Vp, Financial Crime Advisory, Dbs Australia

Campus Recruitment Lead & Talent Acquisition Specialist at DBS Bank DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS Bank has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. We have been recognised for our leadership globally, having been named "World's Best Bank" by Euromoney in… and previously "Global Bank of the Year" by The Banker and "Best Bank in the World" by Global Finance. We have been accorded the "Safest Bank in Asia" award by Global Finance for 12 consecutive years from… to… We are also at the forefront of leveraging digital technology to shape the future of banking, having been named "World's Best Digital Bank" for… by Euromoney. DBS Bank Ltd opened its Australia Branch in Sydney in June and with the branch, DBS is well positioned to support business and investment flows between Australia and Asia, while providing insight and connectivity into our core markets. DBS Bank Ltd., Australia Branch (DBS Australia) is regulated by Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC) and Australian Transaction Reports and Analysis Centre (AUSTRAC). The branch offers a wide range of products and services, through our teams in Institutional Banking Group, Global Transaction Services, Treasury & Markets, and Project Finance. Business Function DBS Australia Legal & Compliance ensure that the bank's 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. Job Purpose Work closely with the senior management, and business partners in Australia but they will also be working with counterparts and business partners regionally outside Australia where warranted. Actively support the Head of Legal & Compliance in managing compliance, AML, sanctions and financial crime risks across the various business and support units at the Australia Branch. Manage and work with a junior Compliance Officer to manage compliance, AML, sanctions and financial crime risks across the various business and support units at the Australia Branch. Key Accountabilities Provide sound and responsive advice and support on current and developments of key laws and regulations to support the businesses of the bank. Responsible for relevant policies and frameworks to be implemented including gap and impact analysis. Ensure appropriate procedures and guidance are developed to allow compliance and regulatory risk matters, including licensing matters, and deliverables to be managed effectively, on a daily basis. Review documentation and materials to ensure adherence to regulatory requirements, liaising and resolving any such issues. Maintain regulatory relationships and have excellent knowledge of regulators and the ability to engage with them where necessary. Financial Accountabilities Manage expenses within budget. Leadership Accountabilities Help to develop and coach junior members within the team. Job Duties & Responsibilities Provide sound and timely assistance and advice on regulatory and compliance requirements and matters with the objective of protecting the Branch against potential risks. Have excellent understanding of and regularly maintain close watch on AML / CTF, sanctions and financial crime regulations and issues. Keep abreast of regulatory developments, assess business impacts and develop, review and implement required framework, processes and tools to comply with new / revised regulatory requirements. Design and lead compliance programme, policies, standards and regulations. Lead and conduct compliance reviews and risk assessments of business areas and perform regular monitoring and testing to ensure compliance with regulatory and licensing requirements. Design and lead execution of the transaction monitoring program to ensure the required screening processes comply with the applicable requirements. Design and implement tools to mitigate regulatory and compliance risks. Continued appreciation of the risk profile of the Branch and preventing / resolving regulatory breaches. Monitor business activities against the Branch's licences and authorisations and advise where any new product, service or activity may require additional licensing or authorisation and assist with the application for such licensing or authorisation as necessary. Work closely with business partners on audit issues. Undertake regulatory reporting and provide advisory on these requirements. Develop and provide training on compliance topics including AML / CTF, sanctions and financial crime. Build ongoing relationships with the business and raise compliance maturity and awareness. Act as a subject matter expert in local regulatory requirements and Group policies. Experience Minimum 7 - 10 years' working experience in the Compliance function in wholesale banking. Degree qualified in finance or related discipline with a demonstration of continued professional development in compliance, AML, sanctions and financial crime areas. Degree qualified in law is an advantage. Seniority level Mid-Senior level Employment type Full-time Job function Legal and Finance #J-18808-Ljbffr