Description

Business Function

Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Reporting to the SVP, AML Compliance, Assurance, Risk & Control under Institutional Banking Group (IBG) COO, the job holder is responsible for leading a team to ensure IBG staff fully comply with internal AML risk and compliance policies/standards, external regulations, and industry best practices.

Responsibilities

• Liaising with FCSS and Compliance of LCS on KYC process and AML monitoring
• Reviewing, analyzing and communicating AML/CFT/Sanctions management information
• Reporting results of AML/CFT/Sanctions risk management reviews and identifying key areas of improvements
• Monitoring remedial actions for the identified deficiency in AML and risk controls that require remediation actions
• Evaluating and communicating new laws and regulations and staying abreast of the AML/CFT/Sanctions regulations, development, and industry practice, at both local and international levels
• Coordinating to respond to other departments, external regulator or LEA regarding AML/Sanction related projects, investigation and matters
• Providing country feedbacks to the revisions to local and Group AML/CFT/Sanctions CDD standards and AML/CFT/Sanctions systems
• Rendering advice on AML/CFT/Sanctions matters to new banking product and service assessment
• Assisting in formulating internal workflow and recommendations for improvement with the relevant stakeholders related to compliance, AML, or risk controls
• Collaborating in Quality Assurance for CDD review and periodically reviewing the AML/CFT/Sanctions compliance risk governance framework and the related controls
• Preparing and facilitating risk & control self-assessment ("RCSA") and ensuring there are appropriate rectifications and follow up actions
• Monitoring the timeline completion of CDD periodic and trigger reviews.
• Measuring and monitoring key risk indicators and issues to continuously improve AML control standards of IBG, and to report analysis and/or insight on the trend
• As an AML Champion, answering enquiries from IBG colleagues, assisting frontline on AML/CFT/Sanctions related enquiry
• Updating the AML procedures and guidelines within IBG, enhancement of KYC System concerning governance & controls matters.

Requirements

• University degree with 8 years of CDD/KYC/Investigation related experience
• Proven track record in frontline, risk and governance roles
• Organizational and time management skills: able to multitask and complete projects on time in a fast-paced environment.
• Sound knowledge of regulatory frameworks related to AML, sanctions, and anti-Corruption in the financial industry.
• Exceptional business writing, analytical, and communication skills
• Fluency in English and Chinese, excellent analytical skills
• Strong communication and teamwork abilities
• CAMS, CFE or other relevant professional qualifications

Location:
One Island East

Job:
Compliance

Schedule:
Regular

Employee Status:
Full time