Associate / Senior Associate, Know Your Customer, SME CORE Team, Institutional Banking Group, COO Office

DBS Bank

Associate / Senior Associate, Know Your Customer, SME CORE Team, Institutional Banking Group, COO Office - (WD72058)

Business Function

The position is part of the Anti-Money Laundering / Know Your Customer (“AML/KYC”) – Customer Onboarding and Review (“CORE”) team within IBG COO Office. The CORE Team is a centralized specialist team established to scale independent, quality and effective management of money laundering, terrorist financing & sanctions risks during onboarding & Customer Due Diligence (“CDD”) reviews.

Responsibilities

  • Perform CDD for New-to-Bank Prospect Onboarding & Account Opening on SME customers.
  • Work directly (or through the Relationship Managers) with prospects for timely onboarding.
  • Perform KYC Screening, conduct Enhanced Due Diligence & assess the AML / CFT / Sanctions risk of prospects.
  • Perform Risk Assessment, escalate potential risk concerns in a timely manner & make risk calls, where appropriate.
  • Identify opportunities for operational efficiency & AML effectiveness.
  • Assist with ad-hoc tasks / initiatives (e.g. participate in User Acceptance Testing (UAT) & support Remediation exercise where required).

Requirements

  • Minimum of a Bachelor’s degree.
  • Minimum 3-5 years of relevant AML/KYC experience with proven track record in CDD Onboarding & Account Opening of corporate customers in the banking industry.
  • AML, CFT & Sanctions-related knowledge is a pre-requisite with understanding of KYC requirements (such as MAS Notice 626).
  • Proficient in Name Screening & Materiality Assessment (Adverse News Media, Politically Exposed Persons, Sanctions etc).
  • Possess knowledge in conducting / assessing Source of Wealth (SOW) Establishment & Corroboration for Individuals & non-Individuals.
  • Strong verbal & written communication skills.
  • Ability to be client-centric, collaborate effectively with internal stakeholders to improve Onboarding Journey while balancing risk & controls.
  • Detailed-oriented, organised & able to prioritise tasks effectively in a fast-changing environment.
  • Possess inquisitive mind towards process / workflow improvement & experimentation.
  • ACAMS or ICA professional certification is a plus.
  • Intermediate to Advanced proficiency in Microsoft tools (eg. Word & Excel) is a plus.

Primary Location

: Singapore-DBS Asia Central

Job

: Compliance

Schedule

: Regular

Employee Status

Full-time

Job Posting

: Feb 3, 2025, 12:00:00 AM

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Confirmed 6 hours ago. Posted 4 days ago.

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