AVP - Senior AML Analyst

OCBC Group; Singapore; On-site; SGD 70,000 - 110,000; Full time

Benefits offered by this job

Competitive base salary

Learning & development

Flexible benefits

Community initiatives

Job summary

OCBC Group in Singapore seeks a Senior AML Analyst to join the CFS AML & Sanctions Advisory Team. You will analyse customers’ profiles and transactions for sanctions, ML and TF risk, provide risk assessments, and propose mitigations for senior management.

Collaboration with compliance and authorities ensures robust AML controls. Requirements include 2+ years in sanctions/AML/CFT, a Diploma or Degree, and strong analytical and communication skills.

Qualifications

• Diploma or Degree in AML or related field required.
• 2+ years of sanctions/AML/CFT operational experience preferred.
• Strong analytical and problem-solving abilities.
• Excellent written and verbal communication skills in English.
• Independent, proactive, and collaborative with stakeholders.

Responsibilities

• Analyse new and existing customers’ profiles and transactions for sanctions/ML/TF risk.
• Provide sanctions/ML/TF risk assessments and highlight key risk areas for senior management.
• Recommend and implement risk-mitigating strategies with appropriate controls.
• Assist in AML advisory work and participate in risk management projects.

Skills

AML risk management

Analytical thinking

Regulatory knowledge

Stakeholder collaboration

Education

Diploma or Degree in AML or related field

Tools

Sanctions/AML/CFT systems

Job description

## Senior AML AnalystApplylocations: OCBC Singaporeposted on: Posted Todayjob requisition id: JR00008534# **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 Business Risk Management Team (BRMT) and CFS AML & Sanctions 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**1. Analysing new and existing customers’ profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF);2. Providing relevant sanctions/ML/TF risk assessments of customers’ profiles and transactions, highlighting any key risk area(s) for attention;3. Recommending effective risk mitigating strategies for senior management consideration; and4. 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:1. Processing of escalated name screening alerts and/or transaction activities alerts;2. Processing of priority requests from compliance or local authorities;3. 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;4. Conducting Standard or Enhanced Customer Due Diligence reviews;5. Managing customers and internal stakeholders’ request for information and documents;6. Exiting and closure of customer banking relationships;7. Tracking of activities progress through MIS update and reporting;8. Providing AML advisory support to internal stakeholders where required; and 9. Participating in on demand risk management projects and activities, including optimisation, RPA and AI RegTech initiatives.**Academic Requirement**Diploma or Degree holders aspiring to develop a career in AML risk management**Experience**Added advantage for individual with:1. Minimum 2 years of Sanctions/AML/CFT operational experience and/or2. Certification in Sanctions / AML / CFT**Technical Skills**Technical knowledge and understanding of Singapore’s regulatory requirements relating to sanctions, money laundering and terrorism financing**Personal Traits**1. Passionate in developing a career in AML risk management2. Independent self-starter with a strong positive mindset and self-motivation ability3. Meticulous, committed and focused4. Possesses an inquisitive mind and raises critical challenges to augment current work processes5. Strong analytical and problem-solving abilities6. Has a good sense of risk acumen7. Ability to influence and collaborate well with stakeholders and team members 8. Good written and oral communication skills and ability to interact effectively with people at different levels9. 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.### Collaboration & Teamwork*If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!*