Business Compliance Manager

OCBC Bank; Singapore; On-site; SGD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Community initiatives

Learning & development opportunities

Wellbeing & growth

Job summary

OCBC Bank in Singapore is seeking a Business Compliance Service Manager within the EmB Business Compliance Team to review surveillance for corporate accounts to manage AML/CTF/ sanctions risks. You will be highly accurate and meticulous in analysing transactions, identifying risks, and recommending remedial action within set timelines.

You will collaborate with Relationship Managers and internal stakeholders, conduct research, and contribute to fostering a compliant culture.

Qualifications

• Minimum 3 years of relevant experience.
• Good grasp of local regulatory, KYC and AML guidelines and aware of bank controls and AML risk.
• Proficiency in MS Office applications, World-Check or Factiva.
• Keen eye for detail and excellent communication and interpersonal skills.
• Ability to articulate thought processes clearly, concisely and effectively.
• Ability to multi-task and work well in high pressure environment to meet deadlines.

Responsibilities

• Perform triggering event reviews on customer accounts promptly.
• Identify, analyze and elevate potential AML risks.
• Generate independent recommendations regarding AML risks.
• Identify and escape any unusual activity or transaction activity inconsistent with client profile and file UTRs where required.
• Collaborate with business users and project team members on problem resolution, project initiation, implementation and post implementation support.
• Conduct research via available Bank systems, commercial databases and the internet.
• Contribute to developing and ensuring a compliant culture within the business users.

Skills

AML risk analysis

Regulatory knowledge

Problem solving

Communication skills

Interpersonal skills

Multi-tasking

Education

Bachelor's degree

Tools

MS Office

World-Check

Factiva

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. Join OCBC in shaping our compliance culture for our customers and communities today.

Why Join At OCBC

At OCBC, we uphold integrity as one of our core values and place a strong emphasis on having a strong compliance culture. The Business Compliance Service Manager role within the EmB Business Compliance Team is responsible for reviewing and carrying out surveillance work on Corporate accounts (Emerging Business) to manage risks pertaining to anti-money laundering, counter-terrorism financing or economic and trade sanctions. The Business Compliance Service Manager is expected to be highly accurate and meticulous in analysing account transactions. When a transaction or event poses a risk to the bank (reputational or potential breach of law, sanction of regulation), the successful candidate is expected to identify and recommend or take remedial action to mitigate the risk. The candidate is thereafter required to complete reviews within the stipulated timeframe. Are you ready to develop your potential within OCBC’s EmB Business Compliance Team?

What you do

• Perform various types of triggering event reviews on customer accounts in a timely and efficient manner.
• Identify, analyze and elevate potential AML risks.
• Generate independent recommendations regarding AML risks.
• Identify and escape any unusual activity or transaction activity inconsistent with client profile and file UTRs where required.
• Collaborate with business users and project team members on problem resolution, project initiation, implementation and post implementation support.
• Conduct research via available Bank systems, commercial databases and the internet.
• Contribute to developing and ensuring a compliant culture within the business users.

During your time with us, you can expect to:

• Enrich your knowledge on local regulations, bank controls and AML risk within the Emerging Business.
• Be part of an environment that supports your development and recognises your achievements.
• Make connections that will advance your career in the business banking industry.
• Sharpen your interpersonal, analytical and research skills.

Who you work with

• Liaise with customers or Relationship Managers to obtain updated client information.
• Liaise with internal stakeholders mainly from line 1 and line 2 for case assessment and review as and when required.

We are looking for degree holders who possess:

• Minimum 3 years of relevant experience.
• Good grasp of local regulatory, KYC and AML guidelines and good awareness of bank controls and AML risk.
• Proficiency in MS office applications, World check or Factiva.
• Keen eye for detail and excellent communication and interpersonal skills.
• Ability to articulate thought processes clearly, concisely and effectively.
• Ability to multi-task and work well in high pressure environment to meet deadlines.

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.