Specialist CDD Checker| Operations| Account Services| Corporate Banki

Position Title: KYC CDD Specialist

Department: IBG COO

Reports To: Associate/Sr. Associate

Job Purpose

KYC 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 & Behaviors

Expected Value Driven Behaviors Are

DBS 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.
• 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

Primary Location

India-Maharashtra-Mumbai

Job

Operations

Schedule

Regular

Job Type

Full-time

Job Posting

Mar 15, 2024, 12:32:04 PM

India
Maharashtra
Mumbai, Show on map Get directions