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Private Banking Leader

1 week ago


Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

Company Overview

DBS Bank (Hong Kong) Limited is a leading financial institution in Asia, offering a range of banking and wealth management services. Our Private Banking team provides personalized banking solutions to high net worth individuals, focusing on building long-term relationships and delivering exceptional customer experience.

About the Role

We are seeking an experienced Senior Manager to lead our Know Your Customer (KYC) function. As a key member of our team, you will be responsible for planning, directing and supervising KYC/AML activities associated with new account opening, periodic CDD reviews, trigger event reviews and name screening. You will also plan and implement KYC/AML related projects and/or process improvement initiatives to improve risk control and account opening turnaround time.

Key Responsibilities

  • Lead a team of circa 50 KYC staff supporting Private Bank's CDD process, reporting to HK WM COO.
  • Plan, direct and supervise KYC/AML activities associated with new account opening, periodic CDD reviews, trigger event reviews and name screening in full compliance with internal policy and regulatory requirements.
  • Plan and implement KYC/AML related projects and/or process improvement initiatives to improve risk control and account opening turnaround time.
  • Support internal audits, FCSS reviews, and/or regulatory inspections.
  • Collaborate with regional KYC team to align standards and implementation of regional initiatives.
  • Act as KYC/AML Champion for HK WM, and be the primary interface with Front Office, WMO, Internal Audit, FCSS and other Risk & Control functions on KYC/AML matters.
  • Represent WM on various governance forums including Business Risk Committee, Operational Risk Committee, Business Control Committee and Anti-Money Laundering Oversight Committee etc.
  • Oversight on KYC metrics to determine trends and follow ups.
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Requirements

  • Strong KYC/AML expertise in Private Banking or Wealth Management.
  • Minimum of 15 years of experience in banking industry, at least 8 years in Private Banking or Wealth Management and as a people manager.
  • Possess critical thinking and able to review, analyze client's risk profile to ascertain onboarding risks and if within bank's risk appetite.
  • Able to uplift CDD operating processes, reduced account opening turnaround time whilst ensuring KYC risks are duly considered.
  • Broad knowledge of Asia's rules and regulations, with focus on KYC/AML.
  • Ability to operate at holistic level and yet detail oriented and demonstrate independence in thinking.
  • Proven track record in leading the team to initiate and implement strategic initiatives for KYC quality uplift and process improvements.
  • Excellent critical thinking and analysis skills, problem solving capacities.
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Benefits

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Working with Us

We value diversity and inclusion, and are committed to creating an inclusive workplace where everyone feels valued and respected. We welcome applications from talented individuals who share our values and commitment to excellence.