Business Compliance Officer - FI AML Name Screening

Singapore, Singapore
May 04, 2022
May 18, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The position of the FI AML Name Screening Officer is part of the in-business Global Financial Institutions AML team and reports to the FI AML Head. The FI AML Name Screening Officer is responsible for reviewing escalated alerts from the name screening system generated on OCBC Financial Institution Clients.

Roles and Responsibilities:
  • Investigate alerts generated from name screening system by reviewing KYC/CDD and client documentation stored in the Bank's records
  • Conduct research via available Bank systems and commercial databases as well as internet searches
  • Perform outreach to customers for further information to disambiguate alert hits
  • Ensure review and disposition are adequately documented and completed within planned timelines
  • Review, evaluate and handle name screening hits relating to Political Exposed Person (PEP), sanctions and negative news related to clients
  • To assess whether the name screening hit is material to recommend a trigger event review
  • Interface with relevant units and the business relating to compliance reviews, investigation, as well as other ad-hoc projects
  • Assist with compliance audits, including internal and MAS-related audits

  • University degree in Accounting/Banking/Finance or related discipline
  • Diploma holders / A level holders with 2-3 years banking experience will be considered
  • Experience in performing enhanced due diligence reviews of high-risk clients, reviews of client transactions and/or AML investigations is an advantage
  • Working knowledge of sanctions is an advantage
  • Proficiency in MS office applications / Public Domain searches / Factiva
  • Excellent analytical, interpersonal, communication and writing skills
  • Independent and ability to multi-task and meet multiple deadlines

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