Business Function

The Institutional Banking Group (“IBG”) 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.

Responsibilities

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

Role: Senior KYC Analyst for Onboarding & CDD Review of Financial Institution Customers.

The Candidate is expected to handle higher risk entities in the Digital Asset Ecosystem and Payment Service Providers industries.

Key Responsibilities:

• To conduct CDD for New-to-Bank prospect onboarding and existing customers reviews
• To work directly (or through the Relationship Managers) with prospects and existing customers for timely onboarding and prompt completion of reviews
• To guide prospects and existing customers in providing us with the required KYC information and documents (which include account opening forms, KYC Questionnaires, Risk Assessment forms)
• To perform KYC Screening, review past transactions, conduct enhanced due diligence and assess the AML/CFT/sanctions risk of prospects and existing customers
• To escalate potential risk concerns in a timely manner and make risk calls where appropriate
• Provide advisory support to the Business Units with regard to CDD documentation issues and requirements
• To mentor junior analysts in the team
• To be proactive in identifying opportunities for operational efficiency and AML effectiveness
• Participate and contribute in process improvements to drive greater efficiencies
• Support team lead in tracking outstanding cases and ensuring timely and appropriate follow-up action

Requirements

• Bachelor's degree with at least 3 years of relevant working experience, preferably with experience in both onboarding and review of corporate / financial institution customers in the banking industry.
• Good verbal and written communications skills.
• Can-do attitude with strong customer/user-centric mindset
• Analytical and problem-solving skills
• Ability to work independently and as a team
• Strong interpersonal skills and proactively delivering solutions
• Strong attention to detail
• Strong knowledge of MAS 626 on CDD requirements
• Familiar with screening tools (e.g. Dow Jones Factiva, World Check)
• ICA or ACAMS professional certification is a plus

Location:

DBS Asia Central

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time