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 & Compliance (GLC) Division 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:

• Provide regulatory compliance advice to the Bank\xe2\x80\x99s consumer financial business.
• Keep abreast of new and changes to regulations.
• Drive the implementation of new regulatory requirements.
• Act as the liaison with regulators for regulatory compliance matters
• Review regulatory compliance policies and procedures of relating to the Bank\xe2\x80\x99s consumer financial business.
• Identify, assess and document compliance risks associated with business activities, including development of new products and business practices.
• Provide regulatory compliance training.
• Manage all other projects assigned on an ad-hoc basis.

Qualifications

The ideal Candidate will meet the following requirements:

• Possess a university degree.
• 3-5 years of relevant experience in regulatory compliance in a bank or external audit focusing on audit of financial institutions.
• Candidates who are familiar with or have experience in a similar role dealing with MAS regulations such as the Banking Act, Financial Advisers Act, Securities and Futures Act and Payment Services Act will be favorably considered
• Familiar with financial products and services.
• Proven leadership, organization and facilitation skills.
• Good interpersonal and communication skills.
• Proactive, independent and resourceful.
• Embodies team work.
• Ability to adapt to changes.
• Ability to work under time constraint and pressure.

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