Analyst, Specialist - Know Your Customer, Small Medium Enterprises

DBS; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

DBS India is seeking a Compliance professional to conduct KYC/AML reviews for SME and Institutional Banking clients in Mumbai. The role focuses on regulatory adherence, client onboarding, and ongoing due diligence to mitigate financial crime risks.

You will collaborate with Relationship Managers, Compliance, Legal, and Operations to ensure accurate documentation, timely reviews, and strong control processes while staying updated on FATCA, CRS and AML guidelines.

Qualifications

• 3–5 years of experience in a similar role, preferably in banking/financial services.
• 3–5 years of experience in KYC/AML/Financial Crime Compliance within Banking or Financial Services.
• Strong analytical and problem-solving skills with 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 regulatory requirements.
• Proficient in using software/tools to manage client information and documentation.

Responsibilities

• 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 escalate 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.

Skills

KYC

AML

Regulatory Compliance

Analytical Thinking

Communication

Education

Bachelor's Degree in Commerce/Finance/Economics

Tools

KYC Software

CRM systems

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.

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

DBS is more than a bank — we're shaping the future of finance and communities. With innovation at our core and impact in our DNA, we go beyond banking to build careers, relationships, and a better world. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets and is committed to building lasting relationships with customers. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities.