AVP, Front Office Onboarding Specialist, Private Banking, Consumer Banking Group
Job Description
Responsibilities
DBS Asia Central
Job:
Operations
Schedule:
Regular
Employee Status:
Full time
- KYC and Compliance:
- Facilitate the end-to-end client onboarding process, from prospect onboarding advisory to account opening
- Assess client / case profile and guide Front Office to obtain the required corroboration and information
- Partner RM in KYC write-up, identify areas of clarifications and ensure adequate follow-up with clients and closure prior to KYC submission
- Conduct joint discussions with Front Office and KYC team to facilitate case decisions
- Perform risk assessments
- Assist in documentation related reworks to facilitate the account opening process
- Assist in periodic reviews of client accounts to maintain ongoing compliance.
- Keep updated on KYC/AML regulations and ensure adherence to local and international laws.
- Collaboration and Communication:
- Share best KYC practices through huddles with various market regions and teams to improve quality
- Improve collaboration between units to facilitate the account opening process
- Liaise with Front Office, compliance teams, and other stakeholders to resolve gaps or discrepancies.
- Provide advice and guidance to internal teams on regulatory requirements and best practices.
- Data Management and Reporting:
- Analyse data to track progress and efficiency of onboarding progress, risk trends, and KYC issues
- Process Improvement:
- Identify inefficiencies in the onboarding process and propose enhancements if any
- Bachelor's degree in Finance, Business, Law, or a related field
- At least 7-10 years of experience in KYC, AML and/or client onboarding in private banking or financial services.
- Strong knowledge of regulatory frameworks (e.g., FATCA, CRS, MAS guidelines).
- Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti Money Laundering would be an advantage.
- Detail-oriented with excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills to collaborate effectively with Front Office and diverse stakeholders
- Familiarity with KYC software, databases, and banking systems. Proficient in Excel and Tableau preferred
DBS Asia Central
Job:
Operations
Schedule:
Regular
Employee Status:
Full time
More Info
Key Skills
About Company
Skills:
Vba, Excel, Settlements, AI tools, OTC derivatives, Reconciliation, Trade Processing, confirmations
AVP, L2 Production Support Engineering, Institutional Banking Group Technology, Group TechnologyDbs Bank
Skills:
Unix, Monitoring Tools, Grafana, shell scripting, Openshift, Websphere, automation, Oracle, middleware, Python, Mq, Mariadb, Geneos, Jenkins, Appdynamics, Linux, Ansible, Dynatrace, Splunk, Kubernetes, DevOps tooling, infrastructure automation, SQL databases, CI CD pipelines, messaging technologies
Skills:
Swift, SSI management, Treasury Operations, Banking Operations, Operational Risk, Payment workflow design, Cash Management, Payments, Payment controls, Callback procedures, Client onboarding, Wire processing, ISO 20022
Skills:
Suspicious Transaction Report (STR) filing, Aml, risk assessments, risk ratings, Due Diligence, account risk decisions, gap assessments, APAC Wealth Management KYC initiatives, CDD, Financial Security advisory, SOW corroboration, adverse media sanctions, KYC audits, risk committee reviews, CFT, high-risk client monitoring, KYC reviews, reporting and recertification tracking, PEP-related concerns
Skills:
Aml, system enhancement testing, Singapore regulatory requirements, standard operating procedure updates, CFT frameworks, Process Optimization, Wealth Management, client due diligence, client onboarding