Job Description

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Division Description
Group Legal and Compliance (GLC) supports the Bank in all legal, regulatory and compliance matters. The division ensures that the Bank's businesses comply with policies, procedures and relevant laws, rules and regulations issued by Monetary Authority of Singapore and other local regulators.
Apart from being a legal advisor on litigation, trademark filings and other legality issues where relevant, GLC plays an important role as undertakers of the bank-wide regulatory compliance and anti-money laundering initiatives. This includes developing policies and procedures to manage and mitigate risks relating to money laundering and financing of terrorism, as well as monitoring, detection and combating of money laundering and financial crime activities.

Key Responsibilities:

• Review Customer Due Diligence assessments from business units for ML/TF & sanctions risks.
• Provide sound regulatory advice and facilitate with AML projects.
• Provide AML/CFT advisory to the Business units and be a subject matter expert on the interpretation of policies, procedures and regulations in relations to AML, KYC and CDD
• Assist in reporting of relevant CDD and AML/CFT risk information to stakeholders.
• Identify compliance issues that require follow up or investigation and discuss emerging compliance issues with Business Units to keep up-to-date with AML/CFT and sanctions laws, regulations and developments.
• Interact with Business Units for the implementation of procedures; execute oversight function to monitor
• Any other duties/assignments that are assigned by the line manager

Qualifications
The ideal Candidate will meet the following requirements:

• Degree holder (ACAMs or ICA is preferred)
• 5 - 8 years of experience in AML Advisory and / or AML experience for Client Onboarding and Periodic Reviews.
• Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
• Able to work independently as well as in a team.
• Experience in managing projects would be an advantage.
• Ability to influence and collaborate well with stakeholders and team members
• Familiar with excel and preparation of statistics for reporting.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.