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\xe2\x80\x99s most highly-rated banks, with an Aa1 rating from Moody\xe2\x80\x99s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the

World\xe2\x80\x99s 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.

Role Summary

This is a new role within the Anti-Fraud Risk & Oversight function under Group Financial Crime Compliance - Anti-Fraud. The successful candidate will provide independent assessment and oversight of internal controls so to mitigate the risk of current or emerging fraud and scam typologies. This function will also drive fraud and scam awareness programme among employees and customers; facilitate discussions at anti-fraud committees; and build intelligence and external partnership with law enforcement and industry peers.

Key Responsibilities:

• Provide advisory to business units so to manage the risk of fraud and scams efficiently and effectively.
• Provide independent assessment and challenges on the robustness of the internal controls implemented by 1st Line of Defence to mitigate the risk of current or emerging fraud and scam typologies or new products.
• Collaborate with internal partners in taking swift remediation actions and implementation of enhanced controls so to prevent recurrence of fraud incidents.
• Facilitate discussions on significant fraud and scam cases or trends at the Bank\xe2\x80\x99s anti-fraud standing committee and/or dynamic response committee.
• Drive the Bank\xe2\x80\x99s fraud and scam awareness programme among employees and customers.
• Build intelligence network and external partnership with law enforcement and industry peers so to keep abreast of fraud and scam threats, developments, and trends.
• Support the Head of Anti-Fraud Risk & Oversight during fraud incident management.
• Perform any other duties that may be assigned by the Head of Anti-Fraud Risk & Oversight.

Qualifications

The ideal Candidate will meet the following requirements:

• University degree or equivalent preferred.
• Minimum of 5 to 8 years in anti-fraud, risk, audit, or compliance role.
• Have knowledge of the financial services industry, specifically in consumer and corporate banking, knowledge of private bank is a plus.
• Have strong analytical skills and risk and control mindset.
• Have good knowledge of the common fraud and scam typologies.
• Ability to work independently or with a team.
• Ability to present in a confident and professional manner.
• Willingness to learn and embraces challenges and changes.

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.

OCBC Bank