AVP, Sanction

OCBC Bank (Hong Kong) Limited; Hong Kong; On-site; HKD 900,000 - 1,400,000; Full time

Benefits offered by this job

Competitive base salary

Holistic benefits

Comprehensive learning & development

Wellbeing & growth support

Friendly, supportive team

Job summary

OCBC Bank (Hong Kong) Limited invites an experienced professional to join our Sanctions Compliance team. You will stay abreast of evolving sanctions regulations, conduct risk assessments and advise business units on sanctions impact.

You will lead investigations, maintain internal watchlists, and support system enhancements with stakeholders. Fluency in English and at least 7 years in AML/sanctions compliance are required, with VP level considered for senior candidates.

Qualifications

• Minimum 7 years in AML/sanctions compliance in banking.
• Familiar with AML regulations and international sanctions (UN/OFAC/EU).
• Strong analytical, presentation and problem-solving skills.

Responsibilities

• Advise business units on sanctions issues and regulatory impact.
• Conduct risk assessments on sanctions hits from screening.
• Conduct sanctions investigations and reviews.
• Maintain sanction-related internal watchlists.
• Participate in system enhancement UAT and ad-hoc tasks.

Skills

Sanctions compliance

AML/CFT

Analytical skills

Regulatory knowledge

English fluency

Independent judgement

Banking products

Presentation skills

Education

Degree in law/finance/accounting

AML/CFT professional qualification

Job description

WHO WE ARE:

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here. As the longest established Singapore bank, formed in 1932 from the merger of three local banks, we have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.

Purpose of the role:

To excel in this role, you'll need to stay up-to-date with evolving sanctions regulations and emerging trends. You'll work collaboratively with stakeholders to implement effective sanctions controls, conduct thorough risk assessments, and provide guidance on compliance matters. Your analytical skills and attention to detail will be essential in identifying potential risks and developing mitigation strategies.

What You Will Be Doing:

• Advise business units and support units on Sanctions issues and potential impact of regulatory requirements
• Conduct risk assessment on sanctions related hits triggering from name and transactional screening
• Conduct sanctions investigations
• Provide comments on customer review from sanctions perspective
• Maintain the sanction-related internal watchlist
• Conduct user acceptance test on system enhancement project
• Handle ad-hoc tasks as assigned

What We Are Looking For:

• Degree holder preferably in law, finance, accounting or related disciplines
• Professional qualification on AML/CFT, e.g AAMLP/ CAMLP, CAMS, CGSS, etc. is an advantage
• At least 7 years working experience in AML/ sanctions compliance in banking industry
• Familiar with AML regulatory requirements and international sanctions regulations from UN, OFAC, EU, etc.
• Strong analytical, presentation and problem-solving skills
• Sound knowledge of banking products and operations
• Able to work independently and make sound judgement
• Proficiency in both written and spoken English
• More experience candidate may be considered as VP, Sanction

What we offer:

• Competitive base salary.
• A suite of holistic, flexible benefits to suit every lifestyle.
• Community initiatives.
• Industry-leading learning and professional development opportunities.
• Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
• Let’s build the bank we need for the future we want.
• Find the best version of yourself in a friendly, supportive team.
• Build lasting value in your community.
• Help people grow their assets, business, and investments.
• Take your learning as far as you can.
• Or simply enjoy a vibrant, future-ready career.
• Your Opportunity Starts Here