Risk Analytics, Intelligence & Surveillance (RAISe) – Financial Crime & Operational (FCO) Risk Surveillance Analyst

OCBC; Singapore; On-site; SGD 90,000 - 150,000; Full time

Benefits offered by this job

Competitive base salary

Holistic benefits

Learning & development opportunities

Job summary

OCBC Bank in Singapore is seeking a FCO Risk Surveillance Analyst to join the Risk Analytics, Intelligence & Surveillance (RAISe) team. You will conduct risk assessments, validate controls, and support continuous monitoring of Financial Crime and Operational Risk.

The role emphasizes data-driven surveillance, testing of procedures, and presenting insights to stakeholders. A degree with at least 4 years in risk/compliance and AML/CFT certification are desirable.

Qualifications

• Minimum 4 years in risk management, compliance, regulatory, or audit.
• Good understanding of consumer banking products and processes.
• Certifications in AML/CFT and related courses.

Responsibilities

• Conduct pulse checks and validate control effectiveness in Financial Crime and Operational Risk.
• Continuously surveil data to identify risk insights and trends.
• Test departmental control procedures and perform thematic reviews.
• Present risk insights to business units to strengthen risk culture.

Skills

Risk assessment

Regulatory understanding

AML/CFT

Data analysis

Power BI

Stakeholder management

Communication

Independent work

Team collaboration

Education

Bachelor's degree in a related field

Tools

Power BI

Excel

SQL

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.Risk Analytics, Intelligence & Surveillance (RAISe) is a dedicated unit within Singapore Consumer Financial Services (CFS), reporting to the Head of CFS Risk and Prevention (R&P). The primary objective of the RAISe team is to establish a robust risk surveillance and continuous monitoring framework that facilitates effective and timely risk management for CFS. This will be accomplished by leveraging advanced technology, data analytics, and detection methodologies to proactively identify, assess, and report on material risk trends and incidents.RAISe team collaborates with various CFS business stakeholders to mitigate risks, ensuring compliance with all regulatory and policy requirements while maintaining the overall risk within acceptable appetite levels and achieving strong oversight of CFS risk and controls.Within RAISe, there are sub-teams, each led by a Risk Surveillance Manager who reports to the Head of RAISe. The FCO Risk Analyst plays a crucial role in managing, testing, and detecting material risks and control lapses in the daily operations of CFS. Reporting to the Risk Surveillance Manager, the analyst will have opportunities to rotate, lead, and take ownership in one of the following areas within their respective team:Conducting pulse checks and validating control effectiveness in the Financial Crime and Operational Risk domains.Engaging in continuous surveillance using data to identify risk insights and monitor trends.Testing departmental control procedures and conducting thematic reviews related to Financial Crime and Operational Risk, with exposure to other risk pillars.Presenting to business units on the risk insights, fortifying our risk culture and conduct. As part of their career development within RAISe, the individual is expected to contribute to the unit's success by:Meticulously tracking flagged risks and ensuring thorough follow-up by stakeholders and the team on all required actions for closure.Validating the quality of reviews conducted by business stakeholders and reporting on any material lapses.New ways of risk surveillance – employing advanced techniques to conduct thorough risk surveillance and testing of business process control measures to assess their relevance and effectiveness.Articulating, escalating, and reporting testing and review results to management and business stakeholders, highlighting material findings for risk mitigation and promoting best practices and positive reinforcement.Proactively identify potential new risk insights or trends observed during operations and discussing these with Risk Surveillance Managers for further analysis.The FCO Risk Surveillance Analyst is expected to engage regularly and tactfully with CFS departments during their review, testing, monitoring, and reporting activities, ensuring effective communication and collaboration throughout the process.Educational and Work Experiences:Degree holders aspiring to develop a career in risk management and surveillance.Minimum 4 years of risk management, compliance, regulatory or audit experience. Good understanding and grasp of consumer banking products and processes is preferred.Skills set:Strong understanding on risk assessment/ review methodologies pertaining to Financial Crime and Operational risk/ controls.Certification in AML/CFT, Operational risk related coursesStrong risk acumen coupled with extensive use of data.Microsoft suite including Power BI.Able to work independently and as an effective team member, delivering timely review outcomes.Strong influencing skills and stakeholder 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.