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!
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 role is under Financial Crime Compliance – Client Review Team (FCC CRT). FCC CRT is responsible for ensuring that all client relationships and their accounts comply with internal policies & procedures, regulatory requirements and industry standards. This role involves conducting thorough reviews of client CDD profile and transactions, identifying potential risks and implementing necessary corrective actions.
Key Responsibilities: -
- Client Due Diligence: Conduct comprehensive reviews of client profiles, ensuring that all required information and corroborative evidence is collected, verified and up-to-date.
- Transaction Monitoring: Analyze and review client transactions during the review process to identify unusual or suspicious activities, escalating issues and conduct investigation as necessary.
- Regulatory Compliance: Stay informed about relevant laws, regulations and industry practice (e.g. AML, KYC, Sanctions and Tax related area) and ensure the bank’s practices align with these requirements.
- Risk Assessment: Assess potential risks associated with client relationships/ accounts and suggest appropriate mitigation strategies.
- Collaboration: Work closely with various departments and stakeholders (locally and overseas) to address FCC related issues and provide guidance/ advice; assist Head Office to ensure the Hong Kong business is in compliance with the standard required by the Hong Kong Monetary Authority and the Monetary Authority of Singapore
- Reporting: Support ad-hoc MI reporting and prepare detailed reports on client reviews, compliance findings, and trends for senior management and regulatory bodies.
- Training: Assist in the development and delivery of training programs for staff on compliance policies and procedures.
- Policy Development: Contribute to the development and enhance of compliance policies and procedures to ensure the regulatory expectations and industry standards are met.
Work Experience and Requirements
- Minimum 3 years of experience in compliance, risk management or a related field, preferably within a private banking context
- Strong understanding and knowledge of banking regulations, AML rules, compliance frameworks, and risk assessment and methodologies
- Strong analytical, problem solving and research skills
- Proficient in English and Chinese (both Mandarin and Cantonese)
- Excellent communications skills, both verbal and written
- Have both teamwork and individual contributor skills
- Able to work under a stress and multi-cultural environment
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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.
