DBS Bank

Regional bank offering digital banking

Associate to SVP - Multiple Teams

Financial Crime & AMLUpdated on Nov 12

Full-timeHong KongNo salary listed

About the Job

Requirements

A university degree in Business Administration or a related discipline is required.
At least 7 years of relevant banking experience, with relevant knowledge of anti-money laundering, know your customer, and customer due diligence, is required.
Knowledge of Hong Kong Monetary Authority, Securities and Futures Commission, and Monetary Authority of Singapore anti-money-laundering requirements is required.
Strong project management, problem-solving, and interpersonal skills are required.
Experience in people management, resource planning, and culture change management is required.
Proficiency in written and spoken English and Chinese is required.
Proficiency in management information reporting and data analysis tools, such as advanced Excel, Power BI, or Tableau, is required.
The candidate must be detail-oriented and well-organized and able to work under pressure and tight deadlines.

Responsibilities

Plan, lead, analyze, review, and report on the team’s work, including innovative problem resolution.
Develop methods and procedures to improve the efficiency of alert and due diligence review processing, and implement recommendations for department policy changes and efficiencies.
Understand and update internal procedures and processes.
Coach and train know-your-customer and anti-money-laundering staff and relationship managers to build their understanding of requirements and workflows and ensure high standards of critical thinking, analysis, documentation, and operational efficiency.
Support the anti-money-laundering champion for Private Banking in resolving onboarding and periodic review issues and customer due diligence documentation matters between Financial Crime Surveillance Services, Front Office, and Operations teams.
Perform and review know-your-customer due diligence checks for new account openings and existing client structure changes and periodic reviews.
Review client profiles and validate each customer’s source of funds and wealth with appropriate corroboration.
Conduct risk assessments and determine risk ratings based on current Anti-Money Laundering Ordinance, Hong Kong Monetary Authority, Monetary Authority of Singapore, and internal requirements and procedures.
Review name-screening results, provide justification, and determine whether further escalation is necessary.
Conduct data analysis and prepare presentation decks and management information reports.
Understand and update changes to internal policies, operating manuals, and checklists, and communicate necessary changes to Front Office.
Participate in system-enhancement user acceptance testing and assigned projects, and complete other assigned tasks.
Drive continuous improvement in the team’s output, quality, and efficiency.

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.

With strong business growth, we are expanding and seeking experienced KYC reviewers to join DBS Private Banking. Asa KYC Specialist, you will be responsible to provides guidance to Front Office during the KYC process for Private Banking and Treasures Private Client, and ensuring high KYC standard for the bank.

Responsibilities

- Responsible for the planning, leadership, innovative problem resolution, analysis, review and reporting of the team.

- Responsible for the development of new methods and procedures to make alert and due diligence review processing more efficient; implement recommendations for department policy changes and efficiencies.

- Understand and update any changes on the internal procedures and processes.

- Coach, and trains KYC AML staffs and RMs to develops a sound understand of KYC requirements, workflow and ensure the highest level of critical thinking, analysis, documentation and operational efficiency.

- Support AML champion for PB to resolve issues arise from on-onboarding/periodic review and for CDD documentation between FCSS, Front office and operations teams.

- Perform & review KYC due diligence check on new account opening, and existing client structure changes/periodic reviews

- Review the client profile and validate the source of fund/wealth of each customer with proper corroboration

- Conduct risk assessment, determine risk rating based on the latest AMLO/HKMA/MAS requirements and internal procedures

- Review name screening results with proper justification and decide whether further escalation is necessary

- Conduct data analysis, prepare presentation deck, and MIS reports

- Understand, and update any changes on the internal policies, operating manuals/checklist and make necessary communication to front office

- Ad-hoc tasks as assigned; Participate in any system enhancement UAT, and projects assigned

- Effect change for continuous improvement in the team’s output in terms of quality and efficiency

Requirements

- University graduate in Business Administration or related disciplines

- At least 7 years or above relevant experiences in Banking with relevant knowledge on AML KYC/CDD

- Understanding of HKMA/SFC/MAS requirements on AML is a must.

- Strong in project management, problem solving skills and interpersonal skills

- Experience in people management, resources planning and culture change management

- Language proficiency in both written and spoken English and Chinese

- Details orientated and well organized

- Able to work under pressure and tight deadlines

- Proficient in MI reporting and data analysis tools, such as Advanced Excel, Power BI / Tableau

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:

One Island East

Job:

Compliance

Schedule:

Regular

Employee Status:

About the Company

DBS Bank

Regional bank offering digital banking

DBS Bank provides banking and financial services in Singapore and Southeast Asia, including personal and business banking, loans, deposits, wealth management, and payments. It serves customers through a network of branches and a digital platform that lets people open accounts, transfer funds, borrow, and invest via online and mobile apps. The bank differentiates itself with government-backed origins, rapid regional growth, a strong emphasis on digital banking, and a broad mix of consumer, corporate, and wealth services. Its goal is to be a leading, trusted financial services provider in Asia, supporting customers and economies with reliable banking and sustainable growth.

Company size: 10,001+
Company stage: IPO
Headquarters: Singapore, Singapore
Founded: 1968

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