Description

Business Function

Corporate Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Responsibilities

• To ensure IBG staff are in full compliance with internal operational & reputational risks, new product governance, regulatory and compliance related policies / standards, external regulations and industry's best practices.
• Preparing and facilitating risk & control self-assessment ("RCSA") and ensuring there are appropriate ratifications and follow up actions.
• Following up on issues and action plans arising from RCSA, Key Risk Indicators ("KRI") risk events, internal / external audits, and updating the relevant data bases.
• Ensuring timely completion of regulatory reports, thematic or compliance reviews assigned for them.
• Measuring and monitoring KRIs and issues so as to continuously improve control standards of IBG.
• Assisting in the preparation of management reporting (e.g. Operational Risk Profile, BCC reporting, POC reporting etc.) in a timely manner.
• Liaising with Compliance on various governance & controls related processes and monitoring, and following up on issues arising from them.
• KRIs collation, analysis, monitoring and reporting.
• Providing support to the projects / assignments / tasks / jobs under Operational Risk & Regulatory Compliance.
• Addressing enquiries from IBG or other units on regulatory compliance, new product governance, governance & controls related matters.
• Updating the procedures and operating manuals concerning Operational Risk & Regulatory Compliance.
• To support and assist the role and responsibility of AML Champion, UORM, NPA Champion, Risk Culture Champion, Fraud Monitoring Officer and Unit Personal Data Protection Officer, etc. which is currently held by the Governance & Controls Head.

Key Accountabilities

• Providing support to all units of IBG to ensure compliance with internal operational & reputational risks, new product governance, regulatory and compliance related policies / standards, external regulations and industry's best practices.
• Conducting compliance check / RCSA, documenting the testing / results and following up on ratification actions.
• Providing advisory support to IBG on issues relating to regulatory & compliance, risks and controls matters.
• Assisting in cleaning up exercise relating to regulations, audit or risk matters concerning IBG.
• Assisting in ad-hoc assignments relating to compliance, audit or risks.
• Coordinating, organizing and conducting trainings for operational risk, compliance and audit areas to promote control and compliance culture and knowledge amongst IBG staff.

Requirements

• University degree in Mathematics, Finance, or a business-related field.
• Minimum 8-10 years' relevant experience in the banking industry.
• Experienced in banking or financial compliance/regulatory areas or audit/accountancy.
• Knowledge of regulatory/statutory policies and industry best practices.
• Knowledge of banking internal control policies and procedures.
• In-depth knowledge of banking operations and financial products.
• Good analytical/problem-solving skills.
• Proficiency in the use of MS Office, including Excel and PowerPoint.
• Control, risk-oriented and customer service-oriented.
• Good communication and interpersonal skills.
• Relevant professional qualifications such as Associate Operational Risk Management (AORP), Associate Compliance Professional - General Compliance Stream (ACOP(GC)), or Certified Anti-Money Laundering Specialists (ACAMS), etc.

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.

Location:
One Island East

Job:
Compliance

Schedule:
Regular

Employee Status:
Full time