At OCBC, we uphold integrity as one of our core values and place a strong emphasis on having a strong compliance culture. The Business Compliance Service Manager role within the EmB Business Compliance Team is responsible for reviewing and carrying out surveillance work on Corporate accounts (Emerging Business) to manage risks pertaining to anti-money laundering, counter-terrorism financing or economic and trade sanctions.
The Business Compliance Service Manager is expected to be highly accurate and meticulous in analysing account transactions. When a transaction or event poses a risk to the bank (reputational or potential breach of law, sanction of regulation), the successful candidate is expected to identify and recommend or take remedial action to mitigate the risk. The candidate is thereafter required to complete reviews within the stipulated timeframe.
Are you ready to develop your potential within OCBC’s EmB Business Compliance Team?
Essential Duties and Responsibilities:
Perform various types of triggering event reviews on customer accounts in a timely and efficient manner
Identify, analyze and escalate potential AML risks
Generate independent recommendations regarding AML risks
Liaise with customers or Relationship Managers to obtain updated client information
Identify and escalate any unusual activity or transaction activity inconsistent with client profile and file STRs where required
Collaborate with business users and project team members on problem resolution, project initiation, implementation and post implementation support
Conduct research via available Bank systems, commercial databases and the internet
Contribute to developing and ensuring a compliant culture within the business users
Growth opportunities During your time with us, you can expect to:
Enrich your knowledge on local regulations, bank controls and AML risk within the Emerging Business
Be part of an environment that supports your development and recognises your achievements
Make connections that will advance your career in the business banking industry
Sharpen your interpersonal, analytical and research skills
Qualifications We are looking for degree holders who possess:
Minimum 1 year of relevant experience
Good grasp of local regulatory, KYC and AML guidelines and good awareness of bank controls and AML risk
Proficiency in MS office applications, World check or Factiva
Keen eye for detail and excellent communication and interpersonal skills
Excellent command of spoken and written English and/or other languages
Ability to articulate thought processes clearly, concisely and effectively
Ability to multi-task and work well in high pressure environment to meet deadlines
Join OCBC in shaping our compliance culture for our customers and communities today.