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: This role works closely, in a 24/7 operations, with the Singapore Police Force Anti-Scam Centre (ASC), in coordinating fraud intelligence and taking swift actions on accounts that had been or might be used for fraudulent activities.
Shift Hours (3 rotating shifts)

• Shift 1 (8.30 AM to 6.00 PM)
• Shift 2 (2.30 PM to 12.00 AM)
• Shift 3 (11.30 PM to 9.00 AM)

• Apply freeze/earmark of bank accounts in accordance with operational requirements.
• Coordinate with Anti-Scam Centre (\xe2\x80\x9cASC\xe2\x80\x9d) to assist in tracking and recovering funds lost by our customers.
• Ensure that instructions to act on accounts and provision of banking information are supported with police orders.
• Ensure proper daily takeover and handover in accordance with 24 hours operational arrangement.
• Review the escalations received from Business Units and update a Fraud Database for trend analysis and reporting. Conceptualize and implement, where possible, new ideas for the explanation of past, current and future fraud trends.
• Enhance market intelligence network by maintaining a working relationship with all industry members to keep abreast of fraud management developments, threats and trends.
• To fulfil other responsibilities as and when required by the management in line with changing fraud trends and patterns.

• Office may be based at Police Cantonment Complex (391 New Bridge Road)