Associate, Specialist, Investigations, Legal Compliance And Secretariat

Job title: Associate, Specialist, Investigations, Legal Compliance And Secretariat

Company: DBS Bank


Job description: Business Function:Group Legal, Compliance & Secretariat ensures 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.Responsibility:We are seeking a highly motivated and detail-oriented Money Mule Detection Specialist to join our dynamic Financial Crime Management team. The successful candidate will play a crucial role in identifying and preventing money mule activity within DBS Bank, protecting our customers and the bank’s reputation. This involves using advanced analytical techniques, innovative technologies, and a deep understanding of mule behavioural patterns to detect suspicious activity early in the process. This is a critical role requiring a proactive and collaborative approach.Key Accountabilities – Roles & Responsibilities:

• Build SOP on mule monitoring in line with regulation.
• Expedite regulatory reporting for all mule cases identified
• Continuously work on money mule detection mechanism including automation of BAU processes, system upgradation, data analytical skills upgradation.
• Feed in learnings to the various stakeholders like BU to combat reoccurrence of mule typology at the onboarding stage, transaction monitoring team both on KYC AML as well as Fraud side basis amount/threshold/account pattern behaviour.
• Work closely with internal stakeholders managing core AML /KYC/Fraud related matters
• Work closely with other stakeholders including operations (CCTR), business for queries related on the subject matter
• Develop and maintain advanced analytical models and algorithms to identify potential money mules based on transactional data, behavioural patterns, and other relevant information.
• Monitor and analyse transaction data in real-time or near real-time to identify suspicious patterns indicative of money mule activity.
• Investigate suspicious activities flagged by the detection systems, conducting thorough due diligence, and leveraging various data sources to determine the likelihood of money mule involvement.
• Develop and deliver training programs to colleagues on money mule detection techniques and best practices.
• Collaborate with other departments, including compliance, investigations, and operations, to share information and coordinate responses to identified money mule activity.
• Stay up to date on emerging money laundering techniques, technologies, and regulatory requirements relevant to money mule detection.
• Maintain comprehensive documentation of investigations, findings, and actions taken.
• Contribute to the continuous improvement of the bank’s money mule detection capabilities by identifying gaps and proposing solutions.
• Contribute to the development of effective preventative measures to deter money mules.
• Prepare reports and presentations summarizing findings and recommendations to management.
• Liaise with Group / Regulators on such matters
• Ensure compliance to all policies and procedures laid down by the bank

Requirements:8-10 years of experience in AML / KYC/ Compliance / Fraud monitoring, Good analytical and communication skillsEducation/Preferred Qualifications
Post-Graduate/ CA / MBA/ GraduateCore CompetenciesStrong analytical and decision-making / problem-solving skills with the ability to identify patterns and anomalies in large datasets., in depth understanding of AML and Fraud risks, knowledge of KYC and Customer Due Diligence, Project management, Team handling, Effective communication skills, Industry connect.Technical CompetenciesStrong proficiency in MS Excel (Macros and Pivots), MS Access, MS Word. Basic usage of MS PowerPoint. Qualification in a related field (e.g., finance, accounting, computer science, data analytics).Work Relationship

• Able to work closely with team members within FCSS & Legal Compliance unit

• Ability to work closely with stakeholders including business, operations, and other units to manage risks emanating from AML/KYC and more specifically mules.
• Ability to communicate effectively and should possess good presentation skills * Ability to work independently and as part of a team in a fast-paced environment.
• Knowledge of relevant financial regulations and compliance requirements is essential.
• Experience with AML/KYC systems and processes is preferred.
• Strong attention to detail and accuracy.

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Expected salary:

Location: Mumbai, Maharashtra

Job date: Fri, 06 Jun 2025 00:46:15 GMT

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