About the role
AI summarisedJoin DBS Private Banking to provide high-quality, personalized wealth management and financial solutions while independently managing Know Your Customer (KYC) periodic reviews and assessing Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) risks for high-net-worth clients.
BankingOnsite
Key Responsibilities
- Independently review and validate screening hits from public and internal databases.
- Identify and assess resulting ML/TF risks according to regulatory requirements and Group AML/CFT policy.
- Follow up with Front Office, FCSS Advisory, and other stakeholders regarding screening hits, escalating as necessary.
- Highlight deficiencies or suspicious AML/non-compliance issues to relevant parties and management.
- Prepare reports for management review to strengthen control procedures and processes.
- Handle Internal/External audit, compliance testing, and supervisory visits as required.
- Stay updated on global AML/CFT developments impacting due diligence for wealth clients.
Requirements
- Experience in AML/CFT compliance is essential.
- Proven ability to conduct independent risk assessments on client profiles.
- Strong understanding of regulatory requirements pertaining to wealth management clients.
- Excellent communication skills for liaising with various internal stakeholders.
- Ability to manage and escalate compliance issues appropriately.