AVP, Specialist, Know Your Customer (G&C KYC QA team), Private Banking
About the role
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:
Actively contribute to maintaining and enhancing the AML/CFT governance and control framework
Execute quality assurance for account openings, CDD reviews and Name Screening alerts clearance by KYC team
Generate comprehensive finding reports and propose actionable quality improvement initiatives
Effectively communicate and brief management and relevant stakeholders on identified deficiencies, suspicious AML activities, or other non-compliance issues
Conduct data analysis, prepare presentation deck, and MIS reports
Serve as the point of contact and coordinator for Internal/External Audit activities and Compliance testing related to KYC reviews
Prepare reports for management reporting to facilitate relevant reviews and strengthen control procedures and process
Deliver internal AML training and QA sharing sessions to both the Front Office and KYC team
Conduct Risk & Control Self-Assessments
Maintain and regularly update operational manuals and guidelines pertinent to KYC Quality Assurance, ensuring full alignment with Group policy and requirements
Efficiently coordinate and implement process changes driven by regulatory or policy updates
Mentor and guide junior team members in day-to-day operations
Drive continuous improvement in the team's output, focusing on both quality and efficiency
Actively participate in and represent the team at various local/regional meetings with KYC, FCSS, Compliance, and other relevant departments
Keep abreast of global AML/CFT developments that impact due diligence and ensure compliance with all other controls and processes
Master and promptly integrate any updates to internal procedures and processes
Undertake ad-hoc tasks and projects as assigned
Job Requirements:
Bachelor’s degree and min. 8-10 years of experience in KYC/AML, risk, or controls, preferably Private Banking
Proficient in Private Banking KYC/AML regulations (e.g., HKMA & MAS, CRS & FATCA)
Solid understanding of private banking services and operations
Strong knowledge of AML legal/regulatory requirements, compliance principles, and corporate governance
Detail-oriented, compliance-focused, diligent, and proactive
Self-motivated, independent, and accountable team player
Excellent communication and interpersonal skills for all levels
Strong presentation and report writing skills
Adept in project management and problem-solving
Analytical and creative problem-solver
CAMLP/AAMLP and CAMS or equivalent qualifications are a plus
Language proficiency in both written and spoken English and Chinese
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.
Location: One Island East
Job: Compliance
Schedule: Regular
Employee Status: Full time
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