SVP / VP, Front Office Onboarding Team Lead, Private Banking, Consumer Banking G

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

Job summary

A leading financial services provider in Singapore seeks an experienced professional for KYC management in their Private Banking division. The role involves overseeing compliance, facilitating efficient onboarding processes, and collaborating with internal teams. Ideal candidates will have 10-15 years of experience in KYC/AML and hold a degree in a relevant field. We offer competitive salary packages and a dynamic work environment.

Benefits

Competitive salary

Benefits package

Dynamic work environment

Qualifications

• 10-15 years of experience in KYC, AML, and/or client onboarding in private banking or financial services.
• Strong knowledge of regulatory frameworks (e.g., FATCA, CRS, MAS guidelines).
• Certifications in AML such as CAMS or International Association Diploma in Anti Money Laundering are advantageous.

Responsibilities

• Lead KYC and compliance management processes and teams.
• Collaborate with Front Office and compliance teams for onboarding.
• Analyze data related to onboarding efficiency and KYC issues.
• Identify and propose enhancements to onboarding processes.

Skills

KYC management

AML knowledge

Data analysis

Communication

Problem-solving

Education

Bachelor’s degree in Finance, Business, Law or related field

Tools

KYC software

Excel

Tableau

Job description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function
DBS’ Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalized 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

1. KYC and Compliance Management:

• Lead the team in the preparation of client/case profiles and guide Front Office teams in obtaining required corroboration and information for KYC.
• Manage the KYC write-up process, identifying areas for clarification and ensuring adequate follow-up with clients and closure prior to KYC submission.
• Facilitate joint discussions with Front Office and KYC teams to ensure timely and informed case decisions.
• Manage reworks resolution to facilitate efficient account opening.
• Coordinate with KYC team who will be providing KYC training to the Front Office Onboarding team to ensure deep understanding of the KYC requirements
• Stay updated on evolving KYC/AML process and regulations and ensure strict adherence to local and international laws, ensuring adherence to the processes and policies.

2. Collaboration and Communication:

• Champion sharing of best KYC practices through huddles with various market regions and teams to improve quality.
• Drive improved collaboration between units to facilitate the account opening process.
• Act as a key liaison with Front Office, compliance teams, and other stakeholders to resolve gaps or discrepancies.
• Provide expert advice and guidance to internal teams on regulatory requirements and best practices.

3. Data Management and Reporting:

• Analyse data to track progress and efficiency of onboarding, risk trends, and KYC issues, and provide reports to management.

4. Process Improvement:

• Identify inefficiencies in the onboarding process and propose enhancements.
• Contribute to the development and implementation of policies, procedures, and systems.

Requirements

• Bachelor’s degree in Finance, Business, Law, or a related field.
• At least 10 -15 years of experience in KYC, AML, and/or client onboarding in private banking or financial services.
• Strong knowledge of regulatory frameworks (e.g., FATCA, CRS, MAS guidelines)
• Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti Money Laundering would be an advantage.
• Detail-oriented with excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills to collaborate effectively with Front Office and diverse stakeholders.
• Familiarity with KYC software, databases, and banking systems. Proficient in Excel and Tableau preferred.

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.