing both Regulatory and AML Compliance function (Total Team Size of 5) and related responsibilities. •Liaising with MAS and other Singapore regulatory bodies, External Auditor and Internal Auditor on both Regulatory and AML Compliance related matters. •Performing the role of Data Protection Officer. •Providing required support in terms of advisory, guidance and training to all staff in Singapore Branch on both Regulatory and AML Compliance related matters. •Appointment as Deputy Chairperson of the Singapore Branch's Compliance Committee. •Appointment as Member of the Singapore Branch's Management Committee. •Appointment as Member of the Singapore Branch's Risk Management Committee. •Appointment as Member of the Singapore Branch's Credit Committee.
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Tookitaki
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Singapore
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Software Development
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1 - 100 Employee
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Anti-Money Laundering Specialist
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Jun 2021 - Aug 2021
•Configuring AML rules and red flag scenarios. •Creating, validating, auditing, and managing AML frameworks for Financial Institutions. •Utilising domain knowledge in AML and incorporating Artificial Intelligence (AI) learning to develop Tookitaki Typology Repository Management (TRM) federated AML knowledge base platform. •Providing other AML expertise support required. •Configuring AML rules and red flag scenarios. •Creating, validating, auditing, and managing AML frameworks for Financial Institutions. •Utilising domain knowledge in AML and incorporating Artificial Intelligence (AI) learning to develop Tookitaki Typology Repository Management (TRM) federated AML knowledge base platform. •Providing other AML expertise support required.
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UOB
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Singapore
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Banking
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700 & Above Employee
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AML Partner - Private Banking Business (AVP)
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May 2019 - May 2021
•Clearing of system generated name screening alerts.•Conducting AML preliminary checks for transfer of clients to other banking segments.•Investigating suspected money laundering activities or cases of adversity triggered within the Bank.•Identifying potential risks relating to the account strategy to be taken.•Recommending enhanced monitoring measures to be implemented to mitigate the potential risks.•Providing guidance in the assessment of suspicious activity for escalation of AML/CFT/Sanctions related issues to Group Compliance.•Ensuring proper maintenance of records and databases for reporting purposes to the management, auditors or relevant authorities.•Managing and following up with various compliance reporting, audits and inspections.
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AML Partner - Commercial Banking Business (AVP)
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Jul 2016 - Apr 2019
•Investigating suspected money laundering activities or cases of adversity triggered within the Bank.•Identifying potential risks relating to the account strategy to be taken.•Recommending enhanced monitoring measures to be implemented to mitigate the potential risks.•Providing guidance in the assessment of suspicious activity for escalation of AML/CFT/Sanctions related issues to Group Compliance.•Ensuring proper maintenance of records and databases for reporting purposes to the management, auditors or relevant authorities.•Managing and following up with various compliance reporting, audits and inspections.
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Natixis Corporate & Investment Banking
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France
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Financial Services
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700 & Above Employee
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Regional KYC Team Leader (Assistant Vice President)
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Jul 2014 - Jul 2016
•Setting up the KYC Team and vetting process of Financial Institutions and Corporates. •Liaising with Business Lines, Client Service, Compliance and RAC in Natixis Head Office and Asia-Pacific branches (Singapore, Hong Kong, China and Australia) on KYC vetting and related issues. •Handling the KYC vetting (new KYC on-boarding and KYC reviews) with the exception of High Risk new KYC on-boarding (approval to remain under the Compliance). •Managing and guiding a team of 2 permanent and 2 contract staff.
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Sumitomo Mitsui Banking Corporation
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United States
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Financial Services
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700 & Above Employee
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Compliance Officer - Legal & Compliance Group (Assistant Manager)
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Jun 2013 - Jul 2014
•Performing daily name checks for hits on terrorist, sanctioned and internal prohibited lists and transactions flagged as suspicious on screening/ transaction monitoring systems. •Conducting AML and KYC reviews of all risk ranking. •Conducting annual and ad hoc transaction threshold review on transaction monitoring systems. •Completion of a daily average of 2 KYC checks and 5 transaction monitoring alert closures. •Advising on AML compliance/ KYC CDD requirements (excluding legal advice). •Assisting on maintenance of records and databases for reporting purposes to the management, auditors or relevant authorities. •Assisting on drafting of letter on official requests and production orders from authorities.
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UOB
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Singapore
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Banking
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700 & Above Employee
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AML Partner - Commercial Banking Business (Manager)
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Jun 2009 - May 2013
•Reviewing and ensuring that KYC completion are risk-ranked and fulfills Customer Due Diligence Requirements as per Group-Wide Policy/Sector Procedures. •Providing guidance to RMs on KYC completion, Customer Due Diligence Requirements and other AML related matters and provide assistance in escalation to Group Compliance as required. •Providing guidance in the assessment of suspicious activity for escalation of AML/CFT/Sanctions related issues to Group Compliance. •Ensuring proper maintenance of records and databases for reporting purposes to the management, auditors or relevant authorities. •Managing and following up with various compliance reporting, audits and inspections.
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Bank of America
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United States
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Banking
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700 & Above Employee
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KYC Officer (Contract Role)
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Nov 2008 - Feb 2009
•Assisting Operations in the research of client and business information of new accounts. •Ensuring the completeness and accuracy of regulatory documents of active accounts scanned into a Global Repository system. •Conduct other activities related to the Regional AML KYC Phase 2 project. •Assisting Operations in the research of client and business information of new accounts. •Ensuring the completeness and accuracy of regulatory documents of active accounts scanned into a Global Repository system. •Conduct other activities related to the Regional AML KYC Phase 2 project.
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Education
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University of London
BSc Banking & Finance (Honours), Banking and Finance -
Marketing Institute of Singapore
Diploma in Business -
Jurong Junior College
A Levels -
Jurong Secondary School
O Levels
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