CARM Analytics - MGR

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

Benefits offered by this job

Competitive base salary

Flexible benefits

Professional development opportunities

Job summary

OCBC is seeking candidates for an AML risk management role within the CARM team under the OCBC Consumer Financial Services Singapore unit. The role focuses on Sanctions, Money Laundering, and Terrorism Financing risk assessments, with collaboration across RMs and compliance units to manage AML risk in a fast-paced environment.

Educational requirements include a diploma or degree and potentially AML/CFT certification.

Qualifications

• Diploma or degree holders aspiring to develop a career in AML risk management.
• Certification in Sanctions / AML / CFT.

Responsibilities

• Analyse new and existing customers’ profiles and transactions for sanctions, ML and TF.
• Provide sanctions/ML/TF risk assessments highlighting key risk areas.
• Recommend effective risk mitigating strategies to senior management for approval.
• Implement approved strategies with thorough and consistent execution.
• Engage RMs and internal stakeholders to obtain required information for due diligence reviews.
• Review and file internal Suspicious Transaction Reports (STRs) as needed.
• Track activity progress through MIS updates and reporting.
• Provide AML advisory support to internal stakeholders.

Skills

Regulatory knowledge

Analytical skills

Stakeholder engagement

SOW corroboration

Education

Diploma or Degree holder

AML/CFT Certification

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 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

Key learnings and duties include 1 or more of the following AML/CFT control and risk mitigation activities:

• 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.