Job Profile Business Compliance - AVP

OCBC Group; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Professional development opportunities

Community initiatives

Job summary

OCBC Group in Malaysia is seeking a Business Compliance Officer to ensure operations meet regulatory requirements. You will work with stakeholders to identify risks and implement controls.

This role emphasizes regular reviews, training staff, and maintaining reports and dashboards to track compliance metrics. A law/business degree and 3-5 years of banking compliance experience are preferred.

Qualifications

• Solid understanding of banking regulations and compliance controls.
• Experience with regulatory requirements and industry trends.
• Ability to analyze data and identify risk factors.
• Excellent written and verbal communication.

Responsibilities

• Conduct regular compliance reviews and audits to identify risks and gaps.
• Collaborate with business units to implement controls and procedures.
• Provide guidance and training on compliance policies.
• Monitor regulatory compliance and breaches.
• Assist in KYC, OFAC, and other internal requirements.

Skills

Regulatory knowledge

KYC/AML expertise

Stakeholder communication

Analytical thinking

Attention to detail

Education

Diploma or Advanced/Higher/Graduate Diploma

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.

Business Compliance Officer

Why Join As a Business Compliance Officer at OCBC, you'll play a critical role in ensuring the bank's operations are conducted with integrity and in compliance with regulatory requirements. You'll have the opportunity to work closely with various stakeholders, identify potential risks, and implement effective controls to mitigate them. This role offers a unique blend of challenge and satisfaction, as you contribute to maintaining the bank's reputation and upholding the trust of our customers.

How you succeed

To excel in this role, you'll need to stay up-to-date with changing regulatory requirements and industry trends. You'll work collaboratively with business units to identify and assess compliance risks, and develop effective controls to manage these risks. Your analytical and problem-solving skills will be essential in identifying potential compliance issues and implementing solutions to address them.

What you do

• Conduct regular compliance reviews and audits to identify potential risks and control gaps
• Collaborate with business units to develop and implement effective compliance controls and procedures
• Provide guidance and training to staff on compliance policies and procedures
• Analyze and interpret regulatory requirements and industry trends to ensure the bank's operations are compliant
• Develop and maintain compliance reports and dashboards to track key metrics and performance indicators

Who you are

• A degree in Law, Business, or a related field, with at least 3-5 years of experience in compliance or a related field
• Strong knowledge of regulatory requirements and industry trends
• Analytical and problem-solving skills, with the ability to identify and assess compliance risks
• Excellent communication and interpersonal skills, with the ability to work collaboratively with various stakeholders
• Strong attention to detail and organizational skills, with the ability to prioritize tasks and manage multiple projects simultaneously
• A proactive and adaptable approach, with a commitment to maintaining the highest standards of integrity and compliance

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.

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.
• Selection based on ability and fit with our culture and values.
• Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

Equal opportunity.

Fair employment.

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

Responsibilities

• Assist in the preparation of compliance related requirement e.g. BB Risk Calculators, Enhanced Due Diligence/ Ongoing Due Diligence (EDD/ODD), AML / Sanction checks etc for Relationship Managers to review and sign-off.
• Obtain the necessary information from customers to complete the compliance assessment for RM’s sign-off / submissions.
• Provide support to Business Units from time to time including KYC, OFAC, appropriateness and other internal and external requirements.
• Monitor and track regulatory compliance and breaches.
• Dealing with all Ops department, i.e. Branch Ops, Contract Financing Dept - MO, Payment Ops, Trade Ops, Investment Ops, Treasury Ops and BOD.
• Calling Branches on transactions issues such as GIRO, RENTAS, TT, statements (bank, trade) requests.
• Liaising with customers on the purpose of transactions done via Velocity in order to ensure the correct CashBOP codes are used after checking with BOD.
• FEA related transactions queries such as inward TT purpose confirmations AML and Sanction (Ename hits) related clarifications such as confirmation of Vessel IMO Numbers with customers for Trade transactions.
• Liaison person between customers and Branch/ Account Services/ MO.
• Guide customers in completing forms and other documents required for Account update and Account Opening.
• Perform diligence reviews for CPs, CRs, Periodic Reviews and Triggering Events (when ODDs are required) and liaise with Middle Office team and Account Services to request update of C2C linking as required.
• Ensure strong and optimal customer service support and seamless customer rapport.
• Act as liaison with various internal operational departments in resolution of customer related issues.
• Other operational duties, including sample checking of transactions for compliance / KYC related and helping RMs to extract documents from WFI.

Requirements

• Candidate must possess at least a Diploma or Advanced/ Higher/ Graduate Diploma in any field.
• Experience/ knowledge of banking is advantageous in the following areas: operations, processes, products, regulations, customer experience etc.
• Minimum 2 years of banking experience.
• Candidates should demonstrate a willingness to contribute positively to the work environment.
• Qualities such as communication, teamwork, problem-solving, and adaptability is vital for this role.
• Preferable for officer who can work with minimum supervision.

About our Bank

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.