VP, FCSS Advisory - Institutional Banking, Group Compliance

DBS Bank Ltd Date Posted: 23-Jan-2018

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Job Description

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 capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibilities 
  • Ensure consistent interpretation and implementation of various Group standards across BUs/Countries.
  • Review of AML/CFT related matters and provide appropriate advisory strategy.
  • Provide AML advisory support to IBG and GTS, with particular focus on the Financial Institutions segment (FI segment).
  • As the subject matter expert, provide the technical expertise with regards to managing AML/CFT risks associated with correspondent banking, fund management, custodial and other institutional services with FIs.
  • Participate in digitalization projects e.g KYC related process improvements.
  • To assist in conducting New Products Approval Request reviews.
  • Conduct AML / CFT trainings.
  • Assist in providing responses to queries from the MAS, Internal Audit, external auditors.
  • Preparation of Monthly AML key metrics reporting.
  • Ad-hoc projects involving AML initiatives / improvement.
  • To assist on other FCSS advisory – Fraud, ABC, Sanctions, etc.
  • To support the review of client, payment and trade alerts
  • Provide regional support for AML / CFT related matters.
  • Assist in implementing / coordinating EWRA Framework (across countries).
 
 
Requirements
  • Bachelor Degree of a relevant field.
  • Minimum 8 years of relevant AML experience, preferably in the AML/CFT compliance advisory function of a corporate bank (eg an MLRO function).
  • Good working knowledge on the different business segments (Retail / Corporates / Private Bank).
  • Working knowledge of correspondent banking and trade finance.
  • Extensive understanding of MAS Notice 626.
  • Strong communication and written skills.
  • Understanding / exposure of AML frameworks across Asia.
  • Proficiency with MAS regulations on AML/CFT.
  • Familiarity with international sanctions (such as OFAC) will be an advantage.
  • Exhibit timeliness, responsibility and is dependable in all work assigned.
  • Ability to work well in a team and with minimum supervision.
  • Certification as an AML specialist (e.g Diploma in AML) with a recognized institution will be considered favourably, although, this is not a mandatory requirement.
 

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.

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 capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibilities 
  • Ensure consistent interpretation and implementation of various Group standards across BUs/Countries.
  • Review of AML/CFT related matters and provide appropriate advisory strategy.
  • Provide AML advisory support to IBG and GTS, with particular focus on the Financial Institutions segment (FI segment).
  • As the subject matter expert, provide the technical expertise with regards to managing AML/CFT risks associated with correspondent banking, fund management, custodial and other institutional services with FIs.
  • Participate in digitalization projects e.g KYC related process improvements.
  • To assist in conducting New Products Approval Request reviews.
  • Conduct AML / CFT trainings.
  • Assist in providing responses to queries from the MAS, Internal Audit, external auditors.
  • Preparation of Monthly AML key metrics reporting.
  • Ad-hoc projects involving AML initiatives / improvement.
  • To assist on other FCSS advisory – Fraud, ABC, Sanctions, etc.
  • To support the review of client, payment and trade alerts
  • Provide regional support for AML / CFT related matters.
  • Assist in implementing / coordinating EWRA Framework (across countries).
 
 
Requirements
  • Bachelor Degree of a relevant field.
  • Minimum 8 years of relevant AML experience, preferably in the AML/CFT compliance advisory function of a corporate bank (eg an MLRO function).
  • Good working knowledge on the different business segments (Retail / Corporates / Private Bank).
  • Working knowledge of correspondent banking and trade finance.
  • Extensive understanding of MAS Notice 626.
  • Strong communication and written skills.
  • Understanding / exposure of AML frameworks across Asia.
  • Proficiency with MAS regulations on AML/CFT.
  • Familiarity with international sanctions (such as OFAC) will be an advantage.
  • Exhibit timeliness, responsibility and is dependable in all work assigned.
  • Ability to work well in a team and with minimum supervision.
  • Certification as an AML specialist (e.g Diploma in AML) with a recognized institution will be considered favourably, although, this is not a mandatory requirement.
 

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 Overview

DBS Bank Ltd