Job Description

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. \xe2\x80\x8b

Responsibilities

This position requires the successful candidate to have a sound understanding of sanctions regulations in particular the OFAC, UN, EU and MAS Sanctions Regulations and be able to interpret and apply the requirements in different business segments across the jurisdictions where DBS operates. This is a Group position and the successful candidate is expected to actively support the Regional Head of Sanctions in managing sanctions risk across the various business and support units at Singapore and all DBS locations. The candidate must be confident and be able to interact with stakeholders of different seniority in providing advisory support to first-line and second line functions to uphold DBS\xe2\x80\x99 Economic Sanctions Standards. Candidates with experience in various institutional businesses (e.g. Treasury, Securities, Trade, Correspondent Bank, Digital Exchange etc.) will have an added advantage.

• Ability to interpret new sanctions developments and requirements from MAS, UN, OFAC and EU.
• Ensure consistent interpretation and implementation of Group Economic Sanctions Standards across Business Units/Support Units/DBS Locations.
• Analyse, assess and implement appropriate Group controls and standards where new sanctions typologies or risks are identified and is relevant to DBS footprint.
• Ability to understand sanctions related issues, offer practical solutions and advisory to address and mitigate sanctions risk independently.
• Support/Participate in sanctions related projects from time to time including Strategic Uplift.
• Define and ensure integrity of Sanctions lists in the payment and onboarding systems.
• Develop appropriate and relevant material and conduct sanctions training where required.
• Provide key updates on sanctions related matters to the respective business forums and committees.
• Work with relevant stakeholders to develop key metrics and dashboards to identify, measure and manage sanctions risk.
• Any other support as required by the Regional Head of Sanctions from time to time.

Requirements

• Bachelor Degree of a relevant field.
• Minimum 3 years of full-time relevant Sanctions advisory experience.
• Strong understanding of OFAC, EU, UN Sanctions and MAS Notice 626 / MAS Regulations on Sanctions.
• Good product knowledge and general understanding of the different business segments (Retail / Private Bank / Corporates / Treasury / Trade).
• Strong communication and written skills.
• Ability to handle stakeholders and work independently with minimal supervision.
• Possess good risk sense. Proactive in picking up and address issues identified with practical / reasonable solutions.
• Pleasant personality, great teamwork and good sense of accountability.
• Committed and Self-Driven.

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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 Bank