Risk Compliance Specialist

2 days ago


Singapore DBS Bank Limited Full time
Job Summary

This role is responsible for managing Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) risks within the Private Banking division. The successful candidate will have a strong understanding of AML/CFT regulations and best practices, as well as experience conducting thorough Customer Due Diligence (CDD) reviews.

Key Responsibilities
  • Perform CDD reviews for new client on-boarding, ongoing periodic reviews, and material transactions such as termination, asset injection, distribution, etc.
  • Assist the BMS Manager in his/her role as AML Champion for the Private Trust business in managing AML/CFT Compliance matters.
  • Monitor and track that all risk and compliance issues and audit points are resolved and completed on a timely basis.
  • Support initiatives in areas of regulatory compliance, systems enhancements, and processes improvements to increase efficiencies and reduce risk within the Private Trust team.
Requirements
  • Degree Holder in Finance or Business with 3-5 years of proven experience in AML/CFT compliance, ideally within the financial services industry.
  • A strong understanding of AML/CFT regulations and best practices.
  • Experience conducting thorough CDD reviews for complex clients and transactions.
  • Ability to identify and assess high-risk clients, including Politically Exposed Persons (PEPs).
  • Experience with reporting and investigating suspicious activity.
  • Familiarity with FATCA, PDPA, and other relevant regulations.
  • Excellent analytical and problem-solving skills to identify and mitigate risks.
  • Strong written and verbal communication skills to clearly articulate findings and recommendations.
  • Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.
  • Ability to work independently and as part of a team, managing multiple priorities effectively.


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