Compliance Officer / Compliance Manager, Client Monitoring (Corporate Title: Associate/ Senior Associate/ Associate Director)

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank of Singapore
  • 22 Jul 18 2018-07-22

Compliance Officer / Compliance Manager, Client Monitoring (Corporate Title: Associate/ Senior Associate/ Associate Director)

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.
Start your career with Bank of Singapore as a Compliance Officer/ Compliance Manager in the Client Monitoring Team! !

The job holder will assist the Team Head of Client Monitoring in ensuring smooth operations of AML Monitoring functions. He/She will be involved in the day-to-day operations of AML Monitoring including review of transaction surveillance alerts, Safewatch filtering and filing of STRs. He/She will also assist the Team Head in consolidating and preparing monthly AML Monitoring reports and statistics for Management Reporting.

Main Duties

  • Investigate into suspicious transactions and/or activities and ensure timely review and closure of alerts.
  • Review of alerts/hits arising from Safewatch filtering.
  • Provide compliance advisory on AML/CFT matters including sanctions requirements.
  • 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; and local good guys and blacklists to relevant AML systems; disseminate such lists to overseas BOS offices as relevant.
  • Assist in the providing feedbacks on requests for AML questionnaire (such as requests received from correspondence banks and counterparties).
  • Prepare and submit suspicious transaction reports to local authorities.
  • Contribute and participate in AML Monitoring initiatives and provide guidance to junior members of the team.
  • 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 AML Monitoring Team.
  • Assist in the compliance risk assessment of BOS AML/CFT processes.
  • Contribute, update and implement AML/CFT related policy and procedures concerning AML Monitoring.
  • Contribute to the development and maintenance of the parameters and thresholds within AML Transaction Surveillance Systems.
  • Conduct routine or other ad-hoc monitoring activities on AML/CFT areas.
  • Coordinate and conduct trainings related to AML Monitoring.

  • Experience in AML/CFT Compliance, preferably in AML monitoring
  • Candidates with experience in Mantas system or equivalent platform are preferred.
  • Strong analytical skills
  • Good inter personal skills
  • Competent with control and risk framework
  • A good Team Player
  • Candidates with related AML Qualifications such as ICT Diploma in AML and/or ACAMS will have added advantage.

Bachelor's Degree