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.
Description:
As the CFS AML Risk Management (CARM) Team Manager, you will lead, motivate, and manage a high-performance team of AML analysts. Your primary responsibilities will include:
- Set clear performance targets and deliverables related to customer due diligence (CDD) and Enhanced Due Diligence (EDD) reviews. Foster a collaborative and high-performing team culture.
- Provide expert guidance and constructive advice to team members, business units, and branch stakeholders on CDD and EDD activities, ensuring alignment with regulatory standards.
- Implement strategies to enhance team efficiency and effectiveness in conducting due diligence reviews.
- Assist the CARM Team Lead in reviewing and approving CDD and EDD cases conducted by AML analysts, ensuring thoroughness and compliance with internal and regulatory standards.
- Stay abreast of AML/CFT and sanction regulations, internal policies, industry trends, and best practices to ensure the team’s compliance with legal and regulatory requirements.
- Collaborate with internal stakeholders, including compliance, legal, and business units, to ensure consistent application of AML/CFT and sanction policies and procedures.
- Support other ad-hoc duties and projects as assigned, contributing to the overall effectiveness of the AML/CFT function.
Requirement:
- Education: University degree in a relevant field.
- Experience: Minimum of 7 years of comprehensive experience in AML/CFT, including transaction monitoring, customer screening and enhanced customer due diligence.
- Technical Knowledge: Strong understanding of regulatory requirements related to AML/CFT and sanctions.
- Additional knowledge: Familiarity with consumer banking products and services, as well as regulations governing the consumer banking sector, is an added advantage.
Skills required:
- Proven leadership and people management skills, with the ability to inspire and develop team members.
- Ability to work effectively under tight timelines and pressure, managing multiple tasks simultaneously.
- Excellent written and verbal communication skills, with the ability to engage effectively with stakeholders at various levels.
- Self-motivated, resourceful, and possessing strong analytical and problem-solving abilities.
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.
Skills Required
- University degree in a relevant field
- Minimum of 7 years' experience in AML/CFT including transaction monitoring, customer screening and enhanced due diligence
- Strong understanding of AML/CFT and sanctions regulatory requirements
- Familiarity with consumer banking products, services and related regulations
- Proven leadership and people management skills
- Ability to work effectively under tight timelines and manage multiple tasks
- Excellent written and verbal communication skills
- Self-motivated, resourceful, strong analytical and problem-solving abilities
What We Do
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.
