AVP, AML and Mule Risk Management, Transaction Surveillance

10 - 15 years

30 - 35 Lacs

Posted:2 months ago| Platform: Naukri logo

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Work from Office

Job Type

Full Time

Job Description

Job Purpose The AVP position is required to manage 11 new hires proposed to have effective Maker - Checker workflow on AML alerts managed by Transaction Surveillance Unit. The new head count is mandated by the Regulatory Guidelines to have 4-eye control over all AML alert closure. The Team Lead will be required to manage the new hires, as well as support IBG / Entity Mule Account Monitoring activities. These would include Shell Company Identification, EDD and KYC reviews, Suspect Mules identified by the internal or external trigger processes. The Team Lead will also be responsible for regulatory submissions emanating from the aforesaid work delivery. Additionally, the position will also be an aspirational role for the bottom pyramid within FCSS to grow within the department over time. The Team Lead is expected to provide strategic direction in management of the alerts (AML + Mule) as well as ensure operational compliance to regulations. The Team Lead would render subject matter expertise and leadership steer to the AML and Mule Monitoring framework of the bank. This would include project management, vendor management and as well as internal stakeholder management (Audit, BU, RMG). In matters arising from cases that need FIU / LEA engagement, the Team Lead will support the Head of FCSS in guiding and coaching the teams in the Bank for such interactions. Qualification / Skills Graduate/Post-Graduate with at least 10 years of work experience in the Financial Crime Risk Compliance Risk related control function experience Perpetual learner, continuously invests in self-development Analyze large volume of data points, identifying issues and recommend solutions Superior judgment, diplomacy, and tact, with a willingness to speak up amid adversity Strong analytical and problem-solving skills. Ability to multi-task and prioritize workload in a fast paced environment. Excellent communication skills and ability to build rapport with both internal and external stakeholders. Open to learning new skills and industry developments. Experience in Fraud and / or Risk Management will be an added advantage. Awareness of the Banking Products and client journey including complex structured transactions that have high value exchange of amounts The role will demand: Conducting continuous analysis of workload and manage the resources to maintain the TAT as per SLA Stringent norms to be applied to ensure maxim productivity from the team without compromising the quality Knack of identifying money laundering, mules, shell company risk through qualitative and quantitative assessment Ability to work on large thematic studies and representing the facts to the regulators for thematic study Propose filing of STRs and reviewing the case for reporting Liaise with the BU / SU over such thematic studies - while maintain confidentiality avoiding the tip-off risk Work closely with other units within FCSS for a collaborative financial crime risk across frauds / Money Laundering / Mules / CFT risks Advise and track control enhancements across Business Units emanating from the thematic studies and reported cases -en

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DBS Bank logo
DBS Bank

Banking and Financial Services

Singapore

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