Job Purpose:
The KYC Specialist provides customer due diligence (CDD) advice and partners with Front Office to deliver risk-proportionate KYC onboarding and reviews, from initial assessment to approval. The role works closely with Group Compliance on AML/KYC policies, procedures and client risk profiling.
Responsibilities:
- Partner with Front Office to apply a risk-proportionate approach to KYC onboarding and reviews, in line with the Bank’s AML/KYC standards and regulatory requirements.
- Conduct independent, risk-proportionate source of wealth (SOW) due diligence, including corroboration and risk assessment, in line with regulatory and Group AML/CFT requirements.
- Coordinate with Front Office and other stakeholders to resolve CDD queries and progress escalated or prioritised cases.
- Assess the relevance and completeness of CDD information and conduct due diligence checks and information searches to meet the Bank’s standards.
- Escalate CDD deficiencies, suspicious activity and other compliance concerns to relevant stakeholders and management.
- Train Front Office on client documentation and KYC requirements.
- Support process improvement projects, industry initiatives and internal and external audits.
- Stay current on global AML/CFT developments affecting wealth client due diligence and ensure adherence to applicable controls and processes.
Requirements:
- Bachelor’s degree with at least 5–7 years’ experience in KYC/AML, risk or controls, preferably in wealth management.
- Sound knowledge of wealth management KYC/AML requirements, including MAS Notice 626 and source of wealth due diligence.
- Relevant AML qualifications, such as Certified Anti-Money Laundering Specialist (CAMS) or an International Association Diploma in Anti-Money Laundering, are an advantage.
- Client-centric judgement that balances business needs with effective, risk-proportionate controls.
- Strong interpersonal skills to build effective relationships with Front Office stakeholders.
- Ability to deliver high-quality work under tight deadlines and expedite client onboarding without compromising regulatory compliance.
Location:
DBS Asia Central
Job:
Compliance
Schedule:
Regular
Employee Status:
Full time
