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DBS Bank

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2 DBS Bank Associate Jobs

Associate, Governance & Control, IFSC Banking Unit, Gift City

5-13 years

₹ 8 - 20L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Mumbai, New Delhi, Hyderabad / Secunderabad + 5 more

1 vacancy

Associate, Governance & Control, IFSC Banking Unit, Gift City

DBS Bank

posted 1mon ago

Job Role Insights

Flexible timing

Job Description

Business Function

DBS Bank Limited IBU, is the IFSC Banking Unit of DBS Bank Limited located at GIFT City, Gandhinagar. DBS Bank Ltd is a leading financial services group in Asia with a strong global presence. The IBU plays a key role in DBSs regional expansion strategy, offering a range of trade finance, loan and T&M products to our valued clients.

Job Purpose

To Assist IBU COO in implementing the DBS Policy and Processes with an aim of ensuring a sound Risk and Control environment.

Key Accountabilities

  1. Assist in timely implementing the DBS Policy and Processes
  2. Conduct thematic reviews on AML / CFT and other areas.
  3. Improve AML policies and controls wherever required.
  4. Track for closure of Audit issues and ensure non repeat.
  5. Assist in GL, Nostro and other recons.
  6. Assist in monitoring KRIs as part of governance and control.
  7. Activley support in the RCSA activity as part of governance and control.

Job Duties & responsibilities

  1. Assess IBU s proficiency in complying with CDD/AML Policy of the Bank/Regulator
  2. Monitor compliance with internal policies and external regulations
  3. Identify control gaps and issues, and drive remediation efforts to strengthen the control environment
  4. Conduct Thematic Reviews to identify & mitigate AML/Financial Crime Risk
  5. Assist in investigating and resolving AML / KYC related issues
  6. Maintain accurate records and update internal systems
  7. Stay up-to-date with regulatory changes and industry trends
  8. Engage key stakeholders to promote strong risk culture and ensure smooth implementation of governance and control initiatives
  9. Improve Controls / Compliance for IBG India; embed risk culture within Team
  10. Support monitoring other KRIs related to operational and credit risk.
  11. Support in GLAO certification and daily Nostro reconciliation.
  12. Support various audit submission including IFSCA, Group and Concurrent audits

Required Experience

Minimum 5 years of relevant experience in Institutional / Wholesale / Corporate Banking and Or AML / KYC

Education / Preferred Qualifications

  1. CA / MBA / Graduate with minimum 5 + years of relevant experience
  2. Knowledge of financial markets and instruments (beneficial)

Core Competencies

  1. Data driven and proficient in Microsoft Excel and PowerPoint
  2. Critical thinking, analytical abilities & ability to independently drive activities
  3. Attention to detail and accuracy
  4. Effective written and verbal communication

Technical Competencies

  1. Knowledge of IFSCA / RBI guideline on AML / KYC
  2. Understanding of customer due diligence (CDD) and enhanced due diligence (EDD)
  3. Awareness of Industry trends and emerging risk

DBS India - Culture & Behaviors

DBS is committed to building a culture where all employees are valued, respected and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Expected value driven behaviors are:

  • Demonstrate Business Performance through PRIDE 2.0 Value Based Propositions
  • Ensure Customer Focus by Delighting Customers & Reduce Complaints
  • Build Pride and Passion to Protect, Maintain and Enhance DBS Reputation
  • Enhance Self Knowledge, Skills and develop Competencies aimed at continuous improvement.
  • Maintain the Highest Standards of Honesty and Integrity.

-en


Employment Type: Full Time, Permanent

Read full job description

DBS Bank Interview Questions & Tips

Prepare for DBS Bank Associate roles with real interview advice

Top DBS Bank Associate Interview Questions

Q1. How to implement REST API (steps)?
Q2. what is n+1 issue in hybernate ?
Q3. write small code using @OneToMany and @ManyToOne ?
View all 14 questions

What Associate at DBS Bank are saying

3.7
 Rating based on 114 Associate reviews

Likes

For a fresher this is the best company, but moving onto next few years after will be challenging to cope up with DBS work culture.

  • Salary - Good
  • +1 more
Dislikes

Doesn't give enough time for a developer, will be hard to deliver quality products. Also we stick up with same project when we start and will be very difficult to switch between projects as managers doesn't let you go or want to give up you from the project

  • Skill development - Poor
  • +2 more
Read 114 Associate reviews

Associate salary at DBS Bank

reported by 927 employees with 1-13 years exp.
₹10 L/yr - ₹30 L/yr
142% more than the average Associate Salary in India
View more details

What DBS Bank employees are saying about work life

based on 1.9k employees
55%
51%
51%
99%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

DBS Bank Benefits

Health Insurance
Free Transport
Job Training
Work From Home
Soft Skill Training
Cafeteria +6 more
View more benefits

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DBS Bank Mumbai Office Location

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Mumbai Office
Headquarter
DBS Bank India, Near Bank of India, Opp. Khadi Bhawan, Fort House, 3rd Floor, 221, Dr. D.N. Road, Borabazar Precinct, Church Gate, Fort Mumbai
Maharashtra 400001

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