Overview

Hybrid
BOS Singapore
Full time
JR00003791

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!

The job holder will assist the Team Head of Financial Crime Compliance (FCC) Surveillance in ensuring smooth operations of AML Monitoring functions. He/She will be involved in the day-to-day operations of FCC Surveillance – Name Screening including investigations into suspicious transaction arising from Name Screening hits. He/She will also assist the Team Head in consolidating and preparing monthly AML Monitoring reports and statistics for Management Reporting.

Responsibilities

  • Ensure timely review of Name Screening alerts arising from Netreveal filtering system
  • Conduct investigation into suspicious transactions and/or activities arising from Netreveal alerts or other sources (i.e. Holistic Reviews)
  • Correspond with relevant stakeholders to obtain relevant information for the assessment of name screening hits or transaction review
  • Assist in the maintenance of transaction surveillance systems and Internal Watchlist.
  • Update and maintain the lists of blacklisted and sanctioned names received from local authorities, Head Office and overseas offices;
  • Assist in preparation and timely submission of Head Office / Management reports with respect to areas concerning AML Monitoring
  • Contribute and maintain KRI (Key Risk Indicators) for FCC Surveillance Team
  • Contribute, update and implement AML/CFT related policy and procedures concerning AML Monitoring.

Requirements

  • 3-4 years of experience in AML/CFT Compliance, with minimum of 2 years in AML monitoring and specifically name screening
  • Candidates with experience in Netreveal system or equivalent platform are preferred.
  • Strong analytical skills
  • Good interpersonal skills
  • Competent with control and risk framework
  • A good Team Player
  • Bachelor’s Degree
  • Candidates with related AML Qualifications such as ICT Diploma in AML and/or ACAMS will have 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.