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

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.

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