Overview
Global Transaction Banking Divisional Office
Description
Why join
The division office of Global Transaction Banking (GTB) supports the regional strategy execution by aligning regional delivery, advancing business controls and digital solutions innovation through identifying new flows in emerging economies and shaping future-ready-risk-aligned products.
We are seeking a sharp, adaptable, and forward-thinking individual to support the regional growth of Transaction Banking division. This role will be instrumental in building and embedding strong business control frameworks across Cash & Trade, with a clear emphasis on regulatory interpretation, control design, and regional product governance.
What you do
The ideal candidate will bring deep knowledge of regulatory obligations, particularly MAS requirements, and the ability to assess and advise on compliance impacts across multiple markets. This role also demands a strong ability to opine confidently on risk assessments, institutionalize knowledge, support Group-led reviews, and explore new technologies to improve efficiency
1. Regulatory Interpretation & Advisory
- Interpret and apply MAS regulations as the primary compliance baseline
- Provide well-structured, risk-based opinions and justifications during regulatory reviews, internal audits, external due diligence assessments, and questionnaires.
- Support division in addressing Group-led control reviews, assessments, and attenuation submissions.
2. Control Frameworks & Governance
- Serve as the first line of defense for GTB business, embedding control discipline across key processes and product lifecycles.
- Design, implement, and institutionalize scalable control frameworks, standards, and templates; knowledge sharing with the region
- Support Product program governance processes.
- Build and manage internal knowledge repositories and frontline guides.
3. Culture & Risk Awareness | Monitoring, Testing & Issue Management
- Conduct or support RCSA, issue management, control testing, and incident reviews.
- Develop control dashboards, risk trends summaries for governance forums
4. Regulatory Horizon Scanning
- Monitor & interpret emerging regulatory themes & translate them into actional business guidance in areas of digital assets & Tokenization, 3rd party Risks, Sanctions & Geopolitical Risk, AI governance, Fair dealings, data privacy & localization
Reporting to Head of Business Planning & Controls, Division Office, Global Transactions Banking.
Qualifications
Who you are
- Bachelor’s degree in Business, Finance, Risk or Legal
- 6-10 years of relevant experience in business controls, compliance, operational risk or transaction banking
- Strong working knowledge of MAS regulations
- Proven ability to interpret, assess and clearly articulate regulatory & compliance impacts
- Experience with regulatory assessments, internal reviews & product governance
- Familiarity with RCSA, control testing & risk remediation processes
- Strong communication & stakeholder engagement skills
- Regional experience, knowledge of transaction banking, certifications such as CAMS & CIA are advantageous
- Ability to manage ambiguity, navigate across teams & deliver under tight deadline
Who you work with
Global Transaction Banking Division offers cash management, trade finance and supply chain finance solutions. To SMEs. Large corporations. Financial institutions. And government entities across the region. It’s all about making banking simpler. And more convenient. For corporate customers. And their customers. For you, it’s all about building your career in a business that is building a reputation for breaking new ground by innovating at the intersection of technology and customer-centricity.
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, our purpose remains: to enable people and communities to realise their aspirations.
And so whether you want 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.
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. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Primary Location
: Singapore
Job
: Transaction Banking
Organization
: Global Transaction Banking Divisional Office
Schedule
: Permanent
Job Posting
: 08-Apr-2025, 12:25:29 PM
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.
