Senior Associate/Associate, KYC Specialist- CDD/Transaction Review, SME CORE Team, Institutiona[...]

300005 Chief Executive's Office_00002555; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading banking institution in Singapore is seeking a Senior Associate/Associate KYC Specialist to perform customer transaction reviews and conduct KYC screenings as part of their AML compliance efforts. The ideal candidate will have a minimum of 5 years of AML/KYC experience in the banking industry, with strong multitasking abilities and a client-centric approach. This role also involves ensuring compliance with regulations and managing communications regarding account closures. A competitive salary and benefits package is offered.

Benefits

Competitive salary

Dynamic work environment

Professional development opportunities

Qualifications

• Minimum 5 years of AML/KYC experience in the banking industry.
• 2-3 years of transaction review experience.
• ACAMS or ICA certification preferred.

Responsibilities

• Review customer transactions and draft queries.
• Conduct KYC screening and enhanced due diligence.
• Manage Exit Journey including account closure communication.

Skills

AML/KYC Experience

Transaction Review

Client-Centric Approach

Ability to Multitask

Education

Bachelor's degree or equivalent

Job description

Job Description - Senior Associate/Associate, KYC Specialist- CDD/Transaction Review, SME CORE Team, Institutional Banking Group (WD72352)

Job Description

Senior Associate/Associate, KYC Specialist- CDD/Transaction Review, SME CORE Team, Institutional Banking Group - ( WD72352 )

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.

The position is part of the Anti-Money Laundering / Know Your Customer (“AML/KYC”) – Customer Onboarding and Review (“CORE”) team within the COO Office in IBG.

The CORE team is a centralized specialist team established to scale independent, quality and effective management of money laundering / terrorist financing risks during onboarding and Customer Due Diligence (“CDD”) reviews.

Responsibilities

• To perform review on customer’s transactions for points of clarification and draft queries
• To reach out to customer in requesting for information (RFI) in relation to their transaction, purpose of transactions etc by emails and phone calls.
• To perform KYC Screening, review past transactions, conduct enhanced due diligence, and assess the AML/CFT/sanctions risk of customer.
• Ensure that Trigger Events are managed and completed within stipulated time frame.
• Liaise with other compliance units and businesses regarding surveillance AML/KYC issues.
• Manage Exit Journey including communication on Account closure, Appeals and Complaints
• To elevate potential risk concerns in a timely manner and make risk calls where appropriate.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.

Requirements

• Minimum of a bachelor’s degree or equivalent relevant working experiences.
• Minimum 5 years of AML/KYC experience, preferably review of corporate customers in the banking industry.
• Minimum 2-3 years of transaction review experience
• Experience in Suspicious Transaction and Sanctions review would be an advantage.
• Sensitive to operational and financial crime risks
• Ability to multitask and manage a high number of priorities in a fast-paced environment.
• Ability to work with stakeholders across different functions.
• Ability to be client-centric while balancing risk and controls.
• ACAMS or ICA professional certification is a plus.

Apply Now

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