CARM is a specialised AML & Sanctions Risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with Group Legal and Regulatory Compliance to manage CFS AML and sanctions risks in a highly demanding and fast paced environment, with opportunities and exposure in proactive AML risk management for aspiring AML expertise individuals.
As part of CFS, CARM team manager must be able to provide effective risk management strategies and action plans that meet both the requirements of AML/CFT compliance, while continuing to support internal stakeholders in achieving business growth as well as top in class customer banking experiences.
Reporting to the Head of CARM, the candidate will lead a team of AML analysts and senior analysts with key responsibilities covering a range of AML/CFT control and risk mitigation activities with regard to the Premier Private Banking clients (“PPC”) segment.
Educational and Work Experiences:
Diploma or Degree holders with minimum 8-10 years of direct and broad based Sanctions/AML/CFT or risk management experiences. Candidates with risk and control monitoring background and demonstrated team management experience in private banks or retail banks managing higher networth segment is highly preferred.
Diploma or ACAMS certification in AML / CFT or Risk Management
Strong technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.
Knowledge of regulations governing the consumer banking business and consumer banking products.
Constantly keeping abreast of developments in Sanctions, ML/TF Risk typologies, measures and risk management. Collaborate with the relevant stakeholders to innovate and/or adopt best industry practices.
Forward looking and embraces technology to drive efficient and effective AML risk management.