Retail Aml and Sanctions Risk Analyst

10 hours ago

Singapore OCBC Bank Full time

**Retail AML and Sanctions Risk Analyst** **-** **(**250000MN**)**

**JOB DESCRIPTION**:
- Conduct risk assessment and due diligence for new accounts to identify potential vulnerabilities related to AML and Sanctions Risk.
- Perform regular review of accounts arising from periodic reviews (PR)and triggering events (TER)
- Analyse challenging or high-risk retail account update/EDD situation and make appropriate recommendations to management to maintain or exit existing relationship
- Review Daily Name Screening hits assessment from Centre of Excellence Team (COE) and ensure that name screening and risk scoring for retail account KYC/ CDD, account updates and Level 2 assessment of name hits are in line with SOP
- Liaise with relevant stakeholders and Trade representatives to obtain additional information or documents such as source of wealth/source of funds to facilitate timely review of TER/EDD/PR, retail account updates and assessment of name hit alerts.
- Manage AML related account exit in timely manner.
- Prepare and file suspicious activity reports and other regulatory reports as necessary.
- Document findings from investigations and create report for management.
- Ensure the relevant checks/screening are performed for the Enhanced Customer Due Diligence (EDD)
- Assist in the development and implementation of internal AML policies, procedures and training programs.
- Recommend effective risk mitigating strategies for senior management consideration
- Ensure proper governance through updating senior management in meetings on regular basis
- Ensure compliance to audit/compliance issues through maintenance, update & revision of policies and procedures in the AML/CFT & Sanctions Risk procedural manuals
- Conduct gap analysis and take necessary actions to resolve identified gaps and align the procedures, practices, and standards with Group Policies
- Conduct training regular on AML typologies and changes in procedures/policies to team members

**Qualifications**

**JOB SPECIFICATION / QUALIFICATION: (please use the excel provided to copy and edit whenever required)**
- Related working experience of at least 5 years
- Excellent understanding of relevant AML/CFT laws and regulations
- Communicates well and able to present and conduct AML training company-wide
- Possess a strong analytical and problem-solving skills with excellent verbal/written communication and interpersonal skills
- Able to communicate effectively through writing
- Able to directly address conflicts and escalate issues where appropriate
- Preferably possess certification in AML related Diploma / ACAMS

**Primary Location**: Singapore

**Job**: Client Review

**Organization**: OSPL Back Office

**Schedule**: Permanent

**Job Posting**: 21-Apr-2025, 10:45:03 AM

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