Toa Payoh - VP / AVP, KYC Specialist, Private Banking, Consumer Banking Group

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/:

• Independently review and validate screening hits from public and internal databases
• Identify and assess resulting ML/TF risks with respect to regulatory requirement as well as Group AML/CFT policy and procedures.
• Follow up with Front Office, FCSS Advisory and other stakeholders on screening hits with appropriate escalation.
• 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.
• Handle Internal/External audit, compliance testing and other supervisory visits as appropriate.
• Involve in projects for new processes or industry initiatives
• 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 Degree with at least 10 years of working experience in KYC/AML areas, risk or controls functions, preferably in Private Banking.
• Familiar with regulatory requirements pertaining to KYC/AML, e.g., MAS 626.
• Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti Money Laundering 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 recognises your achievements.