Overview

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 role is within the Intelligence and Innovation (I&I) team of the Financial Crime Compliance (FCC) Department who is responsible for the implementation of Data Analytics and Artificial Intelligence innovation strategy to derive intelligence insights on Financial Crime. The I&I team is a mission-critical team to successfully pivot the FCC department towards proactive detection of financial crime risks to the bank and dynamic monitoring of clients that is anchored on intelligence and data analytics capabilities to transform key FCC controls for the bank.

The successful candidate is expected to have a good knowledge in data analytics and artificial intelligence techniques and be knowledgeable in the FCC investigation domain. The candidate is expected to be able to work well within a team and take initiative and ownership over his/her own area of work.

Main duties

  • Domain expert in Financial Crime typologies to train Artificial Intelligence agents to carry out risk assessments on Financial Crime risks.
  • Research on the latest global risk typologies and update the AI models.
  • Validate risk assessments and recommendations proposed by AI models based on the holistic risk profile reviews and carry out the necessary steps for risk resolution, such as filing suspicious transaction reports or dynamic review escalations.
  • Ensure timely validation and review of Analytic Innovation & Intel Reports proposed by AI models as well as closure of suspicious transaction reports.
  • Drive new specialized AML/CFT data analytics and artificial intelligence initiatives and work with the Innovation & Surveillance team to design and improve BOS data analytics features and capabilities.
  • Real-time maintenance of the Data Analytics case register for senior management dashboard reviews and Data Analytics Effectiveness Metric reporting to Group & MAS.
  • Contribute, update and implement of Data Analytics AML/CFT related policy and procedures.

Work experience requirements

  • Degree with minimum 3 years in FCC investigation and filing of suspicious transaction report.
  • Understanding of the FCC landscape in a Private Banking environment in Singapore.
  • Strong analytical, logical mind, and keen eye for details with the passion for problem solving, research and investigation.
  • Robust stakeholder management skills and good interpersonal skills with the ability to work confidently and collaboratively with cross-functional stakeholders of varying seniority.
  • Excellent written and verbal communicator of the case details to both technical and business audiences.

Education requirements

  • A University degree in Analytics, Statistics, Economics, Business, Engineering, Information Technology, Data Sciences, Math or related fields.
  • Strong experience in financial crime and knowledge in data analytics and artificial intelligence techniques

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About Bank of Singapore Limited

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.