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MGR/AVP, AML, Financial Investigation Unit Officer, Group Legal and Compliance

Singapore, Singapore
Closing date
Dec 7, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Division Description
Group Legal and Compliance (GLC) supports the Bank in all legal, regulatory and compliance matters. The division ensures that the Bank's businesses comply with policies, procedures and relevant laws, rules and regulations issued by Monetary Authority of Singapore and other local regulators.
Apart from being a legal advisor on litigation, trademark filings and other legality issues where relevant, GLC plays an important role as undertakers of the bank-wide regulatory compliance and anti-money laundering initiatives. This includes developing policies and procedures to manage and mitigate risks relating to money laundering and financing of terrorism, as well as monitoring, detection and combating of money laundering and financial crime activities.

Key Responsibilities:
  • Conduct thorough investigation on unusual transaction reports escalated from the Bank's surveillance systems / business units by performing fund tracing, internal / public domain research
  • Follow up with relevant stakeholders to obtain additional information relevant to the investigation
  • Document findings and recommendation in an investigation report
  • Provide advice or feedback to business units / business compliance on STR related issues for future risk management
  • File Suspicious Transaction Reports (STRs) to the relevant Authorities where required and recommend appropriate risk mitigating measures
  • Liaise with relevant Authorities to handle STR related queries
  • Utilise investigation tools to identify potential emerging ML/TF trends or networks
  • Participate in ad-hoc AML related projects

The ideal Candidate will meet the following requirements:
  • A good University Degree with min. 4 years' of relevant work experience.
  • Fresh Graduates or Candidates with 2 years' work experience are also welcome to apply.
  • Background in AML/CFT investigations and financial fraud is preferred but not essential.
  • Strong attention to details, analytical and investigation skills to make sound recommendations.
  • Proficient in writing with strong communication and interpersonal skills.
  • Self-driven with high level of initiative and follow-through skills.
  • Able to work independently as well as in a team.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.

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