AVP/ SA, Specialist, Sanctions Advisory - (WD62638)
Business Function
This position requires the successful candidate to have a sound understanding of sanctions regulations in particular the OFAC, UN, EU and MAS Sanctions Regulations and be able to interpret and apply the requirements in different business segments across the jurisdictions where DBS operates. This is a Group position and the successful candidate is expected to actively support the Sanctions Advisory Team in managing sanctions risk across the various business and support units at Singapore. The candidate must be confident and be able to interact with stakeholders of different seniority in providing advisory support to first-line functions to uphold DBS’ Economic Sanctions Standards. Candidates with experience in various institutional businesses (e.g. Treasury, Securities, Trade, Correspondent Bank, Digital Exchange etc) will have an added advantage.
Responsibilities
- Ability to interpret new sanctions developments and requirements from MAS, UN, OFAC and EU.
- Ensure consistent interpretation and implementation of Group Economic Sanctions Standards across Business Units/Support Units/DBS Locations. Ability to understand sanctions related issues, offer practical solutions and advisory to address and mitigate sanctions risk independently.
- Close collaboration with Legal in the review of sanctions clauses/representations and warranties.
- Support the business in new products implementation and the business units in addressing customers’ sanctions exposure with appropriate mitigations.
- Ability to identify potential issues and address it timely with minimal supervision.
- Support/Participate in sanctions related projects from time to time.
- Develop appropriate and relevant material and conduct sanctions training where required.
- Preparation/Submission of monthly/quarterly sanctions key metrics reporting and provide relevant updates to stakeholders as appropriate.
- To support the review of payment and trade alerts if the need arises. Any other support as required from time to time from the line manager.
Requirements
- Minimum 2 years of experience in Sanctions compliance with financial institutions.
- Familiar with OFAC/EU/UN/MAS sanctions regulations.
- Good knowledge of products and business operations.
- Strong analytical skills, good risk sense and clear thought process.
- Confident, ability to make risk decisions. Able to address sanctions issues independently.
- Good communication and written skills.
- Good team player and collaborates well with stakeholders.
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.
Primary Location
: Singapore-DBS Asia Central
Job
: Compliance
Schedule
: Regular
Employee Status
:
Full-time
:
Job Posting
: Mar 12, 2024, 7:00:38 AM
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