VP, AML Compliance, COO Institutional Banking Group

DBS Bank Ltd; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

DBS Bank Ltd. in Hong Kong is seeking an experienced AML Compliance professional to lead governance and ensure IBG staff comply with internal AML risk policies, external regulations and best practices. The role is based at One Island East and involves coordinating with Compliance and Risk teams.

You will act as AML Champion, support frontline inquiries, update KYC systems, and drive improvements in AML controls while staying abreast of evolving regulations in Hong Kong and globally.

Qualifications

• University degree in Law, Banking, Finance or business related.
• 8+ years in banking, AML/CDD/KYC experience preferred.
• Knowledge of regulatory policies and industry best practices.
• Strong analytical, organizational and time-management skills.
• Excellent communication and interpersonal abilities; ACAMS is a plus.

Responsibilities

• Serve as AML Champion, answering inquiries from IBG colleagues or assisting frontline on AML/CFT related inquiries.
• Provide country feedback on revisions to local and Group AML/CFT CDD standards and AML/CFT systems.
• Update AML procedures and guidelines within IBG, enhance KYC System governance & controls matters.
• Assist in formulating internal workflow and recommendations for AML/CFT policy and risk control improvements.
• Review, analyze and communicate AML/CFT management information and report AML/CFT risk management results.
• Liaise with FCSS and Compliance on KYC processes and AML monitoring.
• Monitor remediation actions for AML/CFT deficiencies and risk controls.
• Evaluate and communicate new AML laws and regulations locally and internationally.
• Measure and monitor key risk indicators to improve AML control standards and report trends.
• Prepare and facilitate RCSA and ensure rectifications and follow-up actions.

Skills

AML/CFT

Regulatory compliance

Data analytics

KYC/CDD

Stakeholder management

Education

Law degree

Finance degree

Tools

KYC systems

Data analytics tools

Job description

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