Job Description

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group\xe2\x80\x99s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

This position reports to the Head of Quality Assurance. The Quality Assurance ("QA") analyst will be expected to conduct QA reviews on 1LOD/2LOD AML/CFT controls to ensure that they are operating in accordance with regulatory expectations and the Bank\'s AML/CFT Policies & Procedures.

The QA analyst will work closely with the relevant control functions and teams to identify material control deficiencies and their root causes, and in ensuring that they are satisfactorily resolved to be in line with regulatory expectations and requirements, as well as industry best practices. The QA analyst will also assist in the preparation of management reports, review of QA procedures, and augment the Bank\'s AML/CFT training in respect of identified findings or weaknesses. From time to time, the QA analyst will also assist in other duties as assigned by the Head of Quality Assurance.

MAIN DUTIES

• Conduct QA reviews on key AML/CFT controls, including but not limited to customer due diligence measures, transaction surveillance and related investigations, and name screening dispositions;
• Contribute to the continual uplift of AML/CFT standards by identifying material execution gaps and deficiencies in existing AML/CFT procedures and controls; and recommending appropriate action plans for effective and sustainable remediation;
• Assist in the review of QA scope and procedures, so as to ensure that they remain relevant and effective in a dynamic ML/TF risk environment;
• Prepare key QA metrics for senior management reporting, including periodically refreshing and enhancing the reporting formats and metrics as needed;
• Work closely with BOS\' internal and external stakeholders across BOS and OCBC Group on assurance matters, and in supporting the conduct of AML/CFT training; and
• Conduct other AML/CFT-focused reviews or lead ad-hoc projects when required.

Qualifications

WORK EXPERIENCE REQUIREMENTS

• Degree with a minimum of 7 years of relevant work experience in ML/TF risk management, preferably in a private bank setting.
• Strong technical knowledge and understanding of AML/CFT requirements in Singapore, as well as geographies where BOS entities operate in.
• Strong analytical skills and sharp risk acumen to identify material ML/TF gaps and red flags.
• Ability to exercise sound judgement and articulate well-evaluated risk-mitigation recommendations.
• Prior experience in AML quality assurance, transaction monitoring or customer onboarding / periodic review is preferred.

Personal Traits/Characteristics:

• Passionate and finds purpose in pursuing a career in ML/TF risk management.
• Possesses a "can-do" attitude to problem-solve and overcome challenges.
• Strong written and interpersonal skills for effective collaboration and interaction with different stakeholders at all levels.
• Works well independently and as a team player in a diverse team environment. Able to deliver quality work under occasional tight timelines and pressure.

EDUCATION REQUIREMENTS

• University degree or higher education in a relevant field.
• Professional certifications such as ACAMS preferred, but not a must.

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