Risk Model Validation - AM

OCBC Malaysia; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Learning & development opportunities

Equal opportunity

Wellbeing and support

Job summary

OCBC Malaysia is seeking a Risk Model Validation Specialist to join the Consumer Financial Services Risk & Prevention team. You will develop data-driven solutions to improve compliance processes, and build an automated Sales Surveillance system to identify abnormal behaviours.

You will validate suspicious transactions, support AML reporting, and advocate analytics-led approaches using machine learning. You will collaborate with governance and compliance teams, handling daily tasks and ad-hoc

Qualifications

• Experience with data management and analytical functions.
• Exposure to analytical software tools (SAS/R/Spark/Python).
• Familiarity with leading databases (Oracle/Teradata/Hadoop/SQL).
• Experience with reporting tools (Power BI/Tableau/Qlikview) and/or contact platforms (Siebel/Pega).
• Ability to analyze, visualize and describe key trends in large datasets.
• Exposure to ML, statistical modeling and visualization.

Responsibilities

• Work with Consumer Financial Services Risk & Prevention to develop data-driven solutions for compliance processes.
• Develop an automated Sales Surveillance system using predefined rules to identify abnormal sales behaviours.
• Create a system to identify and validate potentially Suspicious Transactions based on past customer behavior.
• Handle daily tasks and ad-hoc requests in support of AML and compliance teams.
• Support regular reporting for AML, Ops Risk and other compliance teams and communicate analytical findings clearly.
• Demonstrate how advanced analytics could move compliance beyond hardcoded rules.

Skills

Data management

Analytical skills

Machine learning

Data visualization

Communication

Teamwork

Pattern recognition

Tools

SAS

R

Spark

Python

Oracle

Teradata

Hadoop

SQL

Power BI

Tableau

Qlikview

Siebel

Pega

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. This is the broad job description of the job profile. Definitive job description should be reviewed and discussed between you and your manager.

Risk Model Validation Specialist

• You will be responsible to work with Consumer Financial Services Risk & Prevention team to develop data driven solutions to improve efficiency of Compliance processes.


• Develop an automated Sales Surveillance system applying predefined rules to identify potentially abnormal sales behaviours.


• Development of an automated system to identify and validate potentially Suspicious Transactions based on past customer behaviour.


• This can be done on an on-going daily basis as well as responding to periodic or ad-hoc requests.


• Support regular and ad-hoc reporting for AML team, Ops Risk & other compliance teams around areas such as customer on-boarding, PDPA statistics and product/channel related statistics.


• Act as a thought leader for Compliance related analytics.


• Demonstrate how advanced analytics techniques – such as machine learning – could move Compliance beyond hardcoded rules type monitoring.


• Regular interaction with compliance teams to understand their business challenges.


• Proactive recommendation on how you think analytics could help them achieve their goals.


• Undertake special assignments/projects as assigned by Supervisor/Management.

Who you are

• Have exposure to data management and analysis functions/analytical functions.


• Have some prior exposure to analytical software tools of leading analytical software tools (such as SAS/R/Spark/Python); leading database environments (Oracle / Teradata / Hadoop / SQL); reporting tools (Power BI / Tableau / Qlikview) and/or contact management platforms (Siebel/Pega).


• Have ability to analyse, identify, visualize and describe key trends within large datasets.


• Have some exposure on machine learning, statistical modelling, visualization.


• Have creativity to see possibilities within the data & translate into decisions and actions for non-technical business users.


• Have good communication skills, with ability to visualise patterns arising out of data analysis and turn these into compelling stories.


• Good teamwork and interpersonal skills to work with all levels of staff and stakeholders.


• Have pleasant personality with good working attitude, able to work independently and has sense of urgency and able to work within tight deadlines.

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.


• Equal opportunity. Fair employment. 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.


• 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.

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.

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.