Senior Associate/AVP, Financial Crime Compliance Officer, DBS Australia (Sydney)Join or sign in to find your next jobJoin to apply for the Senior Associate/AVP, Financial Crime Compliance Officer, DBS Australia (Sydney) role at DBS BankSenior Associate/AVP, Financial Crime Compliance Officer, DBS Australia (Sydney)1 day ago Be among the first 25 applicantsJoin to apply for the Senior Associate/AVP, Financial Crime Compliance Officer, DBS Australia (Sydney) role at DBS BankGet AI-powered advice on this job and more exclusive features.Direct message the job poster from DBS BankCampus Recruitment Lead & Talent Acquisition Specialist at DBS BankAbout DBS AustraliaDBS Bank Ltd opened its Australia Branch in Sydney in June 2015 and has been steadily growing since this time. DBS Bank Ltd, Australia Branch (DBS Australia) is regulated by Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC) and Australian Transaction Reports and Analysis Centre (AUSTRAC). The branch offers a wide range of products and services to wholesale clients through our frontline teams in Institutional Banking Group, Global Transaction Services, Global Financial Markets, and Project Finance. All the teams work closely together to ensure a quality service is enjoyed by our clients.The frontline teams of DBS Australia are supported by dedicated Technology & Operations, Finance, Risk Management Group, Legal & Compliance, and Human Resources teams in Australia.About Legal & ComplianceDBS Australia Legal & Compliance ensure that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.Job PurposeThe role is expected to actively support the Senior Compliance Officers and Head of Legal & Compliance in managing compliance, AML, sanctions and financial crime risks across the various business and support units at the Australia Branch.Key AccountabilitiesProvide sound and responsive advice and support on current and developments of key laws and regulations to support the businesses of the bankAssist with development, review and implementation of relevant policies and frameworks including gap and impact analysis.Assist to ensure appropriate procedures and guidance are developed to allow compliance and regulatory risk matters, including licensing matters, and deliverables to be managed effectively, on a daily basis.Review documentation and materials to ensure adherence to regulatory requirements, liaising and resolving any such issuesAssist to maintain regulatory relationships and have good knowledge of regulators and the ability to engage with them where necessaryJob Duties & ResponsibilitiesProvide sound and timely assistance and advice on regulatory and compliance requirements and matters with the objective of protecting the Branch against potential risks.Have good understanding of and regularly maintain close watch on AML/CTF, sanctions and financial crime and other regulations and issues.Keep abreast of regulatory developments, assess business impacts and develop, review and implement required framework, processes and tools to comply with new/revised regulatory requirements.Assist to develop and execute compliance programme, policies, standards and regulations.Assist to conduct compliance reviews and risk assessments of business areas and perform regular monitoring and testing to ensure compliance with regulatory and licensing requirements.Implement and attend to the required screening processes including transaction monitoring program that comply with the applicable requirements.Analyse data sets and transaction enquiries to identify AML/CTF trends and typologies and unusual activitiesInvestigate potential unusual activities and transactions and prepare suspicious matter reports where requiredRegularly assess system performance and proactively identify system issues and make necessary adjustments to maintain optimal functionalityAssist to implement tools to mitigate regulatory and compliance risks.Continued appreciation of the risk profile of the Branch and preventing/resolving regulatory breaches.Monitor business activities against the Branch's licences and authorisations and advise where any new product, service or activity may require additional licensing or authorisation and assist with the application for such licensing or authorisation as necessary.Work closely with business partners on audit issues.Undertake regulatory reporting and provide advisory on these requirements.Develop and provide training on compliance topics including AML/CTF, sanctions and financial crime.Build ongoing relationships with the business and raise compliance maturity and awareness.Act as a subject matter expert in local regulatory requirements and Group policies.RequirementsMinimum 5 - 7 years' working experience in the financial crime and/or Compliance function in wholesale bankingDegree qualified in finance or related discipline with a demonstration of continued professional development in compliance, AML, sanctions and financial crime areasGood working knowledge of banking and financial services regulations and best practices including areas on AML/CTF, sanctions and financial crimesGood working wholesale banking product knowledgeSound ability to interpret and apply regulatory requirements and Group policies to wholesale banking products and servicesAbility to develop and execute frameworks and solutions for implementationStrong analytical mindset and attention to detailDemonstrated ability to apply sound judgementStrong interpersonal and cross-cultural communication skillsGood stakeholder management skills, including senior and international stakeholdersStrong time management skills with the ability to meet timelines and achieve objectivesAbility to work independently and within a teamGood understanding of risk expectations of regulators and the ability to engage with them where necessaryApply NowWe offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.Seniority levelSeniority levelAssociateEmployment typeEmployment typeFull-timeJob functionJob functionQuality AssuranceIndustriesBankingReferrals increase your chances of interviewing at DBS Bank by 2xSign in to set job alerts for “Financial Assistant” roles.Assistant Accountant, Treasury & Accounts PayableNorth Sydney, New South Wales, Australia 2 weeks agoSydney, New South Wales, Australia 2 weeks agoSydney, New South Wales, Australia 4 days agoSydney, New South Wales, Australia 2 weeks agoBlacktown, New South Wales, Australia 1 week agoSydney, New South Wales, Australia A$100,000.00-A$110,000.00 2 weeks agoSydney, New South Wales, Australia 5 days agoSydney, New South Wales, Australia 2 weeks agoSydney, New South Wales, Australia A$70,000.00-A$75,000.00 3 weeks agoSydney, New South Wales, Australia 3 days agoSydney, New South Wales, Australia 3 weeks agoSydney, New South Wales, Australia 1 day agoSydney, New South Wales, Australia 2 days agoSt Leonards, New South Wales, Australia A$75,000.00-A$85,000.00 1 week agoSydney, New South Wales, Australia 1 month agoMillers Point, New South Wales, Australia 1 month agoBaulkham Hills, New South Wales, Australia 4 days agoGreater Sydney Area A$85,000.00-A$100,000.00 1 week agoSydney, New South Wales, Australia 3 weeks agoNorth Sydney, New South Wales, Australia 3 weeks agoAccountant, Fixed Assets, Leases and IntercompanySydney, New South Wales, Australia 2 weeks agoBrookvale, New South Wales, Australia 8 months agoSydney, New South Wales, Australia 2 weeks agoSydney, New South Wales, Australia A$55,000.00-A$65,000.00 3 weeks agoSydney, New South Wales, Australia 2 weeks agoSydney, New South Wales, Australia A$100,000.00-A$120,000.00 3 weeks agoPayroll Officer and Assistant AccountantSydney, New South Wales, Australia 6 days agoMacquarie Park, New South Wales, Australia 2 days agoWe’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr