Description

Business Function

DBS' Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client's needs. Coupled with partnerships within the DBS network and with global institutions, we strive to build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment and financial solutions.

As a Team Lead, Onboarding Specialist, you will play a crucial role in ensuring a seamless and compliant client onboarding process. You will lead a team to advise and support the Front Office on AML/KYC standards and regulatory requirements, conduct thorough reviews, and uphold the bank's commitment to robust compliance.

Responsibilities:

• Advise Front Office on onboarding requirements in accordance with Bank's AML/KYC standards and regulatory requirements, and partner with Front Office to meet these requirements.
• Review and corroborate Know Your Customer (KYC) information submitted by Relationship Managers (RM), performing independent reviews and risk-rating customers in accordance with regulatory requirements and Group AML/CFT policies and procedures.
• Follow up with Front Office (RM & Assistant Relationship Managers) and other stakeholders on KYC-related matters, particularly for escalated or prioritised cases.
• Assess and ensure the relevance and completeness of KYC information supplied by the Front Office, performing appropriate due diligence checks and information searches to comply with bank standards of client onboarding.
• Highlight deficiencies, suspicious AML activities, or other non-compliance issues to relevant parties and management.
• Prepare reports for management reporting to facilitate relevant reviews and strengthen control procedures and processes.
• Train the Front Office on client documentation and KYC-related subjects.
• Provide guidance in daily tasks and exception handling.
• Involve in projects for new processes or industry initiatives, and internal/external audits.
• Keep abreast of global AML/CFT developments that impact due diligence on wealth clients and ensure compliance with all other controls and processes.

Job Requirements:

• University graduate in Business Administration or related disciplines.
• Minimum of 5 years of experience in a compliance, AML/KYC, or client onboarding role within the financial services industry.
• Strong understanding of AML/CFT regulatory requirements and industry best practices.
• Proven experience in reviewing and risk-rating customer KYC information.
• Excellent communication and interpersonal skills, with the ability to effectively advise and collaborate with Front Office teams and other stakeholders.
• Strong analytical and problem-solving abilities, with keen attention to detail.
• Ability to work independently and as part of a team, managing multiple priorities in a fast-paced environment.
• Prior experience in leading or mentoring a team is preferred.
• Proficiency in relevant banking systems and software.
• Professional certifications in AML/CFT (e.g., ACAMS) are highly advantageous.
• Language proficiency in both written and spoken English and Chinese.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

We regret only shortlisted candidates will be notified.

Location:
The Center

Job:
Operations

Schedule:
Regular

Employee Status:
Full time