Overview

Hybrid
BOS Singapore
Full time
JR00001486

Bank of Singapore opens doors to new opportunities.

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

This position within the Client Onboarding & Lifecycle Management Front Office Post Onboarding Review – Source of Wealth Uplift Review (“SUR”) Team Lead is responsible for supporting our Front Office in a multi-year program to uplift the standards of the CDD write-up and documentation for our existing clients.  The successful candidate is expected to lead the entire remediation program, manage the source of wealth remediation analysts and stakeholders, be knowledgeable in CDD/AML and SOW principles, and be able to analyse and identify gaps and risks in the existing KYC and Source of Wealth (SoW) information. The successful candidate is also expected to be able to work well within the team, across teams and functions while taking initiative and ownership over his/her own area of work.

Main Duties

  • Provide transparency and oversight to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review to ensure cases are reviewed and completed in a timely manner and any issues/ roadblocks are identified early.
  • Ensure the source of wealth remediation program is on-track and completion targets are met
  • Prepare required reporting to senior management, Global Head of COLM and Head of Front Office Post Onboarding Review on the source of wealth remediation completion progress
  • Manage the source of wealth remediation team members by providing guidance and coaching, managing escalation and issue resolution
  • Perform pro-active stakeholder management
  • Ensure that cases sent across for review are in-line with the regulatory requirements and the Bank’s relevant policies and procedures
  • Liaise with internal and external auditors, regulators, Compliance Testing team on any queries in relation to the source of wealth remediation program
  • Provide support on training new joiners to the team and Front Office on source of wealth requirements arising from the remediation program
  • Keep abreast of changes to regulatory requirements for AML/CFT and communicate changes internally with a view to ensuring that the remediation program is in-line with the new requirements

  • Minimum 10-12 years of relevant experience working in a financial institution with relevant knowledge & experience in CDD/AML and Source of Wealth (SoW); experience in a private banking environment is preferred but not a must
  • Strong attention to detail and controls, and can grasp new ideas and concepts quickly
  • Ability to work under pressure and manage workload and deadlines effectively
  • Experience in leading and running remediation projects will be advantageous
  • Experience in managing diverse teams
  • Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
  • Competent in Microsoft Office tools, particularly Excel and PowerPoint
  • University degree or higher education
  • Professional certifications such as ACAMs or ICA would be an added advantage

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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.