Anti-Money Laundering Specialist

Welcome to DBS, a leading financial institution committed to creating a better and more sustainable future. We are currently seeking a highly skilled and dedicated individual to join our team as an Anti-Money Laundering Specialist. As an AML Specialist at DBS, you will play a crucial role in safeguarding our organization against financial crimes and ensuring compliance with regulatory requirements. We are looking for someone with a strong passion for preventing money laundering and the ability to thrive in a fast-paced and dynamic environment. If you have a keen eye for detail, excellent analytical skills, and a deep understanding of AML regulations, we encourage you to apply for this exciting opportunity.

1. Conduct thorough investigations and analysis of customer transactions to identify potential money laundering activities.
2. Monitor and review customer accounts and transactions for any suspicious or unusual activities.
3. Develop and implement effective AML policies, procedures, and controls in accordance with regulatory requirements and industry best practices.
4. Keep up-to-date with the latest AML regulations and guidelines to ensure compliance and mitigate any potential risks.
5. Collaborate with various departments within the organization to identify and report any suspicious activities or transactions.
6. Conduct training and awareness sessions to educate employees on AML regulations and the importance of compliance.
7. Develop and maintain strong relationships with law enforcement agencies and regulatory bodies.
8. Conduct risk assessments to identify potential areas of vulnerability and implement appropriate risk mitigation measures.
9. Prepare and submit reports to senior management and regulatory bodies as required.
10. Maintain accurate and detailed records of all AML-related activities and investigations.
11. Participate in internal and external audits and assist in implementing any recommended changes or improvements.
12. Act as a subject matter expert and provide guidance to colleagues on AML-related matters.
13. Conduct due diligence checks on new and existing customers to ensure compliance with AML regulations.
14. Proactively identify and report any potential gaps or deficiencies in the AML program and work towards implementing corrective measures.
15. Maintain confidentiality and integrity in handling sensitive AML-related information.

According to JobzMall, the average salary range for a Anti-Money Laundering Specialist in Singapore is between $50,000 to $120,000 SGD per year. However, the actual salary may vary depending on factors such as experience, qualifications, and the industry of the employer. Some senior positions in this field can earn upwards of $200,000 SGD per year.

DBS, a premier financial group in Asia headquartered in Singapore, operates in 19 markets and excels in regions like Greater China, Southeast Asia, and South Asia. With top credit ratings, it has been named the “World’s Best Bank” by multiple institutions. Emphasizing digital innovation, DBS offers extensive services in consumer, SME, and corporate banking. Through the DBS Foundation, it supports social enterprises and community development, reflecting its commitment to impactful banking.