Senior Associate/Associate, KYC Specialist, Financial Institutions, COO, Institutional Banking [...]

DBS Bank Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Senior Associate/Associate KYC Specialist to conduct KYC reviews and ensure compliance with AML regulations. The ideal candidate has at least 3 years of experience in the banking industry, strong analytical skills, and the ability to collaborate with diverse stakeholders. This role involves working closely with the Front Office and compliance teams to manage customer onboarding and due diligence effectively.

Qualifications

• At least 3 years of relevant working experience in onboarding and review of corporate/financial institution customers.
• Experience in reviewing fund structures is an added plus.

Responsibilities

• Perform end-to-end KYC review on Financial Institution segment customers.
• Assess complex legal structures to identify beneficial ownership.
• Maintain accurate and complete client records in internal systems.
• Collaborate closely with front office and compliance teams.

Skills

AML/KYC regulatory requirements understanding

Strong communication and interpersonal skills

Analytical and problem-solving skills

Detail-oriented

Ability to work in a fast-paced environment

Education

Bachelor's degree

Job description

Senior Associate/Associate, KYC Specialist, Financial Institutions, COO, Institutional Banking Group

Senior Associate/Associate, KYC Specialist, Financial Institutions, COO, Institutional Banking Group

Senior Associate/Associate, KYC Specialist, Financial Institutions, COO, Institutional Banking Group

Business Function

The Institutional Banking Group ("IBG") 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 role sits within Customer Onboarding and Review ("CORE") team under 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. Y ou will work closely with the Front Office, compliance and operations to provide a smooth onboarding process while safeguarding the bank from financial and reputational risks.

Responsibilities

• Perform end-to-end KYC review on both prospects and existing customers within the Financial Institution segment, such as banks, asset managers, funds, securities exchanges and insurance companies.
• Assess complex legal structures to identify beneficial ownership.
• Escalate potential risk concerns promptly and exercise sound judgement in making risk-based decisions where appropriate.
• Maintain accurate and complete client records in internal systems, ensuring audit-readiness and adherence to KYC quality standard.
• Collaborate closely with front office and compliance to resolve documentation gaps, risk concerns and AML/KYC queries.
• Support periodic review, trigger event reviews and remediation reviews/ projects.
• Work directly (or through the Relationship Managers) with prospects and existing customers for timely onboarding and prompt completion of reviews
• Contribute to process improvements and control enhancement, helping drive efficiency and consistency.

Requirements

• Bachelor's degree with at least 3 years of relevant working experience, preferably with experience in both onboarding and review of corporate / financial institution customers in the banking industry.
• Strong understanding of AML/KYC regulatory requirement and frameworks (MAS, FATF regulations)
• Strong communication and interpersonal skills to collaborate effectively with Front Office and diverse stakeholders
• Detail-oriented with excellent analytical and problem-solving skills.
• Comfortable working in a fast-paced, deadline driven environment
• Proactive, independent and able to exercise sound judgment on risk matters,
• Experience in reviewing fund structures is an added plus

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