Client Due Diligence Specialist, Front Line

Client Due Diligence Specialist, Front Line Regulatory Compliance (Manager)

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

Front line Regulatory Compliance Advisory is a specialist unit within the Global First Line Risk and Controls (GFLRC) that advises and assists front office primarily in Cross Border Marketing Guidelines (C.B.M.G) and other regulatory compliance related matters.

As a 1.5 Line-Of-Defence the team works closely with Regulatory Compliance Unit (RCU) and Front Office to effectively implement and maintain the compliance framework of the bank.

**Roles and Responsibilities**
- Advising front office on interpreting and adherence of various Regulatory Compliance Policies and Procedures
- Work with the RCU (second line) in reviewing and providing front office related inputs to proposed changes to policies and procedures.
- Conduct business impact analysis of the proposed changes for the business heads.
- Highlight potential issues and recommend compensating controls to business heads, to balance the compliance and commercial interests effectively.
- Conduct awareness and training sessions for front office to enhance their understanding of the existing policies or any upcoming changes.
- Work closely with various stakeholders (Front office, Compliance, operations etc) to embed and operationalise the controls to ensure compliance with existing and or new policy changes.
- Collaborate with Front Office to drive completion on various remediation and review exercises.
- Assist in tracking of issues and actions escalated by Front Office or management.
- Attend management meetings, forums and discussions and effectively articulate regulatory risks and or business impacts in a rationale and balanced manner.
- In the event of a potential or actual breach of a policy, conduct an independent assessment and provide recommendation to second line.
- Assist in conducting reviews/sample testing on a risk-based approach to ensure Front Office staff meet the regulatory and Bank policy requirements.
- Monitoring of staff travel under Cross Border Marketing Guidelines - Length of Stay restrictions.
- Lead projects or process improvements assigned by management.
- Facilitate the consolidation of MIS reports for management reporting and support in various risk and governance forums/committees.

**Qualifications**

**Preferred Skills**
- Good understanding of the regulatory environment, compliance frameworks and its applicability to Private Banking clients.
- Understanding of Private Banking set up, general products and services, along with its risks.
- Ability to take a rational approach in balancing the regulatory risks and commercial interests.
- Strong risk management skills, designing and implementing effective and sustainable control framework is necessary.
- Ability to work with various stakeholders and senior management to yield desired outcomes in a disciplined and consistent manner.

**Qualifications and Education Requirements**
- 5 or more years of experience in compliance, controls, and related departments in a Private Banking environment.
- University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.

Job ID 230001R6