KYC Specialist - Periodic Reviews, Consumer Banking Group

DBS Bank Limited; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading financial institution in Singapore seeks an experienced professional for KYC/AML responsibilities. The role involves reviewing screening hits, assessing regulatory risks, and preparing management reports. Candidates must possess a Bachelor's degree and 8-12 years of experience in the relevant fields. Key skills include client-centric approaches and strong interpersonal capabilities. This role offers a competitive salary and a dynamic working environment that supports professional growth.

Benefits

Competitive salary and benefits

Dynamic environment supporting professional development

Qualifications

• 8 - 12 years of working experience in KYC/AML areas, preferably in Private Banking.
• Familiar with regulatory requirements pertaining to KYC/AML, e.g., MAS 626.
• Certifications in AML like CAMS are an advantage.

Responsibilities

• Review and validate screening hits from databases.
• Assess ML/TF risks with respect to regulations.
• Prepare management reports to strengthen control procedures.

Skills

Client-centric approach

Interpersonal skills

Analytical skills

Creative problem-solving

Education

Bachelor's degree in relevant field

Job description

Overview

Business Function:

DBS Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client’s needs. Coupled with partnerships within the DBS network and with global institutions, we strive to build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment and financial solutions.

Responsibilities

• Independently review and validate screening hits from public and internal databases
• Identify and assess resulting ML/TF risks with respect to regulatory requirement as well as Group AML/CFT policy and procedures.
• Follow up with Front Office, FCSS Advisory and other stakeholders on screening with appropriate escalation.
• Highlight deficiencies, suspicious AML or other non-compliance issues to relevant parties and management.
• Prepare reports for management reporting to facilitate relevant reviews and strengthen the control procedures and process.
  Handle Internal/External audit, compliance testing and other supervisory visits as appropriate.
• Be involved in projects for new processes or industry initiatives.
• Keep abreast of global AML/CFT developments that impact due diligence on wealth clients and ensure compliance with all other controls and processes.

Requirements

• Bachelor degree with at least 8 - 12 years of working experience in KYC/AML areas, risk or controls functions, preferably in Private Banking.
  Familiar with regulatory requirements pertaining to KYC/AML, e.g., MAS 626.
• Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti Money Laundering would be an advantage.
• Ability to be client-centric while balancing business needs and controls.
• Excellent interpersonal skills to manage relationships with Front Office stakeholders.
• An efficient solutions provider with strong analytical and creative problem-solving skills.
  

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We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.