Associate / Senior Associate, Operations, Account Services, Instutional Banking Group

Overview

Business Function

Corporate and Investment 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

• Poses good knowledge about RBI KYC & SEBI  guideline and documentation of Corporate and individual accounts opening including BANK , NBFC and FIG customer.
• Adhere to the CDD RBI & SEBI circulars, CDD Standards & India LKYC guidelines towards scrutiny of Customer Due
• Diligence while Onboarding/ReKYC/Trigger BCAP
• Active engagement with internal /concurrent/QA audit teams.
• Co-ordinate/Follow up/ Track Audit issues and help to complete/close the same.
• Ensure all the audit issues are closed/completed within the agreed timelines.
• Ensuring Clean Audit report - Resolving issues in timely manner with satisfactory evidence and no overdue
• Name Screening & sanction alerts within TAT & also do periodic review of clients.
• Timely Closure of Batch & Sanction Alerts
• Qualitative Analysis of Batch Screening & timely submission of the same
• Periodic Review of Clients
• Advisory role for BU wrt KYC Queries Resolution
• Providing resolution regarding KYC/CDD related queries that the BU may have at the time of onboarding.
• Reducing in rework rate & TAT of account opening
• Regular Training RMs & Makers
• Review & modify processes for CDD Scrutiny in line with changes in regulatory processes
• Supporting CDD Centralization
• Training CDD Making Team with regards to the requirements of BCAP
• Help in creating repository for BU & CDD Checking team to refer wrt CDD.
• UATs for enhancements
• Should be well versed with Liability Products
• Should poses good Knowledge of FATCA/CRS guidelines
• Poses good knowledge of various defaulters database and their impact. e.g. RBI Caution list / Black list /Lexis Nexis
• Compliance and adherence of internal and external regulations
• Reviews a list of high-risk KYC processes and tracks the quality