Business Compliance - AM

OCBC; Kuala Lumpur; On-site; MYR 39,060 - 55,800; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Learning and development opportunities

Job summary

A leading bank is seeking a Business Compliance - AM to conduct compliance assessments for new and existing customers. You will perform KYC and CDD, and collaborate with business units on AML regulations. Ideal candidates have a degree in finance or related fields and 2-3 years of experience in financial services. This full-time role offers competitive salary and development opportunities.

Qualifications

• 2-3 years of experience in banking or financial services.
• Experience in Risk Management, Audit, or Compliance is advantageous.
• Ability to work under pressure and manage multiple tasks.

Responsibilities

• Perform onboarding assessments on customers including KYC and CDD.
• Conduct Enhanced Due Diligence on higher-risk customers.
• Maintain knowledge of AML/CFT laws and regulations.

Skills

Knowledge of AML/CFT regulations

Leadership potential

Analytical skills

Communication skills

Education

Degree in Banking, Finance, Business, Accounting, or Economics

Job description

Join to apply for the Business Compliance - AM role at OCBC

Responsibilities

• Perform onboarding assessments on new and existing customers, including Know Your Customer (KYC) and Customer Due Diligence (CDD), document verification, background checks, and establishing beneficial ownership to ensure compliance with AML/CFT regulatory guidelines and the Bank’s policies and procedures.
• Perform AML alert assessments and closures raised on the Bank’s screening system.
• Conduct Enhanced Due Diligence (EDD) on higher-risk customers and implement appropriate risk mitigation measures.
• Collaborate closely with business units to conduct AML/CFT assessments throughout the customer onboarding process.
• Provide timely and accurate status updates, maintaining detailed and organized records for all assigned tasks.
• Participate in ad hoc projects, initiatives, and other duties as assigned by supervisors and management.
• Maintain up-to-date knowledge of AML/CFT laws, regulations, and industry best practices to uphold compliance standards.

Requirements

• Professional qualification or university degree in Banking, Finance, Business, Accounting, Economics, or a related field.
• Candidates with 2 to 3 years of relevant experience in banking, financial services, or related areas are encouraged to apply. Experience in Risk Management, Audit, or Compliance will be considered an advantage.
• Solid knowledge and understanding of regulations related to anti-money laundering, terrorism financing, proliferation financing, and financial crime.
• Demonstrated leadership potential and good people management skills.
• Strong written and verbal communication skills, with the ability to communicate effectively at different levels. Proficiency or understanding of Mandarin is an added advantage.
• Ability to work well under pressure, meet deadlines, and manage multiple tasks.
• Good analytical and problem-solving skills.
• Enthusiastic, flexible, and willing to take on new challenges and responsibilities.
• Good interpersonal skills and a team-oriented attitude.
• Detail-oriented and energetic.
• Committed to providing excellent service and maintaining high work quality.

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.

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Other
• Industries
• Banking