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Business Compliance Service Manager (Reviewer)

Singapore, Singapore
Closing date
Jun 19, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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 UTRs 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

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!

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