Business Compliance Officer - AML (6 months contract), Global Financial Institutions

External

Ocbc · Ocbc, Singapore

Full-timeOn-site4d ago

ComplianceDocumentation

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About the role

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

Requirements

A university degree in Accounting/Banking/Finance or related discipline
At least 0 to 3 years of experience in conducting CDD for institutional clients; preferably with understanding of Correspondent Banking. Fresh graduates with good aptitude for customer due diligence/know your customer work will be considered.
Basic working knowledge of Singapore AML laws and regulations relative to money laundering and terrorist financing
Identifying and understanding the AML and Sanctions Risk associated with Financial Institutions clients and good awareness of banking controls is key for this role
Ability to analyze client information and documentation to facilitate account opening, on-going name screening and periodic reviews
Proficiency in MS office applications / Public Domain searches / Factiva
Excellent analytical, interpersonal, communication and writing skills
Independent and ability to multi-task and meet multiple deadlines
AML Certification (ACAMS) or other AML / Compliance certification preferred
Who you work with
The position of the FIAML CDD Analyst is part of the Business Compliance, Global Financial Institutions AML team and reports to the FIAML Head.

Benefits

How you succeedWhat you doPerform customer due diligence and enhanced due diligence during the onboarding, periodic and trigger review of Financial Institutional customers (ie. Banks and NBFIs)Liaise with customers to obtain updated informationUnderstanding of how risk factors impact client risk ratingIdentify and escalate any unusual activity / transaction activity not consistent with client's expected profileConduct research via available Bank systems and commercial databases as well as internet searchesReview and evaluate recent negative news related to clientsRecommend relationship strategy where applicableWork closely with the relationship managers to assist the department in complying the AML/KYC requirementsAct as a subject matter expert in the execution and implementation of CDD / EDD requirements in accordance with OCBC's related AML / Sanctions policies and proceduresInterface with relevant units and the business relating to compliance reviews, investigation, as well as other ad-hoc projectsAssist with internal and external compliance audits and MAS regulatory auditsCompetitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growFlexible scheduleEquity / stock options

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