Associate Specialist - Know Your Customer Small Medium Enterprises

DBS Bank; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

DBS Bank is seeking a KYC/AML specialist for SME and Institutional Banking to conduct due diligence, reviews and onboarding in compliance with AML regulations.

You will assess risk profiles, ensure timely documentation, and collaborate with Relationship Managers, Compliance, Legal and Operations to mitigate financial crime.

This role focuses on maintaining audit-ready records, monitoring regulatory developments, and supporting investigations and reviews.

Qualifications

• Experience conducting KYC, CDD and EDD reviews.
• Familiar with AML regulations, FATCA, CRS.
• Experience onboarding clients and remediation activities.
• Ability to identify and mitigate financial crime risks.

Responsibilities

• Perform KYC reviews for SME and Institutional Banking clients.
• Assess client information and documentation to determine risk.
• Collaborate with Relationship Managers, Compliance and Legal.
• Maintain complete customer records for audits and regulatory reviews.

Skills

KYC/AML compliance

Risk assessment

Regulatory knowledge

Stakeholder collaboration

Job description

Job Description:

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 **esk** ??? 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