AML Analyst

OCBC Group; Singapore; On-site; SGD 60,000 - 90,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Job summary

OCBC Group is seeking a proactive AML risk professional within CARM under the Consumer Financial Services Singapore unit. You will analyse customer profiles and transactions for sanctions, ML and TF risks, prepare risk assessments, and recommend mitigations for senior management.

The role involves due diligence reviews, reporting, and collaboration with compliance teams. Ideal candidates hold a diploma or degree with 2+ years in sanctions/AML/CFT operations.

Qualifications

• Diploma or Degree holders aspiring to develop a career in AML risk management.
• Strong understanding of sanctions, AML/CFT controls and regulatory requirements.
• Excellent analytical and problem-solving abilities; meticulous and proactive.

Responsibilities

• Analysing customers’ profiles and transactions for sanctions, AML and TF risks.
• Providing risk assessments and highlighting key risk areas for senior management.
• Recommending mitigations and ensuring implementation of approved strategies.
• Managing escalations, due diligence reviews, and collaboration with compliance teams.

Skills

AML risk management

Sanctions screening

ML/TF risk assessment

Stakeholder collaboration

Analytical thinking

Problem solving

Education

Diploma or 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.# **Job Description***CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Business Risk Management Team (BRMT) and CFS AML & Sanctions Advisory Team to manage CFS AML Risk in a highly demanding and fast paced environment, with opportunities and exposure in the area of proactive AML risk management for aspiring AML expertise individuals.* ***Key Responsibilities****1. Analysing new and existing customers’ profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF);**2. Providing relevant sanctions/ML/TF risk assessments of customers’ profiles and transactions, highlighting any key risk area(s) for attention;**3. Recommending effective risk mitigating strategies for senior management consideration; and**4. Implementing approved risk mitigating strategies by ensuring thorough and consistent execution* ***Key Learnings & Duties****Key learnings and duties include 1 or more of the following AML/CFT control and risk mitigation activities:**1. Processing of escalated name screening alerts and/or transaction activities alerts;**2. Processing of priority requests from compliance or local authorities;**3. Reviewing and/or filing of internal Suspicious Transaction Reports (UTR) to assess if further escalation to Group Regulatory Compliance Unit for STR filing is required;**4. Conducting Standard or Enhanced Customer Due Diligence reviews;**5. Managing customers and internal stakeholders’ request for information and documents;**6. Exiting and closure of customer banking relationships;**7. Tracking of activities progress through MIS update and reporting;**8. Providing AML advisory support to internal stakeholders where required; and 9. Participating in on demand risk management projects and activities, including optimisation, RPA and AI RegTech initiatives.* ***Academic Requirement****Diploma or Degree holders aspiring to develop a career in AML risk management* ***Experience****Added advantage for individual with:**1. Minimum 2 years of Sanctions/AML/CFT operational experience and/or**2. Certification in Sanctions / AML / CFT* ***Technical Skills****Technical knowledge and understanding of Singapore’s regulatory requirements relating to sanctions, money laundering and terrorism financing* ***Personal Traits****1. Passionate in developing a career in AML risk management**2. Independent self-starter with a strong positive mindset and self-motivation ability**3. Meticulous, committed and focused**4. Possesses an inquisitive mind and raises critical challenges to augment current work processes**5. Strong analytical and problem-solving abilities**6. Has a good sense of risk acumen**7. Ability to influence and collaborate well with stakeholders and team members 8. Good written and oral communication skills and ability to interact effectively with people at different levels**9. Forward looking and embraces technology to drive efficient and effective AML risk management.*# # # **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.### Collaboration & Teamwork*If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!*