Analyst, Specialist - Know Your Customer, Small Medium Enterprises

DBS Bank; Mumbai; On-site; INR 800,000 - 1,800,000; Full time

Benefits offered by this job

Flexible working

Professional development

Inclusive environment

Job summary

DBS India is seeking a Compliance professional to conduct KYC, CDD, and EDD reviews for SME and Institutional Banking clients in Mumbai. The role emphasizes mitigating financial crime risks, maintaining accurate client records, and adhering to AML, FATCA, and CRS requirements.

The successful candidate will collaborate with relationship managers, compliance, and legal teams, ensuring smooth onboarding, periodic reviews, and audits while upholding DBS's standards of integrity and regulatory

Qualifications

• 3-5 years in a similar role, preferably in banking/financial services.
• Strong knowledge of KYC, AML, and regulatory requirements.
• Excellent communication and interpersonal skills.
• Proficient with systems to manage client information and documentation.

Responsibilities

• Conduct KYC, CDD, and EDD reviews for SME and Institutional Banking clients.
• Assess client risk by reviewing financials, ownership, and documentation.
• Ensure timely completion and accuracy of KYC onboarding and reviews.
• Identify, investigate, and escalate AML or regulatory concerns.
• Collaborate with Relationship Managers, Compliance, Legal, and Operations to resolve KYC issues.

Skills

Analytical thinking

Attention to detail

Regulatory compliance

Communication skills

Stakeholder management

Education

Bachelor's Degree in Commerce/Finance

Job description

Business Function

Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Business Function

Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Job Purpose

To conduct customer due diligence and KYC reviews for SME Banking and Institutional Banking clients, ensuring compliance with AML regulations, internal policies, and regulatory requirements. The role is responsible for identifying and mitigating financial crime, regulatory, and reputational risks while supporting efficient client onboarding and periodic reviews.

Key Accountabilities

• Conduct KYC, CDD, and EDD reviews for new and existing customers in accordance with regulatory and bank policies.
• Assess customer risk profiles by reviewing client information, financial statements, ownership structures, and supporting documentation.
• Ensure timely completion and accuracy of KYC documentation, onboarding reviews, remediation activities, and periodic reviews.
• Identify, investigate, and escalation potential AML, sanctions, financial crime, or regulatory concerns.
• Partner with Relationship Managers, Compliance, Legal, Operations, and other stakeholders to resolve KYC-related issues.
• Maintain complete and accurate customer records and documentation to support audit and regulatory requirements.
• Monitor regulatory developments and ensure adherence to AML, KYC, FATCA, CRS, and other applicable compliance requirements.
• Support internal audits, regulatory inspections, and compliance monitoring activities.
• Drive continuous process improvements to enhance efficiency and control effectiveness within the KYC function.

Job Duties & Responsibilities

• Conduct thorough Know Your Customer (KYC) reviews and due diligence on prospective and existing clients within the SME Banking and Institutional Banking Group
• Analyse client information, financial data, and other relevant documents to assess risk and ensure compliance with regulatory requirements
• Collaborate with cross-functional teams, including relationship managers and compliance officers, to identify and mitigate potential risks
• Stay up to date with the latest regulatory changes and industry best practices related to KYC and anti-money laundering (AML) procedures
• Provide guidance and support to relationship managers and clients on KYC and AML-related matters
• Maintain accurate and comprehensive records of client information and KYC documentation

Requirements

• Minimum 3-5 years of experience in a similar role, preferably in the banking or financial services industry
• Minimum 3-5 years of experience in KYC, AML, Financial Crime Compliance, Client Onboarding, or Regulatory Compliance within Banking or Financial Services.
• Strong analytical and problem-solving skills with the ability to identify and assess risks
• Excellent communication and interpersonal skills to interact with clients and cross-functional teams
• Thorough understanding of KYC, AML, and other relevant regulatory requirements
• Proficient in using relevant software and technology tools to manage client information and documentation
• Ability to work independently and as part of a team

Education / Preferred Qualifications

• Bachelor’s Degree in Commerce, Finance, Accounting, Economics, Business Administration, or a related discipline.

Core Competencies

• Analytical Thinking
• Risk Assessment & Decision Making
• Attention to Detail
• Problem Solving
• Customer Due Diligence
• Regulatory Compliance
• Stakeholder Management
• Communication & Interpersonal Skills

Technical Competencies

• KYC / CDD / EDD Processes
• Anti-Money Laundering (AML) Regulations
• Sanctions Screening & Watchlist Management
• FATCA & CRS Requirements
• Regulatory Compliance Frameworks
• Customer Risk Rating Methodologies
• Adverse Media Screening
• Financial Statement Analysis

DBS India - Culture & Behaviours

DBS is committed to building a culture where all employees are valued, respected and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.

Expected value driven behaviours are:

• Demonstrate Business Performance through PRIDE 2.0 Value Based Propositions
• Ensure Customer Focus by Delighting Customers & Reduce Complaints
• Build Pride and Passion to Protect, Maintain and Enhance DBS’ Reputation
• Enhance Self Knowledge, Skills and develop Competencies aimed at continuous improvement
• Maintain the Highest Standards of Honesty and Integrity.

Location

Mumbai

Job

Compliance

Schedule

Regular

Employee Status

Full time