DBS Bank

Regional bank offering digital banking

Vice President AML Compliance - COO Institutional Banking Group

Financial Crime & AMLUpdated on Nov 12

Full-timeHong KongNo salary listedIn-person

About the Job

Requirements

A university degree in Law, Banking, Finance, or a business-related field is required.
At least 8 years of relevant experience in the banking industry is required; AML, customer due diligence, or know-your-customer experience is preferred.
Sound knowledge of regulatory and statutory policies and industry best practices is required.
Professional qualifications such as ACAMS are advantageous.
Proficiency in data analytics and artificial intelligence applications is required.
A proven track record in frontline, risk, and governance roles is required.

Responsibilities

Answer enquiries from Institutional Banking Group colleagues as an AML Champion and assist frontline staff with anti-money laundering and counter-terrorist financing enquiries.
Provide country feedback on revisions to local and Group anti-money laundering and counter-terrorist financing customer due diligence standards and systems.
Update Institutional Banking Group anti-money laundering procedures and guidelines, and enhance the know-your-customer system concerning governance and controls.
Assist in formulating internal workflows and recommendations for improvement with relevant stakeholders concerning updated anti-money laundering and counter-terrorist financing policies or risk controls.
Review, analyze, and communicate anti-money laundering and counter-terrorist financing management information; report the results of risk management reviews and identify key areas for improvement.
Liaise with FCSS and Compliance on the know-your-customer process and anti-money laundering monitoring.
Monitor remediation actions for identified deficiencies in anti-money laundering, counter-terrorist financing, and risk controls.
Evaluate and communicate new laws and regulations, and stay current on anti-money laundering and counter-terrorist financing regulations, developments, and industry practices at local and international levels.
Measure and monitor key risk indicators and issues to continuously improve Institutional Banking Group control standards, and report analyses or insights into trends.
Prepare and facilitate risk and control self-assessments and ensure appropriate rectification and follow-up actions.

Desired Qualifications

Experience in anti-money laundering, customer due diligence, or know-your-customer matters is preferred.

Responsibilities
Reporting to the Team Lead of AML Compliance under AML Compliance and Assurance, Risk & Control Team, COO Office of Institutional Banking Group, to ensure Corporate Banking (IBG) staff are in full compliance with internal AML risk and compliance policies / standards, external regulations and industry’s best practices.

As an AML Champion, answering enquiries from IBG colleagues, or assisting frontline on AML/CFT related enquiries
Providing country feedbacks to the revisions to local and Group AML/CFT CDD standards and AML/CFT systems
Updating the AML procedures and guidelines within IBG, enhancement of KYC System concerning governance & controls matters
Assisting in formulating internal workflow and recommendations for improvement with the relevant stakeholders related to AML/CFT updated policies and/or risk controls
Reviewing, analyzing and communicating AML/CFT management information, and Reporting results of AML/CFT risk management reviews and identifying key areas of improvement
Liaising with FCSS and Compliance with KYC process and AML monitoring
Monitoring remedial actions for the identified deficiency in AML/CFT and risk controls that require remediation actions
Evaluating and communicating new laws and regulations and staying abreast of the AML/CFT regulations, development, and industry practice, at both local and international levels
Measuring and monitoring key risk indicators and issues to continuously improve AML control standards of IBG, and to report analysis and/or insight into the trend
Preparing and facilitating risk & control self-assessment (“RCSA”) and ensuring there are appropriate rectifications and follow up actions

Requirements

University degree in Law, Banking, Finance or business related
Minimum 8 years’ relevant experience in banking industry, preferably AML/CDD/KYC related experience
Sound knowledge of regulatory / statutory policies and industry best practices. Professional qualification (e.g. ACAMS) is an advantage
Excellent analytical and problem-solving skills
Excellent organizational and time management skills
Strong communication and interpersonal skills
Proven track record in frontline and risk and governance roles
Proficiency in the use of data analytics and AI application

Location:

One Island East

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time

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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