Senior Associate , Specialist Current Account - Customer Due Diligence, Consumer Banking Group

Experience: Not Available to Not Available years

Location: Chennai-DBIL

Skills: AML, KYC, data accuracy, regulatory compliance, stakeholder management, audit support, training, risk assessment

Process/standards awareness
Adherence of AMLKYC guidelines, Need for Discipline Circular across current account products. Support supervisor in implementation of AMLKYC guidelines. Document checking, KYC checks, On-boarding activities, re-KYC, trigger reviews etc. Ensuring data accuracy while opening current accounts and due diligence process. Ensure all customers are screened regularly against sanctions and other negative lists and negation of all such alerts on timely basis. Regular co-ordination with branches to ensure processes are followed, resolving branches queries and guidance with respect to AMLKYYC. Tracking of trigger reviews in AOS and further reporting. Proactively identify potential risk areas and propose changes to further control and enhance effectiveness of processes. Work closely with the FCSS and Ops teams to understand threats and develop mitigants. Supporting the RFI / RFP process to identify product options which meet the identified requirements Review of CKYC documentation and autorisation. Look for system enhancements, process improvements to enhance the productivity. Maintaining high standard of quality and error free processes. Communicate and involve stakeholders to respond to any current accounts related incidents as the first touchpoint for Business, Fraud Control Securities and Services (FCSS), Operation team and other stakeholders Ensure processes adherence by the team members. Provides adequate support for Audit / inspections and ensure that there are no significant findings through constant dialogue.



Circulation of daily dashboards and other frequency-based reporting within team and other stakeholders. Providing data on Timely basis to Audit and FCSS. GST checks /CPV Checks to be done on timely manner. Regular training of the team on change in processes, regulations. Ensure to raise unusual activities for deserving cases. Ensure all trainings are completed by team members on timely basis.

Adherence to processes & standards
Documentation of processes with respect to current account opening, due diligence, reporting etc. Actively engage internal stakeholders throughout the business to ensure that remediation plans are implemented on time and to the necessary standard. Escalation and reporting of cases which are breaching SLA for resolution, adherence of regulatory requirements Carry out and share the Root Cause Analysis of errors, breaches etc. Ensure in spirit & word implementation and execution of internal & regulatory code of conduct and business ethics, clean desk, information security, internet usage, email usage etc. Ensure to meet agreed Timeliness with respect to processes. Creation of backups in team for maintain work life balances. Ensure circulation of various dashboards in line with country and Group requirements. Conducting UAT and sharing findings with stakeholders and ensuring desired requirements are implemented. Supporting Unit in Data remediation as and when required.

Stakeholder & vendor management/interface to facilitate smooth operations
Continuous engagement with stakeholders to improve processes etc. Update to all stakeholders with dashboards and issues on timely basis.

Regulatory compliance and assessment
Ensure adherence to all AMLKYC guidelines in unit Reporting of breach of regulatory / controls standards. Timely reporting of regulatory requirements.

Job: Operations
Schedule: Regular
Employee Status: Full time

📌 Senior Associate , Specialist Current Account Customer Due Dilig (Chennai)
🏢 DBS Bank
📍 Chennai