Business Compliance - AM

OCBC Malaysia; Malaysia; On-site; MYR 78,000 - 134,000; Full time

Benefits offered by this job

Competitive salary

Flexible benefits

Professional development

Wellbeing program

Job summary

OCBC Malaysia in Malaysia is seeking a diligent AML/KYC professional to join our compliance team. You will perform onboarding assessments, KYC/CDD checks, document verification, and maintain records to uphold AML/CFT regulatory guidelines.

You will collaborate with business units, conduct EDD on higher-risk clients, stay updated on regulations, and support process improvements. A degree in Banking/Finance and 2–3 years in banking is preferred; Mandarin is a plus.

Qualifications

• Onboarding assessments including KYC and CDD, document verification and beneficial ownership checks.
• AML/CFT regulatory knowledge and policy adherence.
• Experience in risk and compliance functions is advantageous.

Responsibilities

• Perform onboarding assessments on new and existing customers, including KYC and CDD, document verification, background checks, and establishing beneficial ownership to ensure AML/CFT regulatory guidelines.
• Perform AML alert assessments and closures on the Bank's screening system.
• Conduct Enhanced Due Diligence (EDD) on higher-risk customers and implement risk mitigation.
• Collaborate with business units to conduct AML/CFT assessments during onboarding.
• Provide timely status updates and maintain detailed records for tasks.
• Participate in ad hoc projects and duties as assigned by management.
• Maintain up-to-date knowledge of AML/CFT laws and industry practices to uphold standards.

Skills

KYC

CDD

AML compliance

Risk management

Audit

Compliance

Leadership

Communication

Mandarin

Analytical

Teamwork

Detail-oriented

Education

Banking/Finance degree

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.

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.

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.