• Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 2018-10-15

AML Compliance

AML Compliance

Advisory
  • Provide advisory to business unit as AML/CFT subject matter expert
  • Review Business Unit's Customer Due Diligence assessments (onboarding or periodic review) and provide concurrence from Compliance perspective
  • Responsible for implementing and monitoring any initiatives in respect of the Group AML/CFT programs and working with relevant stakeholders to operationalise at front line
  • Keep abreast of AML/CFT, sanction laws, regulations and developments, analyse and provide update to relevant stakeholders on such developments
  • Conduct regular outreach sharing program to Business Unit of latest typologies/trends on managing the firm financial crime risks
  • Review and approve any new capital market products

Transaction Monitoring
  • Review and assess daily/monthly screening alerts
  • Review daily/monthly transaction monitoring alerts, investigate for suspicious activity
  • Assist in drafting and filing of Suspicious Transaction Report (STR) to regulators on timely manners
  • Undertake post-mortem assessment on the STR filed for sharing of current trend with relevant stakeholders
  • Assist to review and optimise Transaction Monitoring rules, balancing alert volume and risk coverage
  • Assist in complying with production order from regulators
  • Timely uploading of internal watch list onto screening system on timely manner

Governance
  • Responsible for reporting of relevant AML/CFT key metrics on periodic basis
  • Assist in Enterprise Risks Assessment projects
  • Lead and prepare the Annual Compliance Plan and follow through to completion on the action
  • Conduct AML/CFT training periodically to management and Business Unit
  • Identify any process gaps and work with stakeholders to improve, remediate the gaps and strengthen the controls
  • Review and updates the AML/CFT policies and procedures (include Customer Due Diligence polices)
  • Co-ordinate and manage AML/CFT audits, including internal and MAS-related audits. Track and ensure timely resolution of issues raised
  • Undertake any other AML/CFT related matters or ad-hoc projects


Qualifications
Qualification
  • A university degree in Accounting/Commerce/Finance, Banking or Law or related discipline (certified as an AML specialist with a recognized institution/association (eg ICA or ACAMs) will be advantages
Experience
  • At least 5 years' experience in established financial institution or with regulator (experience in capital markets, stock broking an advantage)
  • Knowledge in banking/brokerage products (experience in brokerage on AML/CFT and knowledge of SGX rules is an advantage)
  • Experience in dealing with Regulators or Audit (internal and external)

Skills
  • Proficient in writing with strong communication and interpersonal skills
  • Strong attention to details, analytical, investigation, with good interpersonal and communication skills
  • Self-driven with high level of initiative and follow-through skills
  • Able to work independently as well as in a team
  • Familiar with Singapore's AML/CFT regulations
*LI-MLIU