Overview

Hybrid
OCBC Singapore
Full time
JR00003339

WHO WE ARE:

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.

Why Join

As a Compliance Specialist, you play a critical role in protecting OCBC and our customers from financial crimes. You’ll work closely with our teams to identify and mitigate risks, ensuring we maintain the highest standards of integrity and compliance. It’s a challenging and rewarding role that requires attention to detail, analytical skills, and a passion for making a difference.

How you succeed

To succeed in this role, you’ll need to stay up-to-date with changing regulations and emerging trends in financial crimes. You’ll work collaboratively with our teams to identify and assess risks, develop effective controls, and implement robust monitoring and reporting systems. Your analytical skills and attention to detail will be essential in identifying potential risks and developing effective mitigation strategies.

What you do

This role supports the Singapore Retail Business on day-to-day FCC-related advisory and ad hoc project/regulatory related matters, primarily:

  • Review Customer Due Diligence assessments from the BU for AML/CFT & Sanctions risks.

  • Provide AML/CFT advisory guidance to the BU and be a subject matter expert on the interpretation of policies, procedures, and regulations in relations to AML, KYC and CDD.

  • Coordinate with the GRB Policy designate to ensure BU considers for change implementation the Group CDD procedures updates arising from e.g. regulatory changes.

  • Provide sound FCC regulatory advice for new product reviews.

  • Identify compliance issues that require follow up or investigation and discuss emerging FCC risk issues with BU to keep abreast with AML/CFT and sanctions laws, regulations, and developments.

  • Facilitate the periodic CDD and AML/CFT risk reporting to key stakeholders by GFCC CFS Advisory as well as ensure FCC governance oversight of similar BU reporting.

  • Manage regulatory queries in coordination with BU and other relevant stakeholders.

  • Providing AML/CFT training to Business Unit or 1.5 Compliance unit as required.

  • Participate and facilitate internal AML related projects and industry projects, as required.

  • Any other duties/assignments that are assigned by the line manager.

Who you are

  • Holds a bachelor’s degree in related disciplines or equivalent.

  • Possesses 5 – 7 years of working experience in advisory function with other global and/or local financial institutions, preferably related to retail business / private banking. Other relevant advisory experience may also be considered.

  • Strong working knowledge of AML/CFT regulatory requirements including MAS Notice 626. Knowledge of sanctions is a plus.

  • Great interpersonal, communication and ability to work collaboratively across different stakeholder groups.

  • Possesses positive attitude, a fast learner and ability to deliver high quality results within tight deadlines.

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.

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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.