Risk Control Specialist

1 month ago


Singapore DBS Bank Full time

Job Overview


We are seeking a highly skilled Risk Control Specialist to join our Consumer Banking Group in Singapore. This role will be responsible for conducting quality control reviews on customer due diligence (CDD) conducted by relationship managers and KYC teams.


About the Role



  • Conduct thorough reviews of CDD records to ensure compliance with regulatory requirements and internal policies
  • Perform source of wealth due diligence and corroboration to verify the plausibility of customers' wealth
  • Stay up-to-date with evolving industry standards and regulatory developments, and share knowledge with relevant stakeholders
  • Collaborate with Group Legal and Compliance and Front Office to clarify risk judgments and mitigate measures as needed
  • Prepare regular reporting to governance committees and escalate potential risks identified during quality assurance reviews to senior management

Requirements



  • Bachelor's degree with minimum 5 years of experience in KYC/AML, risk or controls functions, preferably in Private Banking
  • Strong understanding of financial sector and familiarity with regulatory requirements pertaining to KYC/AML
  • Expertise in performing source of wealth due diligence, with experience corroborating source of wealth on high net worth customers an advantage
  • Ability to balance business needs with controls while maintaining a client-centric approach
  • Exceptional analytical skills to identify discrepancies and potential risks in KYC records, with strong communication and interpersonal skills
  • Experience working in fast-paced environments and ability to be resourceful in problem-solving

What We Offer


A competitive salary range of SGD $120,000 - SGD $180,000 per annum, depending on experience, plus benefits and professional development opportunities in a dynamic environment that supports your growth and recognises your achievements.



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