Business Compliance Officer, Corporate Banking Compliance, Global Corporate Banking

Employer
OCBC Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
Aug 12, 2022
Closes
Aug 16, 2022
Ref
16350208
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Roles & Responsibilities:
This resource is a mid-level hire with specific objective to support Global Corporate Banking business in all compliance related risks. Candidate will:
  • Assist to develop and drive action plans and strategies for the business, engaging both internal/external stakeholders to ensure that the Division is in full compliance with the Bank's prescribed rules, procedures, and policies as well as external legal rules and regulations.
  • Undertake advisory role and provide guidance and training and support to the business units within Global Corporate Banking.
  • Assist to manage and co-ordinate, internal and external audits including regulatory inspections and to follow up and satisfactorily close on any issues raised.
  • Perform ongoing business compliance risk assessment and independent assurance activities (testing & ongoing monitoring) to assess the effectiveness of key controls designed to address business compliance risk, escalating control issues and management escalation and reporting.
  • Proactively identify areas for improvements and assist to implement/enhance procedures, processes, internal controls to strengthen the first line of defence.
  • To identify and work with the analytics team / IT on digital initiatives and system automation to increase operational efficiencies.
  • Knowledge in trade finance AML/CFT controls and the application of digitalisation, technologies and data analytics would be a clear advantage.
  • Assist in improving AML/CFT/Sanctions framework and governance for the business and to provide support and participate in related projects.
*LI-JX

Qualifications
Requirements:
  • An experienced compliance officer with strong compliance risks knowledge
  • At least 4 - 6 years' experience in a compliance role in a financial institution, preferably in the corporate banking environment.
  • Hands-on working familiarity with compliance related matters especially with the implementation and operationalization of regulations, rules, policies and processes related AML/CFT and Sanctions risk.
  • Experience in dealing with external and internal auditors is necessary
  • Experience in supervising &/or leading a team &/or projects would be an advantage
  • The ideal candidate is a team-player with the ability to see beyond his/her job-scope and work with the business unit colleagues to realise business goals and targets
  • Is mature and able to work under pressure and meet timelines
  • Is articulate and assertive with good interpersonal, analytical and writing skills
  • Willingness to learn and grow on the job

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