Sanctions Compliance Lead | Risk & Advisory

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

Benefits offered by this job

Competitive base salary

Holistic, flexible benefits

Community initiatives

Industry-leading learning and dev

Job summary

OCBC Group seeks a Sanctions Specialist to protect the bank and its customers from financial crime. You will work with multiple teams to identify and mitigate sanctions risks, ensuring compliance with UN/MAS/OFAC/EU/UK requirements.

The role requires at least 3 years in compliance and AML/sanctions, with knowledge of international sanctions regimes and trade finance. A regional/head office background is a plus, with opportunities for professional development.

Qualifications

• Min. 3 years’ experience in compliance and anti-money laundering/counter terrorism financing/sanctions compliance with established 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.
• Has knowledge of business, operations and the AML/CFT/PF regulatory framework in which bank groups operate.
• Has knowledge of the trade finance business and products, cash management services, transaction filtering and the ML/TF/Sanctions risks relating to FI business and operations.
• Is familiar with international sanctions regulations from the United Nations, MAS, US, European Union, UK.

Responsibilities

• Ensure that OCBC’s Sanctions Policies and procedures adequately address the multiple jurisdictional sanctions laws and regulations (including UN/MAS/OFAC/EU/UK sanctions).
• Identify, recommend mitigating measures and work closely with Business impacted by any incremental sanctions risk; seeking senior management’s approvals/ further guidance, where relevant.
• Provide sanctions compliance advisory and training to business and operations units and compliance counterparts within the OCBC Group.
• Monitor and conduct research and follow-up to address major sanctions developments and external reports on sanctions topics.
• Review and provide advisory on transaction screening hits for payments/ transactions.
• Prepare reports on sanctions-related metrics and other sanctions topics to Board, Senior Management and Regulators.
• This includes analysing Sanctions/PF related suspicious transaction report trends and typologies.
• Maintain a dynamic Sanctions Data Analytics Program to monitor and mitigate sanctions risks effectively and efficiently.

Skills

Sanctions compliance

AML knowledge

Regulatory awareness

Risk assessment

Education

Accounting/Commerce/Economics/Finance

Law

Political Science

Job description

OCBC Group seeks a Sanctions Specialist to protect the bank and its customers from financial crime. You will work with multiple teams to identify and mitigate sanctions risks, ensuring compliance with UN/MAS/OFAC/EU/UK requirements.

The role requires at least 3 years in compliance and AML/sanctions, with knowledge of international sanctions regimes and trade finance. A regional/head office background is a plus, with opportunities for professional development.