Description

Business Function

Global Transaction Services (GTS) comprises of Cash & Trade, Securities Services and Fiduciary Services is a product group focused on the management and provision of Cash Management, Trade Finance, and Securities & Fiduciary products and services to institutional clients.

DBS aspires to be recognized by clients and competitors as one of the top GTS providers in its key markets. This is achieved through an ongoing process of efficiently matching clients' changing business requirements with product capabilities.

Job Purpose

Provide guidance and technical support to the Corporate Trust and Loan Agency (CTLA) team on operational, risk and compliance matters. Oversee all aspects of corporate governance matters and regulatory reporting of DBS Trustee Limited.

Responsibilities

Policies and Procedures

• Formulate, review and implement policies and procedures including but not limited to: -

1. AML/CFT and Sanctions requirements
2. FATCA and CRS compliance
3. documentation for new products and services (NPA)
4. documentation for new/revised processes, manuals, workflows and policies
5. internal risk and control procedures

• Ensure periodic reviews and timely updating of above documents.

AML/CFT and Sanctions Compliance

• To be the AML Champion for the CTLA business with duties including:

1. strong understanding of the AML/CFT and Sanctions requirements
2. conduct regular trainings to the CTLA team on the AML/CFT and Sanctions requirements so as to ensure that we are able to comply with the due diligence requirements for our products
3. ensure that all customer due diligence reviews are completed timely and properly within prescribed timelines
4. conducting of investigations of unusual activities and working with relevant internal stakeholders to submit unusual activities escalation
5. working closely with management and compliance team in implementation of appropriate internal AML/CFT and Sanctions procedures and controls
6. reviewing and identifying changes in AML/CFT and sanctions regulations and assessing potential impact on existing policies/ procedures and developing and implementing changes to ensure compliance
7. escalation of risk matters to management and compliance team as appropriate and reporting of KRIs and CDD statistics (where applicable) to various risk and management committees
8. addressing queries from regulators, compliance reviews and audits (both internal and external)

Regulatory Compliance, Risk and Audit

• Manage and implement the compliance framework and processes for compliance with requirements in relation to the Trust Companies Act, FATCA, CRS, PDPA and other relevant regulations
• Monitor, mitigate and rectify any risk exposure for the CTLA business including AML/CFT compliance risk, operational risk, regulatory risk, fiduciary risk, etc
• Manage compliance and audit (both internal and external) inspections and ensuring that identified gaps are addressed within committed timeline
• Monitor compliance with all laws, regulations and rules governing DBS Trustee Limited as a licensed trust company, and to lead initiatives to implement framework for compliance with any new requirements
• To oversee and ensure proper implementation and updating of our policies and procedures including key operating procedures and internal control procedures

Projects and System Management

• Manage and track progress to ensure timely completion of projects (both technology and non-technology), including scoping the business requirements and implementing fixes and enhancements to the trust system, training, documentation of user guides/manuals, workflows, etc

• Systematic analysis of standard operating procedures and delivery of improvements through project implementation
• Know all relevant systems well, so as to be able to prepare business inputs for system changes to ensure that business requirements are catered for and addressed in any system build or enhancements

Change Management

• Identify risks, control gaps or areas of improvement and lead change management (training, documentation of user guides/manuals, workflows, etc) to enhance process and system efficiency in the administration of CTLA products, work with internal stakeholders across different function teams, across business/support units and with external stakeholders such as system vendor and/or service providers

Data Analytics and Reporting

• Perform business data analysis for purposes of management reporting, regulatory compliance, data correctness / reconciliation reviews, etc
• Manage the data extractions and analytics to perform the regulatory reporting to MAS, IRAS and other regulatory authorities within the prescribed timelines

Business Management Reviews

• Manage the data extractions and analytics to facilitate performance or financial reviews for management reporting relating to the CTLA products

Requirements

• A bachelor's degree with at least 10 years of working experience as business analyst, consultant, project manager, product owner, or in compliance and risk management
• At least 10 years of experience in a banking environment, preferably in the trust industry
• Prior experience in an investment risk or performance analysis role would be an ideal
• A strong leader with good interpersonal and influencing skills
• Analytical/problem solving ability and strong attention to detail, with good business analysis skills required, i.e. interpreting business needs and financials
• Excellent Excel data analytics competency; comfortable with large datasets, and adept at analysing data to deliver insights about the business performance
• Ability to collaborate, communicate, drive co-ordination, and project manage amongst multiple stakeholders (across the organisation and external) and exhibit a high level of proficiency and knowledge on corporate trust business and products
• Strong regulatory, compliance, risk and control knowledge
• Inquisitive self-starter and quick learner, who is able to work in a fast-paced environment and multi-task, and dealing with complexity and ambiguity
• Advanced user of Microsoft Excel; knowledge of Powerpoint and Microsoft Visio

Apply Now

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