Business Compliance Specialist, Corporate Banking Compliance

7 days ago

Singapore OCBC (Singapore) Full time

Job Description - Business Compliance Specialist, Corporate Banking Compliance (AVP) (250000D3)
Why join:
We are looking for a talented, independent and collaborative team player to join our Corporate Banking Compliance/ Advisory, Review & Reporting (“CBC ARR”) team. Don’t miss this valued opening to step into the world of corporate banking whilst having the opportunity to participate in innovative projects geared towards the ever-changing needs of our environment.
This role is for a Business Compliance Specialist, reporting into Corporate Banking Compliance’s Trigger Event Review Team. The candidate’s main responsibilities are listed as follows and will be primarily responsible for performing investigations using bank proprietary systems as well as triggering event reviews.
What you do:
Perform Customer Due Diligence (“CDD”) using bank proprietary systems as well as transaction review of customers flagged out through the models as part of CDD Uplift efforts.
Conduct triggering event reviews on customers including the mapping of the customer’s organization structure, name screening of individuals/entities using prescribed search engines such as Dow Jones Factiva, Google and bank proprietary systems.
Liaising with the Front Office Business Units and Group Financial Crime Compliance team for information/clarification in relation to work assessment.
Identify and escalate any unusual activities/transaction activities that are not consistent with client profile, prepare Unusual Transactions Report (UTR) for submission to Group Financial Crime Compliance Team.
Ensure that all tasks are completed/submitted in accordance with the department’s desk manual, group policies and regulatory requirements within the agreed timelines/Service Level Agreements.
Review and update of related policies & procedures, which includes impact assessment on work processes.
Handling of Internal and/or external audit, conduct training and participate in ad hoc projects, where applicable.
Other duties where assigned.
Who you are
Minimum 6 years of experience Anti-Money Laundering/CDD/Sanctions related experience, preferably in the corporate banking environment.
A good understanding of money laundering, terrorist financing and sanctions issues, including policies, procedures, sanctions, regulations, industry best practice, developing trends and knowledge of trade finance transactions reviews are required.
Candidates with the following experiences/qualifications would have an added advantage:
Performing CDD for corporate customers, or in formulating and analysing data analytics models.
Solid knowledge on trade finance products and understand trade-based money laundry typologies.
Handling of internal audit and/or external audit.
Hands-on experience in assurance testing.
Professional certification such as ICA or ACAMS would be an added advantage.
Good interpersonal and presentation skills.
High proficiency in written and spoken English.
Is mature and able to work under pressure and meet timelines.
Degree Holder.
Who you work with
Corporate Banking Compliance ("CBC") was established to centralise anti-money laundering and countering the financing of terrorism (AML/CFT) Compliance functions for the Singapore business units within Global Corporate Banking. CBC will optimise common AML/CFT Compliance activities across Wholesale Corporate Marketing and Global Real Estate, ensure consistency in KYC CDD processes and best practices for AML/CFT across these departments. CBC also advises and supports the business in managing regulatory risk and controls in FATCA, CRS and sanctions matters.
Who we are
Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life 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. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.
And so whether you want to innovate needs-based 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.
What we offer
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.
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