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.

Responsibilities

This position requires the successful candidate to have a sound understanding of AML/CFT regulations and apply the AML/CFT requirements in relation to the Institutional Banking Group (IBG) business unit. The successful candidate is expected to actively interact with management, business, operations and other stakeholders in providing advisory support to first line and second line functions to uphold DBS' AML/CFT Standards across all DBS locations. The candidate must be confident and be able to interact with stakeholders of varying seniority. The successful candidate would also be presented with opportunities to run and participate in IBG/LCS projects and attend governance committees. Candidates with experience in various institutional business (e.g. Digital Assets/Crypto Trading, Treasury & Markets, Capital Markets, Trust, etc.) will have an added advantage .

• Manage the annual refresh of Group Policies and Standards relating to AML/CFT
• Ensure consistent interpretation and implementation of AML/CFT Standards across Business Units/Support Units/DBS Locations.
• As the subject matter expert, provide relevant technical expertise in interpreting AML/CFT related issues and offer practical solutions and advisory support to address and mitigate AML/CFT risk.
• Provide advisory on New Products Approval reviews relating to IBG
• Assist in providing responses to queries from the MAS, internal audit and external auditors.
• Participate in and provide key updates on AML/CFT related matters to the respective business/support unit governance committees
• Provide advisory on industry wide initiatives such as ACIP and support IBG initiatives
• Provide group advisory support and oversight to the compliance colleagues at other DBS locations for a consistent interpretation and implementation of controls and processes.
• Lead/Participate in enterprise wide AML/CFT projects from time to time.
• Assist in organizing AML committee meeting and prepare regular AML reporting when required.
• Address potential issues holistically and timely with minimal supervision.
• Any other support as required by the Head of IBG AML Advisory from time to time.

Requirements

• Bachelor's Degree in a relevant field
• Minimum 8 years of AML/CFT experience, preferably in the AML/CFT compliance advisory function of a corporate bank
• Strong working knowledge with relevant experience in institutional banking
• Good understanding and proficient with MAS regulations on AML/CFT
• Strong communication and written skills
• Pleasant personality, great teamwork and good sense of accountability
• Committed and self-driven.

Apply now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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