Job 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:

• Work closely with Group’s Financial Crime and Compliance Anti-Fraud (GFCC-AF), internal stakeholders and law enforcement, to investigate suspicious interactions and understand current and emerging fraud trends impacting digital banking.
• Provide advice to business partners on digital banking fraud risks through scheduled assessments and recommend strategies following such assessments.
• Handle alerts in a proper and timely manner, fraud alerts generated by the system, prepare preliminary investigation reports and manage digital device forensics services, where necessary.
• Provide feedback on post-event advisories, to both internal/external stakeholders across the Group.
• Manage in-country system parameters and modelling thresholds.
• Provide information and data in the preparation of the FSU Program’s established MIS.
• Manage capacity plans for the team, including shift schedules, processing turnaround times, departmental activity based capacity planning etc.
• Actively support the Group’s Financial Crime and Compliance Anti-Fraud strategy and control functions.
• Lead ad-hoc projects and support pre-deployment and post deployment testing affecting the platforms.

Qualifications

The ideal Candidate will meet the following requirements:

• University Degree or equivalent preferred
• Typically have 3 - 4years’ experience in transactional monitoring, with knowledge of banking products and channels an added advantage
• Knowledge of consumer and corporate banking, knowledge of private bank is a plus
• Basic knowledge of how fraud rules work and the key fraud indicators
• Analytical and self-initiated to resolve issues, with demonstrated ability to understand and identify appropriate solutions and/or alternatives
• Strong working knowledge in Microsoft Word, Excel, Power Point and other necessary applications
• Demonstrates success in working independently and within a team, with leadership potential apparent
• Able to work under intense pressure
• Additional language skills are advantageous for this post but not essential
• Proficient level of interpersonal and communication skills

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.

Primary Location: Singapore Job: Operational Risk Organization: Group Legal and Compliance Division Schedule: Permanent Job Posting: 17-Jun-2022, 2:57:05 AM