Job Description

Learning Objectives

• To gain a deeper understanding of economic sanctions and how sanctions and geopolitical events impact Financial Institutions.
• To understand how Banks operationalise sanctions regulations and deploy various techniques to monitor, manage and mitigate sanctions risks.

• Assist with the development of policies and procedures to properly manage and mitigate risks relating to sanctions compliance.
• Monitor sanctions and geopolitical developments and performing impact analysis and drafting of broadcasts to the Group.
• Analyse multiple sources of data to draw insights and intelligence to monitor and detect sanctions evasion activities.
• Work on new technology, including data analytics and machine learning to better support the surveillance processes.
• Support the team in research for updates to sanctions policies, frameworks and training material (e.g. collation of statistics to review the potential wire stripping policy).
• Analyse Bank-wide sanctions-related statistics and assist in preparing reports and analysis for senior management reporting.
• Assist with assessing, adding and updating names on the sanctions internal watch list.
• Participate in sanctions-related projects and initiatives.

• Able to multi-task and cope with change and diversity in a fast-paced environment
• Able to articulate thought process clearly
• Possess strong analytical and problem-solving skills with excellent verbal/written communication and interpersonal skills
• Possess strong project management skill
• Proficient in MS Office applications such as Excel and Powerpoint
• Team player, self-motivated and resourceful
• Undergraduate in any relevant field.

OCBC Bank