Business Function DBS' Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised 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 - Lead a team of circa 50 KYC staff supporting Private Bank's CDD process, reporting to HK WM COO.
- Plan, direct and supervise KYC/AML activities associated with new account opening, periodic CDD reviews, trigger event reviews and name screening in full compliance with internal policy and regulatory requirements.
- Plan and implement KYC/AML related projects and /or process improvement initiatives to improve risk control and account opening turnaround time
- Support internal audits, FCSS reviews, and/or regulatory inspections
- Collaborate with regional KYC team to align standards and implementation of regional initiatives
- Act as KYC/AML Champion for HK WM, and be the primary interface with Front Office, WMO, Internal Audit, FCSS and other Risk & Control functions on KYC/AML matters
- Represent WM on various governance forums including Business Risk Committee, Operational Risk Committee, Business Control Committee and Anti-Money Laundering Oversight Committee etc
- Oversight on KYC metrics to determine trends and follow ups
- Coach and develop a team of professional with high KYC / AML standards
Requirements: - Strong KYC/AML expertise in Private Banking or Wealth Management
- Minimum of 15 years of experience in banking industry, at least 8 years in Private Banking or Wealth Management and as a people manager
- Possess critical thinking and able to review, analyze client's risk profile to ascertain onboarding risks and if within bank's risk appetite
- Able to uplift CDD operating processes, reduced account opening turnaround time whilst ensuring KYC risks are duly considered
- Broad knowledge of Asia's rules and regulations, with focus on KYC/AML
- Ability to operate at holistic level and yet detail oriented and demonstrate independence in thinking.
- Proven track record in leading the team to initiate and implement strategic initiatives for KYC quality uplift and process improvements
- Excellent critical thinking and analysis skills, problem solving capacities
- Self-motivated, independent, strong sense of ownership with ability to work in a team environment.
- Good command of English and Chinese
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.
We regret only shortlisted candidates will be notified.