Senior Associate, Know Your Customer Specialist – CDD review, SME CORE Team

DBS Bank Ltd; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

DBS Bank Ltd is seeking an AML/KYC compliance professional in Singapore to conduct CDD and sanctions reviews, assess customer risk, and perform KYC screening. The role involves coordinating with multiple stakeholders, managing information requests, and ensuring timely completion of risk processes.

The ideal candidate has 5+ years of AML/KYC experience in banking, with strong analytical skills and regulatory knowledge.

Qualifications

• Bachelor’s degree or equivalent relevant working experience.
• Minimum 5 years AML/KYC experience, preferably review of corporate customers in the banking industry.
• Minimum 2-3 years of transaction review experience.
• Sensitive to operational and financial crime risks; ability to multitask in a fast-paced environment.
• Ability to work with stakeholders across different functions.
• ACAMS or ICA professional certification is a plus.

Responsibilities

• Conduct CDD reviews and AML/Sanctions reviews.
• Review customer transactions for clarification and draft queries.
• Reach out to customers for information (RFI) via email and phone.
• Perform KYC screening, review past transactions, and assess AML/CFT/sanctions risk.
• Ensure Trigger Events are managed and completed within timeframes.
• Liaise with compliance units and businesses on AML/KYC issues.
• Manage Exit Journey including account closure communications and complaints.
• Elevate risk concerns and make risk calls when appropriate.
• Maintain understanding of money laundering and terrorist financing issues and trends.

Skills

AML/KYC

CDD reviews

Stakeholder management

Attention to detail

Regulatory knowledge

Education

Bachelor's degree

ACAMS or ICA certification

Job description

Responsibilities

• To conduct CDD reviews. Experience in Suspicious Transaction and Sanctions review
  would be an advantage.
• 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
  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.

Location:

DBS Asia Central

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time