Senior Associate, KYC Reviewer Specialist, Private Banking, Consumer Banking...

DBS Bank Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading bank in Asia is seeking a compliance professional with over 5 years of KYC/AML experience to enhance customer due diligence standards. The candidate will conduct reviews and provide training on KYC processes, ensuring regulatory compliance while maintaining a client-centric approach. This role offers competitive salary and benefits in a dynamic environment.

Benefits

Competitive salary

Dynamic work environment

Qualifications

• 5+ years experience in KYC/AML, risk or controls functions, preferably in Private Banking.
• Strong understanding of KYC/AML regulatory requirements.
• Exceptional analytical skills for identifying discrepancies in records.

Responsibilities

• Conduct CDD reviews on customer profiles and transactions.
• Perform source of wealth due diligence.
• Ensure compliance with internal policies and regulatory requirements.
• Conduct training on KYC-related matters.

Skills

Client centric approach

Attention to detail

Analytical skills

Strong communication skills

Education

Bachelor’s degree

Job description

Overview

Business Function: As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business – they were made just right for you.

Job Purpose: As part of our continuous effort to enhance compliance standards for customer due diligence (CDD), we are looking for skilled professionals to elevate our focus on quality control for CDD conducted by our relationship managers and KYC teams, on our customers with Consumer Banking in Singapore. We look for individuals with a balanced risk awareness and customer obsession mindset in undertaking CDD reviews, under our Chief Operating Officer Office for the Wealth Management Group. Potential candidates should be detail oriented with strong knowledge in financial.

Responsibilities

• Conduct CDD reviews on customers’ profiles and transactions, with a focus on quality, completeness, and accuracy.
• Perform source of wealth due diligence and corroboration, to understand the plausibility of the customer’s wealth.
• Perform name screenings on customers and their transactional counterparties.
• Ensure our CDD reviews and documentations comply with internal policies and standards, as well as regulatory requirements.
• Partner with Group Legal and Compliance and Front Office for clarifications to align risk judgement and mitigating measures, as needed.
• Stay abreast with evolving industry standards and regulatory developments, and share knowledge with relevant stakeholders.
• Conduct training and act as a subject matter expert on KYC-related matters, providing guidance and support to KYC Teams and Front Office.
• Prepare regular reporting to governance committees and escalate any potential risks identified during the quality assurance reviews to senior management.

Requirements

• Bachelor’s degree with minimum 5 years of experience in KYC/AML, risk or controls functions, preferably in Private Banking.
• Strong understanding of financial sector and familiar with regulatory requirements pertaining to KYC/AML.
• Strong knowledge and expertise in performing source of wealth due diligence. Candidates with experience in corroborating source of wealth on high net worth customers will have an advantage for this role.
• Ability to be client centric while balancing business needs and controls.
• Subject matter expert, experience dealing with complex issues, forward looking, solutions-oriented, "can do" attitude.
• Exceptional attention to detail and analytical skills to identify discrepancies and potential risks in KYC records.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with a diverse group of internal stakeholders towards common objectives.
• Good altitude and drive to work in fast-paced environment and be resourceful in problem-solving.

Apply now

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