Job Description

Business FunctionGroup 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.ResponsibilitiesSanctions Investigation:

• To lead a small team of sanctions investigators and provide guidance (where necessary) in assessing the escalated payment and trade sanctions alerts ("transaction alerts") to release or reject in accordance with the Bank\'s Economic Sanctions Standards.
• Oversee the effectiveness of Group transaction alert handling process, including oversight on Level 1 Operations\' transaction sanctions alert handling process.
• Conduct training for Level 1 in the review of payment and trade sanctions alert handling process.
• Implement groupwide transaction alert handling process including guidance to the FCSS colleagues at other locations on assessment of these sanctions alerts, as and when required.
• Participate in initiatives to improve screening detection and process, including preparation of relevant transaction sanctions alerts or other sanctions metrics.

Sanctions Advisory:

• Participate in Group assessment, policy/process development and implementation of new sanctions requirements from MAS, OFAC, EU and the UN.
• Provide sanctions advisory to Singapore Retail Banking, Global Transaction Services, DBS Digital Exchange to ensure compliance with MAS, OFAC, EU, UN sanctions regulations.
• Analyze, assess and implement appropriate Group sanctions controls and standards for these business stakeholders.
• Review and support these stakeholders to mitigate sanctions risk in their new products proposal.
• Support the business stakeholders in addressing audit and regulatory inspections.
• Develop appropriate and relevant material and conduct sanctions training where required.
• Support ad-hoc projects/tasks/industry initiatives as and when required from time to time and relieve Sanctions Team Leads covering other businesses in their absence.

Requirements

• Sound interpretation and application of MAS, OFAC, EU and UN sanctions.
• Experience in handling and assessing payment and trade alerts at Compliance level.
• Analytical and ability to make risk decision.
• Ability to identify potential issues and address it timely with practical solutions and minimal supervision.
• Having managerial experience would be beneficial. Good leadership skill.
• Team player and ability to manage stakeholders of different seniority.
• Pro-active and keen to learn.

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

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