VP / AVP, KYC Specialist - Client Onboarding, Private Banking

Business Function:

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.

Job Purpose:

The KYC team reports to the COO Office and functions as the Compliance Expert for the Front Office.

Responsibilities:

• Advise Front Office on the onboarding requirement in accordance to Bank’s AML/KYC standards and regulatory requirement, and partner with Front Office to meet the requirement.
• Review and corroborate customer's source of wealth (SOW) information submitted by RM, perform an independent review and risk rate customer in accordance to regulatory requirement as well as Group AML/CFT policy and procedures.
• Follow up with Front Office (RM & ARM) and other stakeholders on customer CDD related matters and for escalated/prioritised cases.
• Assess and ensure the relevance and completeness of CDD information supplied by Front Office and perform appropriate due diligence checks and information searches to comply with bank standards of client onboarding.
• Highlight deficiencies, suspicious AML or other non-compliance issues to relevant parties and management.
• Prepare reports for management reporting to facilitate relevant reviews and strengthen the control procedures and process.
• Train the Front Office on client documentation and KYC related subjects.
• Coach the junior team members and provide guidance in 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.

Requirements:

• Bachelor’s degree with at least 8-12 years of working experience in KYC/AML areas, risk or controls functions, preferably in Private Banking.
• Familiar with regulatory requirements pertaining to KYC/AML in a Private Banking setting, e.g., MAS 626. customer SOW due diligence etc
• Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti MoneyLaundering would be an advantage.
• Ability to be client centric while balancing business needs and controls.
• Excellent interpersonal skills to manage relationships with Front Office stakeholders.
• An efficient solutions provider with strong analytical and creative problem-solving skills.

Apply Now

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

Location:

DBS Asia Central

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time