MGR, Surveillance and Investigations Officer

OCBC Bank; Singapore; On-site; SGD 60,000 - 120,000; Full time

Benefits offered by this job

Competitive base salary

Holistic benefits

Community initiatives

Professional development

Job summary

OCBC Bank seeks an AML/compliance professional to drive surveillance systems, assess money laundering and fraud risks, and implement robust controls across the bank and its subsidiaries.

You will draft business requirements, present project reports, and collaborate with Group Compliance, operations and technology to ensure regulatory compliance and effective risk management.

Qualifications

• Deep understanding of AML and fraud risks, banking products, and monitoring technology.
• Knowledge of regulatory requirements for financial institutions.

Responsibilities

• Drive AML surveillance system implementation and initiatives across the bank, subsidiaries, and branches.
• Assess money laundering, terrorist financing, and fraud risks and implement mitigants and controls.
• Draft business requirements for compliance initiatives.
• Prepare and present reports on projects and initiatives.
• Coordinate with Group Compliance teams, operations, and technology for project execution.
• Manage risks to the program by identifying significant risks and escalating issues.

Skills

AML surveillance

Fraud risk management

Regulatory compliance

Stakeholder engagement

Analytical skills

Education

Bachelor's degree in Finance, Compliance or related field

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.

WHY JOIN

To play a crucial role in developing and implementing surveillance systems and solutions to detect and mitigate potential risks and compliance issues. To contribute to the development of robust surveillance systems that enhance the organization’s ability to identify and address potential risks, thereby improving overall operational efficiency.

HOW YOU SUCCEED

Have a deep understanding of anti‑money laundering (“AML”) and fraud risks, banking products, and monitoring technology. Able to identify and resolve issues to ensure that OCBC can demonstrate compliance with relevant regulatory requirements.

WHAT YOU DO

• Drive AML surveillance system implementation and initiatives across the bank, subsidiaries, and branches.
• Assess money laundering, terrorist financing, and fraud risks within the bank and implement mitigants and controls.
• Act as a subject‑matter expert in AML surveillance systems.
• Draft business requirements for compliance initiatives.
• Prepare and present reports on projects and initiatives.
• Stay updated on current business and industry trends relevant to the bank.
• Ensure risk frameworks are well‑designed and operating effectively.
• Handle audit queries.
• Partner with Group Compliance teams, operations, and technology for successful execution of Group Compliance projects.
• Coordinate meetings with stakeholders to review project status and potential risks.
• Perform post‑implementation reviews to identify areas for improvement and implement recommended changes.
• Manage risks to the program by recognizing significant risks, developing solutions, and escalating issues to management.
• Develop project scopes and objectives involving all relevant stakeholders and ensuring technical feasibility.

WHO YOU WORK WITH

Group Legal & Compliance Group Legal & Compliance takes care of integrity and ensures compliance with all rules and regulations, developing the policies and procedures that manage and mitigate risk.

WHO YOU ARE

• A university degree with at least 2 years’ experience in compliance and anti‑money laundering/counter terrorism financing compliance (“AML”) and/or fraud risk management with established financial institutions.
• Good knowledge of business, products and operations of the financial industry, and familiar with AML/CFT regulatory requirements impacting financial institutions.
• Strong problem solving and analytical skills.
• Strong written and oral communication skills.
• Able to engage and collaborate with various stakeholders to achieve effective outcomes.

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.

ABOUT THE COMPANY

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.