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We are expanding our Operations in Singapore and we invite suitable candidates with an excellent customer focused mindset to join the motivated team for the following professional positions:

Positions Available

Responsibilities :

Regulatory Compliance

  1. Provide compliance advisory in areas of Banking Act, Financial Advisers Act, and Outsourcing.
  2. Attend to matters pertaining to new product initiatives, marketing and promotional materials.
  3. Keep abreast of all MAS notifications and perform analysis.
  4. Develop and review all policy/ manual/ procedure/ forms in relation to regulatory compliance and assist on regulatory review.
  5. Plan and execute Balanced Scorecard Framework.
  6. Prepare monthly compliance certificate.
  7. Attend to Representative Notification Framework related matters.
  8. Maintain and update outsourcing register.
  9. Coordinate and prepare materials for video conference with regional offices.
  10. Assist, coordinate, handle enquiry and submission and liaise on MAS reporting and notification.

Common Reporting Standards (CRS)

  1. Organise and conduct CRS prep training.
  2. Assist in reviewing CRS guidance.

Anti-Money Laundering

  1. Assist in updating Bank’s AML/KYC policies and procedures.
  2. Provide compliance advisory for new customer onboarding and Credit/ Trade finance customers.
  3. Assist in advisory/ clearance of daily payment gateway screening hits and periodic name screening hits, and review screening hits in relation to sanctions and adverse news.
  4. Checking transaction monitoring of customers and staff and also cover for data quality assurance check.
  5. Attend and assist AML queries and matters.
  6. Provide compliance advisory on new projects and initiatives.
  7. Assist in conducting high/ low risk corporate customer periodic review.
  8. Assist in EWRA of ML/TF Risk with business units.
  9. Develop and update RMA procedure for business units.

Requirements:

  1. A recognized degree, preferably in Accounting, Banking & Finance, Law or equivalent.
  2. Candidates with Association of Certified Anti-Money Laundering specialist (ACAMS) or Diploma in Compliance will be given a preference.
  3. Minimum 3 to 5 years’ relevant experience in Compliance of a sizable financial institute/ regulatory body with experience in administering and managing Anti-Money Laundering Program.
  4. Well versed in banking laws, operations, products and services within Retail  Banking with good understanding of the Banking Act, Financial Advisers Act/ Regulations, Balanced Scorecard Framework, Representative Notification Framework, CRS/ FATCA.
  5. Excellent communication and interpersonal skills with ability to interact with all levels of staff and management.
  6. Have the drive, energy and perseverance to succeed in a competitive market environment.

Responsibilities :-

  1. Responsible for managing Balance sheet of SBIS and ensuring timely identification and rectification of anomalies in balance sheet, if any.
  2. Preparation and submission of various regulatory reports as per prescribed periodicity.
  3. Responsible for checking and submission of various regulatory reports to MAS as per prescribed periodicity.
  4. Responsible for processing and timely payment of bills as per approved terms.
  5. Responsible for Management of Fixed assets and complying with prevailing accounting standards to deal with accounting of fixed assets in bank’s books.
  6. Responsible for preparation, implementation and timely review/ updation of various policies.
  7. Responsible for ensuring correct computation and timely submission of Corporate Tax.
  8. Preparation and submission of various reports to Head Office as per stipulated periodicity.
  9. Responsible for statutory audit of bank’s annual balance sheet and other related audits.

Requirements :-

  1. Qualification Degree or equivalent, preference will be given to those who have done courses related to Banking.
  2. At least 5-6 years of working experience in various fields of banking. 
  3. Strong understanding of financial compliance. 
  4. Sound knowledge of banking systems/ processes/ procedures.
  5. Sound Knowledge of banking/financial products.
  6. Good managerial skills and analytical mind-set.
  7. Excellent communication and inter personal skills with the ability to interact with all levels of staff and top management.

Responsibilities :-

  1. Cheque clearing inward and outward clearing and return.
  2. EGiro.
  3. Collection of cheque, prepare credit advices and posting of charges/ commission vouchers.
  4. Routing of remittances received from local banks through MEPs to our correspondent banks.
  5. Inward and outward remittances.
  6. Attending to customer enquiries pertaining to inward and outward remittances.
  7. Preparing turnover reports on a monthly basis.
  8. Filing and maintenance of records.

Requirements :-

  1. Minimum Diploma holders.
  2. Proficient in Microsoft Office applications.
  3. Able to work with a high degree of accuracy.
  4. Organized and systematic with an eye for detail.
  5. Applicant with no experience but with keen interest are welcomed to apply.

Responsibilities:-

Banking Act/ Financial Advisors Act (FAA)

  1. Organise and conduct periodic compliance reviews pertaining to the Banking Act, Financial Advisers Act, MAS notices and guidelines.
  2. Keep abreast of all new regulatory requirements related to the Banking Act, FAA and advise business units and control units the impact and changes to operational procedures.
  3. Maintenance of the Banking/ FAA Matrix.
  4. Involve review of all new banking and investment products approval process.
  5. Organise and conduct Banking Act/ FAA trainings.
  6. Assist in MAS reporting and notification.
  7. Develop/ review policies and procedures.
  8. Attend to all RNF related matters.
  9. Conduct FAA-related complaint investigation and report.

