Customer Due Diligence Analyst – Customer Due Diligence

Job Description

CDD Officer | DBS Group Holdings

The Tone:
This is a full-time CDD Officer role at DBS Group Holdings, located in Hong Kong at One Island East. DBS’s Corporate Banking function is dedicated to serving corporate customers with a full spectrum of commercial banking products and services. This includes essential offerings such as cash management services, current accounts, time deposits, trade finance, working capital finance, term loans, and foreign exchange solutions. The bank prides itself on cultivating long-standing customer relationships built on strong account management, service differentiation, and rigorous credit standards. This CDD Officer position is fundamental to upholding these standards, playing a critical role in ensuring the bank’s continued compliance with all regulatory requirements and internal policies, thereby safeguarding both the institution and its valuable customer base.

The TL;DR
• Role: Full Time
• Type: Regular Employee Status
• Location: In-person Hong Kong(One Island East)
• Team: This role is situated within the Compliance job function, providing essential support to the Corporate Banking business.
• Mission: Systematically conduct comprehensive customer due diligence to rigorously ensure adherence to all regulatory requirements and the bank’s internal policies, effectively identifying and mitigating potential financial risks.
• Tech Stack: Utilize and be proficient with relevant software and systems specifically designed for efficient customer due diligence processes and broader compliance tasks.

What You’ll Actually Do
• Compliance Reviews: Conduct thorough customer due diligence (CDD) reviews, ensuring strict compliance with all applicable regulatory requirements and established bank policies.
• Risk Analysis: Systematically analyze comprehensive customer information and documentation to proactively identify potential risks and detect red flags in transactions or profiles.
• Data Verification: Collaborate effectively with various cross-functional teams within the bank to meticulously gather and verify customer data, ensuring accuracy and completeness.
• Record Management: Maintain accurate and meticulously up-to-date customer records within the bank’s proprietary systems, supporting audit trails and data integrity.
• Suspicious Activity Reporting: Promptly escalate any identified suspicious activities or transactions to the appropriate authorities and internal channels as per established protocols.
• Regulatory Awareness: Stay continuously informed of the latest regulatory changes and evolving industry best practices pertinent to Customer Due Diligence.

The Must-Haves
• Background: Possess a Bachelor’s degree in a directly relevant field such as finance, accounting, or compliance, providing the essential academic foundation for understanding regulatory frameworks and financial operations.
• Experience: Bring a minimum of 2-3 years of hands-on experience in a similar CDD or compliance-focused role, with a strong preference for prior engagement within the banking or broader financial services industry.
• Skills: Demonstrate strong analytical and problem-solving capabilities, coupled with an unwavering attention to detail; exhibit excellent communication and interpersonal skills vital for effective internal and external interactions; and be proficient in using relevant software and specialized systems for executing CDD and compliance-related tasks.
• Bonus: Exhibit the ability to work effectively and collaboratively within a team-oriented environment, contributing to collective goals and shared compliance objectives.