Associate, KYC, Institutional Banking Group

Business Function

Corporate and Investment Banking 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.

Key Accountabilities

• Assist the Relationship Managers to manage all KYC & loan related administrative tasks.
• Assist the IBG BM Team Head to deliver on strategic initiatives (e.g. projects, process refinement).
• Ensure data quality across the portfolio.
• Compliance with head office policies and procedures, and all prevailing regulatory requirements.

Job Duties & Responsibilities

• Responsible for completion of initial and periodic customer due diligence activities (including trigger event reviews), and static information updates.
• Responsible for ensuring that KYC documentation throughout the client lifecycle is maintained to comply with internal and external regulatory requirements.
• Liaise with customers & Relationship Managers to obtain KYC information.
• Handle and resolve customer enquiries relating to KYC.
• Disposition of all name screening alerts, as required.
• Maintaining an up to date understanding of all AML / CTF related requirements.
• Work closely with customers and internal functions (including operations) to facilitate customers' banking transactions such as loan, trade finance, and payment & collections.
• Work closely with AU Compliance to support compliance related initiatives and tasks relating to the IBG customer portfolio and transactions.
• Work closely with the IBG BM Team Head to deliver on strategic priorities.

Requirements

• Minimum 2 years of relevant corporate banking experience.
• Bachelor’s Degree with relevant banking & finance experience is required.
• Prior knowledge of KYC/AML aspect of banking business.
• The individual should be self-motivated and have an ability to work independently or in teams.
• Ability to multi-task and prioritize often conflicting demands.
• Sound interpersonal & communication skills.
• Strong attention to detail.