AVP/Senior Associate, FCSS Sanctions Advisory, Group Legal, Compliance & Secretariat Permanent NEW

Business Function

Group Legal, Compliance & Secretariat ensures that the bank’s 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.
Responsibilities

This 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.

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We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.