VP, AML Compliance, COO Institutional Banking Group Job at DBS Bank Ltd, Remote

  • DBS Bank Ltd
  • Remote

Job Description

Responsibilities Reporting to the Team Lead of AML Compliance under AML Compliance and Assurance, Risk & Control Team, COO Office of Institutional Banking Group, to ensure Corporate Banking (IBG) staff are in full compliance with internal AML risk and compliance policies / standards, external regulations and industry’s best practices.
  • As an AML Champion, answering enquiries from IBG colleagues, or assisting frontline on AML/CFT related enquiries
  • Providing country feedbacks to the revisions to local and Group AML/CFT CDD standards and AML/CFT systems
  • Updating the AML procedures and guidelines within IBG, enhancement of KYC System concerning governance & controls matters
  • Assisting in formulating internal workflow and recommendations for improvement with the relevant stakeholders related to AML/CFT updated policies and/or risk controls
  • Reviewing, analyzing and communicating AML/CFT management information, and Reporting results of AML/CFT risk management reviews and identifying key areas of improvement
  • Liaising with FCSS and Compliance with KYC process and AML monitoring
  • Monitoring remedial actions for the identified deficiency in AML/CFT and risk controls that require remediation actions
  • Evaluating and communicating new laws and regulations and staying abreast of the AML/CFT regulations, development, and industry practice, at both local and international levels
  • Measuring and monitoring key risk indicators and issues to continuously improve AML control standards of IBG, and to report analysis and/or insight into the trend
  • Preparing and facilitating risk & control self-assessment (“RCSA”) and ensuring there are appropriate rectifications and follow up actions
Requirements
  • University degree in Law, Banking, Finance or business related
  • Minimum 8 years’ relevant experience in banking industry, preferably AML/CDD/KYC related experience
  • Sound knowledge of regulatory / statutory policies and industry best practices. Professional qualification (e.g. ACAMS) is an advantage
  • Excellent analytical and problem-solving skills
  • Excellent organizational and time management skills
  • Strong communication and interpersonal skills
  • Proven track record in frontline and risk and governance roles
  • Proficiency in the use of data analytics and AI application
Location:

One Island East

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time

Job Tags

Full time, Bank staff, Work at office, Local area

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