Job Description

Business Function
The Institutional Banking Group 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

• Collaborate with stakeholders to provide AML and Sanctions advise globally and ensure all AML and Sanctions policies procedures and controls are implemented effectively and in accordance with local regulations and Group Standard
• Oversee the development and implementation of AML-related policies across core markets to ensure consistency and robust controls are in place, and risk and control measures are appropriately adopted
• Managing internal and external audits, resolving identified issues and responding to queries from regulators
• Partake in the development, maintenance and delivery of AML training material and e-learning modules globally
• Assess the risks underlying each line of business, ensure appropriate risk coverage and resolve ambiguity in the interpretation of policies affecting business practices
• Identify opportunities to use technology in improving AML/CDD controls and processes
• Drive risk management practices, including monitoring and evaluating adequacy of AML controls:
• Lead AML-related change management initiatives

Requirements

• Good understanding of the changes to regulatory requirements for AML / CFT, provide advisory and communicate the changes effectively with a view to establish processes and procedures that are compliant with the new regulations.
• Strong domain knowledge in AML and Sanctions and demonstrated experience in policy operationalisation globally, including ability to assess underlying AML risks in emerging products and business transactions.
• Possess a blend of analytical skills, problem solving and communication skills with an eye for details, and aptitude for change management.
• Ability to be customer centric without compromising on risk and controls.
• Aptitude for change management, meeting key focal outcomes such as effectiveness, efficiency, and productivity.
• University degree with at least 8 years of AML / KYC exposure and management experience.

-en

Skills Required