Sanctions Compliance Lead

OCBC Group; 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 Sanctions Specialist to protect the bank and its customers from financial crime. You will collaborate with multiple teams to identify, assess, and mitigate sanctions risks, and ensure compliance with UN/MAS/OFAC/EU/UK regulations.

The role emphasizes analytics, training, and advisory support to the business and operations units. You will monitor regulatory developments, review screening hits, and prepare reports for senior management and regulators.

Qualifications

• Minimum 3 years’ experience in compliance and AML/CFT/sanctions within financial institutions.
• Degree qualifications in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law, Political Science or related discipline.
• Has relevant AML/Sanctions experience in a regional/head office role.
• Familiar with international sanctions regulations from the United Nations, MAS, US, European Union, UK.

Responsibilities

• Ensure sanctions policies address jurisdictional laws (UN/MAS/OFAC/EU/UK).
• Identify mitigating measures with impacted businesses and seek senior management approvals/guidance.
• Provide sanctions compliance advisory and training to business/operations units and compliance counterparts.
• Monitor sanctions developments and address external reports on sanctions topics.
• Review advisory on transaction screening hits for payments/transactions.
• Prepare reports on sanctions-related metrics for Board, Senior Management and Regulators.
• Maintain a dynamic Sanctions Data Analytics Program to monitor sanctions risks.

Skills

AML/Sanctions experience

Education

Bachelor's degree in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law, Political Science or related discipline

Job description

OCBC Bank in Singapore is seeking a Sanctions Specialist to protect the bank and its customers from financial crime. You will collaborate with multiple teams to identify, assess, and mitigate sanctions risks, and ensure compliance with UN/MAS/OFAC/EU/UK regulations.

The role emphasizes analytics, training, and advisory support to the business and operations units. You will monitor regulatory developments, review screening hits, and prepare reports for senior management and regulators.