Analyst, Specialist - Know Your Customer, Small Medium Enterprises

DBS Bank; Mumbai; On-site; INR 700,000 - 1,100,000; Full time

Job summary

DBS Bank in Mumbai seeks an AML/KYC Compliance professional to perform customer due diligence for SME and institutional clients. You will assess risk, review documentation, and ensure adherence to AML and regulatory standards.

You will collaborate with cross-functional teams to resolve KYC issues, stay updated on regulatory changes, and maintain accurate records to support audits and inspections.

Qualifications

• Minimum 3–5 years of experience in a similar role in banking or financial services.
• Minimum 3–5 years of experience in KYC, AML, Financial Crime Compliance, Client Onboarding, or Regulatory Compliance within Banking or Financial Services.
• Excellent communication and interpersonal skills to interact with clients and cross-functional teams.
• Thorough understanding of KYC, AML, and regulatory requirements.
• Proficient in using relevant software to manage client information and documentation.
• Ability to work independently and as part of a team.

Responsibilities

• Conduct KYC, CDD, and EDD reviews for new and existing customers in line with regulatory and bank policies.
• Assess customer risk by reviewing client information, financial statements, ownership structures, and supporting documentation.
• Ensure timely completion of KYC documentation, onboarding reviews, remediation, and periodic reviews.
• Identify, investigate, and escalate potential AML, sanctions, financial crime, or regulatory concerns.
• Collaborate with Relationship Managers, Compliance, Legal, Operations, and other stakeholders to resolve KYC issues.
• Maintain complete and accurate customer records and documentation for audits and regulatory purposes.

Skills

Analytical Thinking

Attention to Detail

Problem Solving

Regulatory Compliance

Stakeholder Management

Communication & Interpersonal Skills

Education

Bachelor's Degree in Commerce, Finance, Accounting, Economics, Business Administration, or related

Job description

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

• Bachelors 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

Job Details

• Job: Compliance
• Schedule: Regular
• Employee Status: Full time
• Location: Mumbai