Associate to SVP, Specialist, Know Your Customer, Private Banking

DBS Bank; Hong Kong; On-site; HKD 800,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary

Benefits package

Professional development opportunities

Job summary

A leading banking institution in Hong Kong is seeking an experienced KYC Specialist to oversee KYC processes for Private Banking clients. This role requires a minimum of 7 years of experience in banking, strong knowledge of AML regulations, and exceptional project management skills. The ideal candidate will possess both English and Chinese language proficiency, with a keen eye for detail. The position provides a competitive salary and a dynamic work environment that fosters professional growth.

Qualifications

• Minimum 7 years of relevant experience in Banking with KYC knowledge.
• Strong understanding of AML regulations (HKMA/SFC/MAS).
• Proficient in both written and spoken English and Chinese.

Responsibilities

• Plan and lead KYC reviews and ensure standards are met.
• Develop methods to improve due diligence processing efficiency.
• Coach and train staff on KYC requirements.

Skills

Project management

Problem solving

Interpersonal skills

Detail-oriented

Organized

Education

University degree in Business Administration or related

Tools

Advanced Excel

Power BI

Tableau

Job description

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. As a KYC Specialist, you will be responsible for providing 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 train KYC AML staffs and RMs to develop a sound understanding 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 arising from 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 experience in Banking with relevant knowledge on AML KYC/CDD.
• Understanding of HKMA/SFC/MAS requirements on AML is a must.
• Strong skills in project management, problem solving and interpersonal skills.
• Experience in people management, resources planning and culture change management.
• Language proficiency in both written and spoken English and Chinese.
• Detail-oriented 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