Assistant Vice President, Team Lead, Transaction Surveillance Unit, Legal Compliance and Secretariat

About DBS:

DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, erstwhile Lakshmi Vilas Bank was amalgamated with DBS Bank India Limited. DBS Bank India now has a network of ~500 plus branches across 19 Indian states.

Job Purpose

The Team Lead AML Surveillance Operations position is a holistic role covering various aspects of AML/CFT transaction monitoring and reporting, ensure compliance with the regulatory and reporting aspects of FIU-IND and RBI KYC Directions. The candidate will independently manage a team of analysts in the Bank’s AML/CFT Transaction Surveillance unit and report to the Vice President, Head AML Transaction Surveillance.

Responsibilities

• Lead and strengthen the Bank’s Transaction Surveillance function from AML/CFT perspective, by driving effective monitoring, regulatory compliance and strategic transformation initiatives
• Ensure robust detection, investigation, and reporting of suspicious activity from AML/CFT perspective
• Delivering key surveillance system enhancements, automation and risk mitigation projects
• Stay abreast of regulatory requirements, FIU-IND guidance/advisories and industry best practices and implement appropriate measures to optimize alert generation (reduce false positives), which ensuring regular rule review/testing requirements
• Drive change agenda and develop team of analysts for effective AML/CFT risk management

Requirements:

• At least 5 years’ experience in AML/CFT transaction monitoring, surveillance, or compliance within the financial services industry
• Strong understanding of regulatory requirements including FIU-IND advisories and industry best practices
• Analyze large volume of data points, identifying issues and recommend solutions
• Reasoned judgment, diplomacy, and tact, with a willingness to speak up amid adversity
• Excellent communication skills and ability to build rapport with both internal and external stakeholders. Open to learning new skills and industry developments.
• Proven track record in driving process improvements
• Added advantage is specialised certification / qualification is available in the Financial Crime / AML aspects.

Location:

Mumbai

Job:

Compliance

Schedule:

Regular

Employee Status:

Full time