Common Reporting Standard (CRS)/ Foreign Account Tax Compliance Act (FATCA)

  1. Coordinate information received for submission.
  2. Organise and conduct CRS/ FATCA trainings.
  3. Assist to review CRS guidance.
  4. Develop and review FATCA guidance/ procedural on reporting.
  5. Assist on CRS application for CRS filing.

Anti-Money Laundering

  1. Assist in advisory and clearance of daily Pelican hits.

Requirements:-

  1. A recognized degree, preferably in Accounting, Banking & Finance, Law or equivalent.
  2. Candidates with Association of Certified Anti-Money Laundering specialist (ACAMS or Diploma in Compliance will be given a preference.
  3. Minimum 5 years’ relevant experience in Compliance of a sizable financial institute/regulatory body, experience in administering and managing Anti-Money Laundering Program and well versed in banking laws, operations, products and services within Retail  Banking with good understanding of the Banking Act, Financial Advisers Act/Regulations, Balanced Scorecard Framework, Representative Notification Framework, CRS/FATCA.
  4. Excellent communication and interpersonal skills with ability to interact with all levels of staff and management.
  5. Have the drive, energy and perseverance to succeed in a competitive market environment.

Responsibilities :-

  1. Process over the counter remittance transactions for registered customers within stipulated Turnaround Time.
  2. Handle cross border funds transfer transactions.
  3. Handle Know Your Customer (KYC) and customer registration process effectively.
  4. Perform the Name Screening, OFAC, World Check requirements.
  5. Ensure remittance transactions comply with local and overseas regulations.
  6. Handle Cash, NETS or debit to account transactions for remittances to India and Bangladesh.
  7. Update foreign exchange rates as and when required.
  8. Filing and batching of transaction entries.
  9. Manage daily reporting reports for the outlet.
  10. Attend to queries from existing and potential remitters.
  11. Effectively addresses customer service issues and/ or escalates to appropriate person promptly.
  12. Pro-actively identifies opportunities and provides feedback for improvements for the Remittance Outlet.
  13. Be the brand ambassador of the bank as the first contact point for those visiting the outlet.

Requirements :-

  1. Diploma and above.
  2. At least 1 year of relevant money changing & remittance experience in a Financial Institution.
  3. Experience in handling cash and over the counter banking transactions.
  4. Able to work with a high degree of accuracy and speed.
  5. Positive attitude and willingness to learn.
  6. Willing to work on Saturday and Sunday. (6 day work week; Off on Monday)   

SBI believes in hiring the best talent from the Industry and provides fair and equal chances of employment. Our rigorous hiring process is designed to provide us with a comprehensive overview of your skills, experiences and abilities. We believe in identifying your unique strengths to place you in the position best suited for you.

Apply for the position of your interest. We will get in touch with you within 2 weeks if your application has been found suitable for the role that you have applied.

An attractive remuneration package commensurate with qualification and experience will be offered to successful candidates.

DISCLAIMER:

You are responsible for the content, accuracy and completeness of any application or information you submit to this site.

You confirm that the information that you submit is true and accurate and does not violate any applicable laws or breach any contract or render SBI liable to any claim or proceedings whatsoever.

Our Purposes for Collection, Use and Disclosure of Personal Data We collect personal data from you, and use such personal data for the hiring process. This includes (but is not limited to) using the personal data to:

  • Assess, administer and process your job application
  • Contact you in respect of your job application
  • To validate with the references provided and to conduct employment checks

In order to achieve the purposes stated above, we may disclose the personal data collected from you to the following third parties:

  • Our service providers and agents, including recruitment contractors.
  • Regulatory authorities, statutory bodies or public agencies for the purposes of complying with their respective requirements, policies and directives or to seek information about you (as stated in the next paragraph).

During the hiring process, we may obtain further information relating to you from third parties, including character referees and public records. In doing so, we necessarily disclose your personal data to such third parties.

We may also collect, use and disclose personal data for other purposes, if required or permitted by law.

By providing us with personal data, you agree to the terms of this policy and you consent for yourself to our collection, use and disclosure of personal data on these terms. If you provide third party personal data to us such as the personal data of your spouse, children and/or family members, by doing so, you confirm that you have obtained their respective consents to our collection, use and disclosure of their personal data on these terms.

Retention of Personal Data

We will retain personal data for a reasonable period in accordance with our legal and business purposes, even if your job application is unsuccessful.

We do not usually retain unsuccessful job applications for more than 2 years.

Access to and Correction of Personal Data

If you wish to correct update and/or have access to the personal data we have collected from you, please let us know. Please see How To Contact Us at the end of this policy.

Contact Us

If you have questions or requests concerning the personal data you have submitted to us in connection with a job application, you may contact us at hr@sbising.com or at:

Human Resources
State Bank of India, Singapore Branch
135 Cecil Street #04-04
Singapore 069536