Business Function Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.
Reporting to the COO of Institutional Banking Group (IBG), the job holder is responsible for leading a team to ensure IBG staff fully comply with internal AML risk and compliance policies/standards, external regulations, and industry best practices.
Responsibilities - Liaise with FCSS and Compliance on KYC and AML monitoring
- Review, analyze and communicate AML/CFT/Sanctions information
- Report on AML/CFT/Sanctions risk reviews and identify improvements
- Monitor remedial actions for AML and risk control deficiencies
- Evaluate and communicate new AML/CFT/Sanctions regulations
- Coordinate responses to reports requested by regulators/authorities
- Provide feedback on revisions to AML/CFT/Sanctions standards
- Advise on AML/CFT/Sanctions for new banking products/services
- Collaborate on CDD review and AML/CFT/Sanctions risk governance
- Prepare and facilitate risk & control self-assessments (RCSA)
- Monitor timeline of CDD periodic and trigger reviews
- Measure and monitor AML key risk indicators and issues
- Provide analysis and insights on AML control trends
- Act as AML Champion, answering enquiries from IBG colleagues
Requirements - University degree with 15 years of relevant experience in Banking / FI
- Proven track record in frontline, risk and governance roles
- Sound knowledge of AML/KYC, compliance and regulations
- Fluency in English and Chinese, excellent analytical skills
- Strong communication and teamwork abilities
- CAMS, CFE or other relevant professional qualifications
- Experience in transaction review/investigation an advantage