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 CDD Review of Financial Institution Customers

Key Responsibilities:

• To conduct CDD on existing customers reviews

• To work directly (or through the Relationship Managers) customers for timely onboarding and prompt completion of reviews

• To guide 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 to 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.

• 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

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