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10 DBS Bank Senior Associate Jobs

Senior Associate, Mule Investigations, Legal, Compliance & Secretariat

3-5 years

Mumbai

1 vacancy

Senior Associate, Mule Investigations, Legal, Compliance & Secretariat

DBS Bank

posted 22d ago

Job Description

Business Function:

Legal, Compliance & Secretariat ensures that the banks 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:

We are seeking a highly motivated and detail-oriented Money Mule Detection Specialist to join our dynamic Financial Crime Management team. The successful candidate will play a crucial role in identifying and preventing money mule activity within DBS Bank, protecting our customers and the banks reputation. This involves using advanced analytical techniques, innovative technologies, and a deep understanding of mule behavioural patterns to detect suspicious activity early in the process. This is a critical role requiring a proactive and collaborative approach.

  • Expedite regulatory reporting for all mule cases identified
  • Continuously work on money mule detection mechanism including automation of BAU processes, system upgradation, data analytical skills upgradation.
  • Work closely with internal stakeholders managing core AML /KYC/Fraud related matters
  • Work closely with other stakeholders including operations (CCTR), business for queries related on the subject matter
  • Monitor and analyse transaction data in real-time or near real-time to identify suspicious patterns indicative of money mule activity.
  • Investigate suspicious activities flagged by the detection systems, conducting thorough due diligence, and leveraging various data sources to determine the likelihood of money mule involvement.
  • Collaborate with other departments, including compliance, investigations, and operations, to share information and coordinate responses to identified money mule activity.
  • Stay up to date on emerging money laundering techniques, technologies, and regulatory requirements relevant to money mule detection.
  • Maintain comprehensive documentation of investigations, findings, and actions taken.
  • Contribute to the continuous improvement of the banks money mule detection capabilities by identifying gaps and proposing solutions.
  • Contribute to the development of effective preventative measures to deter money mules.
  • Prepare reports and presentations summarizing findings and recommendations to management.
  • Ensure compliance to all policies and procedures laid down by the bank

Requirements:


  • 3-5 years of experience in AML / KYC/ Compliance / Fraud monitoring, Good analytical and communication skills

  • Education/Preferred Qualifications
  • Strong analytical and decision-making / problem-solving skills with the ability to identify patterns and anomalies in large datasets., in depth understanding of AML and Fraud risks, knowledge of KYC and Customer Due Diligence, Project management, Effective communication skills, Industry connect.
  • Strong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS PowerPoint. Qualification in a related field (e.g., finance, accounting, computer science, data analytics).Able to work closely with team members within FCSS & Legal Compliance unit
    Ability to work closely with stakeholders including business, operations, and other units t
  • To manage risks emanating from AML/KYC and more specifically mules.
    Ability to communicate effectively and should possess good presentation skills
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Knowledge of relevant financial regulations and compliance requirements is essential.
  • Experience with AML/KYC systems and processes is preferred.
  • Strong attention to detail and accuracy.

Apply Now:

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


Employment Type: Full Time, Permanent

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What Senior Associate at DBS Bank are saying

3.7
 Rating based on 96 Senior Associate reviews

Likes

Dbs culture enables learning and career development . Good for freshers and even experienced people.

  • Salary - Good
  • +5 more
Dislikes

Highly location centric and only particular communities people all over the bank and need more diversification.

Read 96 Senior Associate reviews

Senior Associate salary at DBS Bank

reported by 828 employees with 5-16 years exp.
₹13 L/yr - ₹40.1 L/yr
180% more than the average Senior 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
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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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