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 DBS's 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

Assist in timely implementing the DBS Policy and Processes

Conduct thematic reviews on AML / CFT and other areas.

Improve AML policies and controls wherever required.

Track for closure of Audit issues and ensure non repeat.

Assist in GL, Nostro and other recons.

Assist in monitoring KRIs as part of governance and control.

Activley support in the RCSA activity as part of governance and control.

Job Duties & responsibilities

Assess IBU’s proficiency in complying with CDD/AML Policy of the Bank/Regulator

Monitor compliance with internal policies and external regulations

Identify control gaps and issues, and drive remediation efforts to strengthen the control environment

Conduct Thematic Reviews to identify & mitigate AML/Financial Crime Risk

Assist in investigating and resolving AML / KYC related issues

Maintain accurate records and update internal systems

Stay up-to-date with regulatory changes and industry trends

Engage key stakeholders to promote strong risk culture and ensure smooth implementation of governance and control initiatives

Improve Controls / Compliance for IBG India; embed risk culture within Team

Support monitoring other KRIs related to operational and credit risk.

Support in GLAO certification and daily Nostro reconciliation.

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

CA / MBA / Graduate with minimum 5 + years of relevant experience

Knowledge of financial markets and instruments (beneficial)

Core Competencies

Data driven and proficient in Microsoft Excel and PowerPoint

Critical thinking, analytical abilities & ability to independently drive activities

Attention to detail and accuracy

Effective written and verbal communication

Technical Competencies

Knowledge of IFSCA / RBI guideline on AML / KYC

Understanding of customer due diligence (CDD) and enhanced due diligence (EDD)

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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Schedule: Full-time

Travel: