SA/AVP, Onboarding Specialist, Private Banking

DBS Bank Ltd; Hong Kong; On-site; HKD 450,000 - 600,000; Full time

Job summary

DBS Bank Ltd in Hong Kong seeks a KYC Specialist to provide expert advice on onboarding and KYC matters, working closely with Front Office and Compliance. The role entails independent KYC reviews, risk rating, and ensuring adherence to AML/CFT standards in daily client onboarding processes.

The ideal candidate will have a Bachelor’s degree with 5+ years of KYC/AML experience, familiarity with MAS 626, and AML certifications such as CAMS. Fluency in English, Cantonese, and Mandarin is preferred.

Qualifications

• Bachelor’s degree with at least 5 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 CAMS or related certificates are advantageous.

Responsibilities

• Advise Front Office on onboarding requirements per AML/KYC standards and collaborate to meet them.
• Review KYC information submitted by RM, perform independent risk rating per policy.
• Coordinate with Front Office and stakeholders on KYC matters and escalated cases.
• Assess KYC information for completeness and perform due diligence checks.
• Highlight deficiencies or non-compliance issues to management.
• Train Front Office on KYC-related subjects; coach junior team members.
• Participate in projects for new processes and audits.
• Keep abreast of global AML/CFT developments and ensure compliance.

Skills

KYC/AML expertise

Regulatory requirements

MAS 626 knowledge

CAMS (certifications)

Interpersonal skills

Client-centric approach

Analytical thinking

Communication skills

Problem solving

Education

Bachelor's degree

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.

The KYC Specialist provides expert advice to Front Office in all KYC matters, and partners with the Front Office for the end-to-end account onboarding process. In addition, works closely with Group Compliance on specific AML/KYC policy and procedures as well as client risk profiling related matters.

Responsibilities

• Advise Front Officeon 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 KYC 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 KYC related matters and for escalated/prioritised cases.

• Assess and ensure the relevance and completeness of KYC 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.

• Train the Front Office on 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 5 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.

• Excellent communication, portfolio management and verbal and written presentation skills

• Good written and verbal communication in English, Cantonese and Mandarin

Location

The Center

Job

Operations

Schedule

Regular