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Job Location | Singapore |
Education | Not Mentioned |
Salary | Not Disclosed |
Industry | Banking / Financial Services |
Functional Area | Not Mentioned |
EmploymentType | Full-time |
Business FunctionGroup Legal, Compliance & Secretariat ensures that the banks 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.ResponsibilitiesThis position requires the successful candidate to have a sound understanding of sanctions regulations in particular the OFAC, UN, EU and MAS Sanctions Regulations and be able to interpret and apply the requirements in different business segments across the jurisdictions where DBS operates. This is a Group position and the successful candidate is expected to actively support the Sanctions Advisory Team in managing sanctions risk across the various business and support units at Singapore and all DBS locations. The candidate must be confident and be able to interact with stakeholders of different seniority in providing advisory support to first-line and second line functions to uphold DBS Economic Sanctions Standards. Candidates with experience in various institutional businesses (e.g. Treasury, Securities, Trade, Correspondent Bank etc.) will have an added advantage.1. Ensure consistent interpretation and implementation of Group Economic Sanctions Standards across Business Units (BU)/Support Units (SU)/DBS Locations. 2. Provide relevant technical expertise in interpreting sanctions related issues and offer practical solutions and advisory support to address and mitigate sanctions risk for the BUSU and Locations.3. Provide group advisory support and oversight to the compliance colleagues at other DBS locations for a consistent interpretation and implementation of controls and processes.4. Assess the sanctions review performed/escalated by SG BUs to ensure the risks have been properly addressed with appropriate mitigations. 5. Ability to identify potential issues and address it timely with minimal supervision.6. Support/Participate in sanctions related projects from time to time including Strategic Uplift.7. Support line manager in addressing Audit and Regulatory queries.8. Develop appropriate and relevant material and conduct sanctions training where required.9. Preparation/Submission of monthly/quarterly sanctions key metrics reporting and provide relevant updates to stakeholders as appropriate.10. To support the review of payment and trade alerts if the need arises.11. Any other support as required from time to time from the line manager.Requirements- Bachelor Degree of a relevant field.- Minimum 5 years of AML &/or Sanctions experience involving in areas such as CDD / Transaction Monitoring / Sanction Screening / Sanctions Advisory / Client Risk Review.- Good working knowledge on the different business segments (Retail / Corporates / Private Bank).- Extensive understanding of MAS Notice 626.- Certification as an AML specialist (e.g Diploma in AML) with a recognized institution.- Strong communication and written skills. - Understanding / exposure of AML frameworks across Asia and the MAS/OFAC sanctions regulations will be an advantage. - Exhibit timeliness, responsibility and is dependable in all work assigned.- Ability to work well in a team and with minimum supervision.Apply NowWe offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The banks capital position, as well as AA- and Aa1 credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named Asias Best Bank by The Banker, a member of the Financial Times group, and Best Bank in Asia-Pacific by Global Finance. The bank has also been named Safest Bank in Asia by Global Finance for seven consecutive years from 2009 to 2015.