Specialist CDD Checker, Operations, Account Services, Corporate Banking

DBS Bank

  • Mumbai, Maharashtra Chennai, Tamil Nadu
  • Temporary
  • Full-time
  • 1 month ago
Position Title: KYC CDD SpecialistDepartment: IBG COOJob PurposeKYC Quality Controller performs a critical function that involves an independent checker role to ensure high quality standards are maintained in strict adherence with bank policy. Ensures customer On -boarding, Periodic review is completed timely and within quality expectations.Key Accountabilities
  • Ensure smooth account opening/ReKYC through quick and efficient movement across CDD process without compromising the quality of Screening
  • To hand-hold RMs regarding the documents required and the query resolution.
Job Duties & responsibilities
  • Poses good knowledge about RBI KYC guideline and documentation of Corporate and individual accounts opening
  • Adhere to the CDD RBI circulars, CDD Standards & India LKYC guidelines towards scrutiny of Customer Due
  • Diligence while Onboarding/ReKYC/Trigger BCAP
  • Active engagement with internal /concurrent/QA audit teams.
  • Co-ordinate/Follow up/ Track Audit issues and help to complete/close the same.
  • Ensure all the audit issues are closed/completed within the agreed timelines.
  • Ensuring Clean Audit report - Resolving issues in timely manner with satisfactory evidence and no overdue
  • Name Screening & sanction alerts within TAT & also do periodic review of clients.
  • Timely Closure of Batch & Sanction Alerts
  • Qualitative Analysis of Batch Screening & timely submission of the same
  • Periodic Review of Clients
  • Advisory role for BU wrt KYC Queries Resolution
  • Providing resolution regarding KYC/CDD related queries that the BU may have at the time of onboarding.
  • Reducing in rework rate & TAT of account opening
  • Regular Training RMs & Makers
  • Review & modify processes for CDD Scrutiny in line with changes in regulatory processes
  • Supporting CDD Centralization
  • Training CDD Making Team with regards to the requirements of BCAP
  • Help in creating repository for BU & CDD Checking team to refer wrt CDD.
  • UATs for enhancements
  • Should be well versed with Liability Products
  • Should poses good Knowledge of FATCA/CRS guidelines
  • Poses good knowledge of various defaulters database and their impact. e.g. RBI Caution list / Black list /Lexis Nexis
  • Compliance and adherence of internal and external regulations
  • Reviews a list of high-risk KYC processes and tracks the quality
  • Perform quality reviews and reviews of procedures and processes
Required Experience
  • Minimum 3 to 5 Years
Education / Preferred Qualifications
  • Graduate/Post-Graduate
Core Competencies
  • Understanding of the documents needed for On-boarding/ReKYC in accordance with RBI’s Circulars for the different types of Legal Entities..
  • Screening of CDD for On-boarding & ReKYC.
  • Possess understanding for review of Politically Exposed Person (PEP) & Sanction Exposure.
  • Exposure of Finacle system.
  • Should possess good problem solving skill and business orientation.
Technical Competencies
  • Good exposure of Finacle
  • Experience in handling UATs.
  • Knowledge of Excel, Word & Power-point
Work Relationship
  • Being a Team player & self-motivated person.
  • Growth Oriented
DBS India - Culture & BehaviorsDBS is committed to building a culture where all employees are valued, respected and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Expected value driven behaviors are:
  • Demonstrate Business Performance through PRIDE 2.0 Value Based Propositions
  • Ensure Customer Focus by Delighting Customers & Reduce Complaints
  • Build Pride and Passion to Protect, Maintain and Enhance DBS’ Reputation
  • Enhance Self Knowledge, Skills and develop Competencies aimed at continuous improvement
  • Maintain the Highest Standards of Honesty and Integrity

DBS Bank