Senior Associate, Transaction Surveillance Unit, Group Compliance

Posted 6 Days Ago
Be an Early Applicant
Central Singapore, SGP
In-Office
Senior level
Fintech • Information Technology • Software • Financial Services
The Role
Investigate and assess alerts for potential money laundering, monitor suspicious transactions, prepare and file Suspicious Transaction Reports, liaise with business and compliance units, support surveillance projects, provide data and audit extracts, and mentor team members to meet KPIs.
Summary Generated by Built In

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

  • Investigate and assess alerts for potential money laundering risk in the Bank.

  • Ensure efficient identification and monitoring of suspicious activities and transactions,
    and timely escalation to respective parties where appropriate.

  • Preparing, reviewing, and/or filing Suspicious Transaction Reports (STRs) and ensure
    timely reporting of suspicious transactions to the authorities.

  • Assist with money laundering related queries or escalation received from business
    units.

  • Liaise with other compliance units and businesses regarding surveillance issues.

  • Participate and assist in transaction surveillance projects.

  • Undertake other ad-hoc duties as and when required, e.g. provide statistics and
    ensure accuracy of data, extract of documents for audit review.

  • Maintain a current understanding of money laundering and terrorist financing issues,
    including policies, procedures, regulations, industry best practices, criminal typologies
    and developing trends.

  • Support Team Leaders/Managers to ensure success and positive outcomes for the team, including (but not limited to) meeting of Team KPI/targets; and providing guidance/mentorship to team members

Requirements

  • Background in Institutional Banking experience

  • Degree in any related field.

  • Relevant compliance, risk management or operations experience

  • Basic computer knowledge (Word, Excel) is essential.

  • Have an eye for details and with good analytical, communication and written skills

  • Able to work in a fast-paced environment, and resourceful.

Location:

DBS Asia Central

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time

Skills Required

  • Background in institutional banking experience
  • Degree in any related field
  • Relevant compliance, risk management or operations experience
  • Basic computer knowledge (Word, Excel)
  • Strong attention to detail with good analytical, communication and written skills
  • Able to work in a fast-paced environment and resourceful
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The Company
41,000 Employees
Year Founded: 1968

What We Do

DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It provides a full range of consumer, SME, and corporate banking services. The bank is recognized for its digital innovation, having been named 'World's Best Digital Bank' and 'World's Best Bank' by various publications. It also operates the DBS Foundation, which supports social enterprises and community initiatives, reflecting its commitment to creating impact beyond traditional banking.

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