AVP, Anti Money Laundering Advisory

OCBC Bank; Singapore; On-site; SGD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive salary

Flexible benefits

Community initiatives

Learning & development opportunities

Job summary

OCBC Bank is seeking an AML Advisory Specialist in Singapore to provide risk-based AML/CFT and financial crime compliance guidance across business units. You will assess high-risk relationships, transactions and initiatives, offering practical mitigations and ensuring regulatory alignment.

You will collaborate with Compliance, Operations, Risk and Business teams, staying current on MAS/AML standards and delivering clear, actionable guidance for risk management and responsible growth.

Qualifications

• Bachelor's Degree in Law, Finance, Accounting, Business, Risk Management, or a related discipline.
• At least 5 years of AML/CFT, Financial Crime Compliance, or related risk management experience.
• Strong knowledge of MAS Notice 626, MAS Guidelines, FATF, Wolfsberg Principles and industry best practices.
• Experience in AML/CFT advisory, customer risk assessments, EDD reviews, and risk management.
• Understanding of due diligence, beneficial ownership, source of wealth/funds, sanctions risk.
• Solid analytical and problem-solving abilities and stakeholder engagement.
• CAMS or ICA qualifications are advantageous.

Responsibilities

• Provide risk-based AML/CFT and financial crime advisory to business units.
• Assess high-risk customers, transactions, products and initiatives with recommendations.
• Identify emerging financial crime risks with practical mitigation measures.
• Advise on AML/CFT regulatory requirements and policy interpretation.
• Support implementation of new regulations and regulatory expectations across the business.
• Challenge and provide independent risk assessments on onboarding and activities with higher risk.
• Participate in projects and product launches to ensure risk controls.
• Monitor regulatory developments and translate into guidance for stakeholders.
• Prepare risk assessments and management updates for senior governance forums.
• Collaborate with Compliance, Operations, Risk and Business teams to strengthen controls.

Skills

AML/CFT advisory

Regulatory compliance

Stakeholder management

Risk assessment

Analytical skills

Education

Bachelor's Degree

Tools

CAMS

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. 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.

Why Join

As an AML Advisory Specialist, you play a critical role in safeguarding OCBC and its customers against money laundering, terrorist financing, sanctions breaches, and other financial crime risks. You will partner closely with Business Units and stakeholders to provide risk‑based AML/CFT advisory, support regulatory compliance, and strengthen the Bank's financial crime risk management framework. This is a challenging and rewarding role for individuals who have a strong understanding of AML/CFT regulations, possess sound risk assessment capabilities, and are passionate about driving effective compliance outcomes while enabling responsible business growth.

How you succeed

To succeed in this role, you will need to maintain a strong understanding of evolving AML/CFT regulations, regulatory expectations, and emerging financial crime typologies. You will work collaboratively with Business Units, FCC stakeholders, and regional teams to identify, assess, and mitigate AML/CFT and sanctions risks. Your success will be driven by your ability to provide practical risk‑based advice, exercise sound judgment on complex customer and transaction risk matters, and balance regulatory compliance with business objectives.

What You Do

Provide risk-based AML/CFT and financial crime compliance advisory to business units, balancing regulatory requirements with business objectives.

Assess higher‑risk customer relationships, transactions, products, and business initiatives, and provide recommendations to manage financial crime risks effectively.

Partner with business and control functions to identify emerging financial crime risks and develop practical risk mitigation measures.

Advise stakeholders on AML/CFT regulatory requirements, including interpretation and application of policies and procedures.

Support the implementation of new regulations, policies, and regulatory expectations, providing guidance to ensure effective adoption across the business.

Challenge and provide independent risk assessments on customer onboarding, transactions, and business activities involving higher financial crime risks.

Participate in projects, product launches, and process change initiatives, providing compliance input to ensure risks are appropriately identified and mitigated.

Monitor financial crime risk trends, regulatory developments, and industry best practices, and translate these into actionable guidance for stakeholders.

Prepare and present risk assessments, recommendations, and management updates to senior stakeholders and relevant governance forums.

Work closely with Compliance, Operations, Risk, and Business teams to strengthen the effectiveness and efficiency of financial crime risk management processes and controls.

Who you are

Bachelor's Degree in Law, Finance, Accounting, Business, Risk Management, or a related discipline.

At least 5 years of relevant experience in AML/CFT, Financial Crime Compliance, AML Risk Advisory, or a related financial crime risk management function within the banking or financial services industry.

Strong knowledge of the MAS Notice 626, relevant AML/CFT regulations, MAS Guidelines, FATF Recommendations, Wolfsberg Principles, and industry best practices.

Demonstrated experience in AML/CFT advisory, customer risk assessments, EDD reviews, and financial crime risk management.

Sound understanding of customer due diligence requirements, beneficial ownership, source of wealth/source of funds assessments, and sanctions risk considerations.

Strong analytical and problem‑solving skills with the ability to assess complex risk scenarios and provide practical, risk‑based recommendations.

Excellent stakeholder management, communication, and influencing skills, with the ability to engage effectively across business and compliance functions.

Strong organizational skills, attention to detail, and ability to manage multiple priorities in a fast‑paced environment.

Professional certifications such as CAMS, ICA, or equivalent AML‑related qualifications will be an advantage.

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.