DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth : Greater China, Southeast Asia and South Asia.
The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named Asia’s Best Bank by The Banker, a member of the Financial Times group, and Best Bank in Asia-
Pacific by Global Finance. The bank has also been named Safest Bank in Asia by Global Finance for seven consecutive years from 2009 to 2015.
Review & obtain respective approves for High Risk customer on-boarding & / or upon trigger event occurs
Responsible for the planning, leadership, innovative problem resolution, analysis, review and reporting for KYC AML Team
Responsible for the development of new methods and procedures to make alert and due diligence review processing more efficient;
implements recommendations for department policy changes and efficiencies
Understands, and update any changes on the internal policies, operating manuals / checklist and make necessary communication to branch TCSM
Mentors, and trains TCSM to develop a sound understanding of anti-money laundering principles and ensure the highest level of critical thinking, analysis, documentation, and operational efficiency
Ensures the timely and accurate periodic review / trigger event of high risk customers, and / or medium or low risk customers as per requirement defined in the internal policy
Ensures timely and accurate daily Actimize customer batch Screening alerts and negative news
Identifies and escalates potentially suspicious activity in accordance with internal procedures. Ensures all conclusions and rationale to support decisions are clearly and concisely documented
Bachelor's degree or equivalent work experience
5+ years of experience in KYC / client onboarding from commercial banking exposure is preferred, or relevant private banking / wealth management experience is an advantage
Sound knowledge in regulation and AML policies and procedures
Knowledge of financial industry with expertise in commercial / private banking client segment, and client types preferred.
Good command of written and spoken English is a must.
Detail-oriented with strong controls mindset and time management skills.
Candidates with less experiences shall be considered as AVP