Senior Associate / Associate, Know Your Customer, SME Banking, Institutional
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.
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.
- To conduct CDD Account reviews for existing SME Banking Customers
- To work directly (or through the Relationship Managers) with existing customers for timely completion of reviews.
- To guide existing customers in providing us with the required KYC information and documents (which include KYC Questionnaires, SoW documents ).
- 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.
- Good verbal and written communications skills.
- Open-minded and able to prioritise and multi-task in a dynamic environment.
- 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.
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.
Company profile
DBS Bank
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney in 2016 and 2018. The bank has also been recognised for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of its 26,000 staff, representing over 40 nationalities.
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