CARM Analytics - MGR

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

Benefits offered by this job

Competitive base salary

Holistic benefits package

Learning and development opportunities

Job summary

OCBC Bank in Singapore seeks an AML risk management professional to support the CARM team in assessing sanctions, AML/TF risks and contributing to mitigating strategies.

The role involves engaging RMs, performing enhanced due diligence reviews, reviewing STR filings, and supporting AML advisory work and RegTech initiatives. Diploma or degree holders with AML exposure are encouraged to apply.

Qualifications

• Diploma or Degree holders aspiring to develop a career in AML risk management.
• Minimum 1 year of Sanctions/AML/CFT operational experience, preferably with Enhanced Due Diligence.
• Certification in Sanctions / AML / CFT is a plus.

Responsibilities

• Analyse sanctions, AML, TF risk in customer profiles and transactions.
• Provide risk assessments and highlight key risk areas for management attention.
• Recommend mitigating strategies and ensure execution by teams.
• Support internal stakeholders with AML advisory and project initiatives.

Skills

AML risk management

Regulatory compliance

Analytical abilities

Stakeholder engagement

Education

Diploma or degree holder

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.

CARM TEAM

CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS AML 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

• Analysing new and existing customers’ profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF);
• Providing relevant sanctions/ML/TF risk assessments of customers’ profiles and transactions, highlighting any key risk area(s) for attention;
• Recommending effective risk mitigating strategies for senior management consideration; and
• Implementing approved risk mitigating strategies by ensuring thorough and consistent execution.

Key Learnings & Duties

• Conducting Enhanced Customer Due Diligence reviews including Onboarding, PR, TER, name‑screening disposition, transaction review and Source of Wealth corroboration and plausibility assessments;
• Engaging Relationship Managers (RMs) and other internal stakeholders to obtain, assess and clarify information required for customer due diligence reviews;
• 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;
• Managing customers and internal stakeholders’ request for information and documents;
• Exiting and closure of customer banking relationships;
• Tracking of activities progress through MIS update and reporting;
• Providing AML advisory support to internal stakeholders where required;
• Participating in on demand risk management projects and activities, including optimisation, RPA and AI RegTech initiatives.

Educational and Work Experiences

Diploma or Degree holders aspiring to develop a career in AML risk management. Minimum 1 year of Sanctions/AML/CFT operational experience, preferably with experience in Enhanced Due Diligence reviews, Source of Wealth corroboration. And/or Certification in Sanctions / AML / CFT.

Technical Skills

Technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing. Experience in SOW corroboration.

Personal Traits

Passionate in developing a career in AML risk management and compliance. Independent self-starter Strong analytical abilities and risk assessment acumen. Confident in engaging and challenging stakeholders where appropriate, while maintaining constructive working relationships. Committed and focused individuals Positive and progressive behavioural traits Good team player Good written and oral communication skills and ability to interact effectively with people at different levels 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.

Next Steps

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.

Further Information

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.