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Senior Manager - IBG COO , Institutional Banking Group COO

Mumbai, India | DBS Bank

  • Industry:
    Banking / Investment Banking
  • Position Type:
  • 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 


• 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


Self Motivated

Strong Interpersonal skills

Ability to carry out Senior Management interactions independently

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