Senior KYC Specialist - CDD/Transaction Review

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.

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.

Responsibilities

• Conduct CDD reviews.
• Perform review on customer’s transactions for points of clarification and draft queries.
• Reach out to customers requesting information (RFI) related to their transactions, purpose of transactions, etc., by emails and phone calls.
• Perform KYC Screening, review past transactions, conduct enhanced due diligence, and assess the AML/CFT/sanctions risk of customers.
• Ensure that Trigger Events are managed and completed within stipulated time frame.
• Liaise with other compliance units and businesses regarding surveillance AML/KYC issues.
• Manage Exit Journey including communication on Account closure, Appeals, and Complaints.
• Escalate potential risk concerns in a timely manner and make risk calls where appropriate.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends.

Requirements

• Minimum of a bachelor’s degree or equivalent relevant working experience.
• Minimum 5 years of AML/KYC experience, preferably review of corporate customers in the banking industry.
• Minimum 2-3 years of transaction review experience.
• Experience in Suspicious Transaction and Sanctions review would be an advantage.
• Sensitive to operational and financial crime risks.
• Ability to multitask and manage a high number of priorities in a fast-paced environment.
• Ability to work with stakeholders across different functions.
• Ability to be client-centric while balancing risk and controls.
• ACAMS or ICA professional certification is a plus.

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.