Senior Associate/Associate, KYC Specialist, Financial Institutions, COO, Institutional Banking Group

2 weeks ago

Singapore DBS Bank Limited Full time $90,000 - $120,000 per year
Business Function

The Institutional Banking Group ("IBG") provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

The role sits within Customer Onboarding and Review ("CORE") team under the COO Office in IBG. The CORE team is a centralized specialist team established to scale independent, quality and effective management of money laundering / terrorist financing risks during onboarding and Customer Due Diligence ("CDD") reviews. Y ou will work closely with the Front Office, compliance and operations to provide a smooth onboarding process while safeguarding the bank from financial and reputational risks.

Responsibilities
  • Perform end-to-end KYC review on both prospects and existing customers within the Financial Institution segment, such as banks, asset managers, funds, securities exchanges and insurance companies.
  • Assess complex legal structures to identify beneficial ownership.
  • Escalate potential risk concerns promptly and exercise sound judgement in making risk-based decisions where appropriate.
  • Maintain accurate and complete client records in internal systems, ensuring audit-readiness and adherence to KYC quality standard.
  • Collaborate closely with front office and compliance to resolve documentation gaps, risk concerns and AML/KYC queries.
  • Support periodic review, trigger event reviews and remediation reviews/ projects.
  • Work directly (or through the Relationship Managers) with prospects and existing customers for timely onboarding and prompt completion of reviews
  • Contribute to process improvements and control enhancement, helping drive efficiency and consistency.
Requirements
  • Bachelor's degree with at least 3 years of relevant working experience, preferably with experience in both onboarding and review of corporate / financial institution customers in the banking industry.
  • Strong understanding of AML/KYC regulatory requirement and frameworks (MAS, FATF regulations)
  • Strong communication and interpersonal skills to collaborate effectively with Front Office and diverse stakeholders
  • Detail-oriented with excellent analytical and problem-solving skills.
  • Comfortable working in a fast-paced, deadline driven environment
  • Proactive, independent and able to exercise sound judgment on risk matters,
  • Experience in reviewing fund structures is an added plus

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