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Senior Manager - IBG COO , Institutional Banking Group COO

Mumbai, India | DBS Bank

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
  • Experience:
Job Description:
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The job is to manage the Risk & Governance associated with KYC / AML for Institutional Banking Group. It also includes Data submission to regional office w.r.t. KYC/FATCA/CRS. Regulatory Correspondence (RBI Audit), Concurrent Audit, Implementation of new initiatives projects / initiatives. 


Key Accountabilities


• Handling of Audit (Regulatory and Concurrent audits) 


• Regulatory Engagement 


• KYC (AML/CFT) 


• FEMA Task Force


• Regulatory reporting / Remediation Exercises


Job Duties & responsibilities 


 Audit & Regulatory Engagement 


 Active engagement with internal/external auditors including Concurrent Audit, RBI. 


 KYC (AML/CFT) AND FEMA Task Force:


 Timely completion of client re-KYC and Monthly Risk Review


 Track, Monitor regulatory items like IBG Deferrals, Negative Balances, i/w cheque returns, STR cases, weed-out activity


 FATCA-CRS Compliance and Annual Reporting


 Conduct monthly FEMA Task Force, facilitate resolution of issues, alerts and action points tracking for the monthly meeting


 Represent IBG suitably in AMLOC/ RGG/ IMC or Group Forums as applicable


 Assist RM's on KYC queries pertaining to client on-boarding.


 Transaction / AML alerts - Following up with concerned teams for closure of alerts.


 Other IBG-COO Responsibilities:


 Taking on additional projects as and when nominated by IBG COO / other BU heads in DBS India


 IBG reporting for Tranche 1 & 1A


 Additional responsibilities and backing-up for team members on areas including Operational Risk Management and system infrastructure


Required Experience 


1. Operational Risk Management / Audit for IBG


2. Sufficient knowledge and experience of the Unit’s business operations and processes


3. Understanding of regulations related to AML/KYC/CFT locally as well as for the group 


4. Ability to provide balanced perspective between business expediency and risk & control


5. Ability to communicate effectively 


Education / Preferred Qualifications 


CA / MBA with 5-8 years of experience


Core Competencies 


Analytical Skill


Audit


Self Motivated


Strong Interpersonal skills


Ability to carry out Senior Management interactions independently


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