Overview

Corporate Banking Compliance

Corporate Banking Compliance, AML Compliance Officer  – (250000DD)

Description

 

Why join:

We are looking for a talented, independent and collaborative team player to join our Corporate Banking Compliance/ Customer Due Diligence (“CBC CDD”) team. Don’t miss this valued opening to step into the world of corporate banking whilst having the opportunity to participate in innovative projects geared towards the ever-changing needs of our environment.

This role is for a Business Compliance Officer, reporting into Corporate Banking Compliance’s Customer Due Diligence Team. The candidate’s main responsibilities are listed as follows and will be primarily responsible for performing the On-boarding of Global Corporate Banking customers.

 

What you do: 

  • Perform On-boarding Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) review on Global Corporate Banking customers
  • Ensure completion of Onboarding Reviews within stipulated timeframe and in line with Bank’s policy and procedures
  • Work closely with Relationship Managers to gather client documents/information before drafting on the EDD reviews and making independent recommendations regarding AML risk to the Business Units
  • Conduct research via available Bank systems and commercial databases as well as Internet
  • Identify, analyse and escalate potential AML risks
  • Identify red flag situations and escalate in line with policy and procedures
  • Identify and escalate any unusual activity / transaction activity not consistent with client profile
  • Ensure timely update of CDD/EDD Tracking file so as to reflect the accurate status
  • Perform daily AML alert closures raised on the Bank’s screening system
  • Administrative duties on behalf of the wider team including PowerPoint creation and writing meeting minutes
  • Perform Periodic and Triggering CDD/EDD reviews (when required)
  • Any other projects/ duties as may be assigned

 

Who you work with

Corporate Banking Compliance (“CBC”) was established to centralise anti-money laundering and countering the financing of terrorism (AML/CFT) Compliance functions for the Singapore business units within Global Corporate Banking.  CBC will optimise common AML/CFT Compliance activities across Wholesale Corporate Marketing and Global Real Estate, ensure consistency in KYC CDD processes and best practices for AML/CFT across these departments.  CBC also advises and supports the business in managing regulatory risk and controls in FATCA, CRS and sanctions matters.

 

Qualifications

 

Who you are

  • At least 3 years of experience in a KYC analyst role in a financial institution, preferably in the corporate banking environment
  • Hands-on working familiarity with compliance related matters especially with the implementation and operationalization of regulations, rules, policies and processes related to Anti-Money Laundering and Countering the Financing of Terrorism
  • The ideal candidate is a team-player with the ability to see beyond his/her job-scope and work with the business unit colleagues to realise business goals and targets
  • Is mature and able to work under pressure and meet timelines
  • Able to articulate fluently and is assertive with good interpersonal, analytical and writing skills
  • Experience in identifying and evaluating processes for BOT enhancement and automation opportunities such as ability to write macros to automate internal reports is a bonus

 

Who we are 

Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life 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. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.

And so whether you want to innovate needs-based 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.

What we offer

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

 

 

Primary Location

: Singapore

Job

: Client On-boarding

Organization

: Corporate Banking Compliance

Schedule

: Permanent

: Full-time

Job Posting

: 12-Mar-2025, 11:56:16 AM

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About OCBC Bank

OCBC 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’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.