Compliance Reviewer, Global Corporate Banking - MGR
OCBC · Singapore · 5mo ago
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
We are looking for a talented, independent and collaborative team player to join our Corporate Banking Compliance/ Onboarding team (“CBC OB”) team. Don’t miss this valued opening to step into the world of corporate banking whilst having the opportunity to participate in innovative projects geared towards the ever-changing needs of our environment.
This role is for a Compliance Reviewer, reporting into team head of CBC OB team. The candidate’s main responsibilities are listed as follows and will be primarily responsible to ensure that quality standards are met in accordance with the bank’s group policies & procedures and regulatory requirements.
What you do
1. Perform On-boarding Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) review on Global Corporate Banking customers
2. Ensure completion of Onboarding Reviews within stipulated timeframe and in line with Bank’s policy and procedures
3. Work closely with Relationship Managers to gather client documents/information before drafting on the EDD reviews and making independent recommendations regarding AML risk to the Business Units
4. Conduct research via available Bank systems and commercial databases as well as Internet
5. Identify, analyse and escalate potential AML risks
6. Identify red flag situations and escalate in line with policy and procedures
7. Identify and escalate any unusual activity / transaction activity not consistent with client profile
8. Ensure timely update of CDD/EDD Tracking file so as to reflect the accurate status
9. Perform daily AML alert closures raised on the Bank’s screening system
10. Administrative duties on behalf of the wider team including PowerPoint creation and writing meeting minutes
11. Perform Periodic and Triggering CDD/EDD reviews (when required)
12. Any other projects/ duties as may be assigned
Who you are
Preferably at least 3-5 years of experience in a KYC analyst role in a Financial Institution, preferable in the corporate banking environment.
A good understanding of money laundering, terrorist financing and sanctions issues, including policies, procedures, sanctions, regulations, industry best practice, developing trends and knowledge of trade finance transactions reviews are required.
Candidates with the following experiences/ qualifications would have an added advantage:
Performing CDD for corporate customers, or in formulating and analysing data analytics models
Solid knowledge on trade finance products and understand trade-based money laundry typologies
handling of internal audit and/or external audit
hands on experience in assurance testing
Professional certification such as ICA or ACAMS would be an added advantage.
Experience in identifying and evaluating processes for BOT enhancement and automation opportunities such as ability to write macros to automate internal reports is a bonus
Good interpersonal and presentation skills
High proficiency in written and spoken English
Is mature and able to work under pressure and meet timelines
Degree Holder
Who you work with
Corporate Banking Compliance ("CBC") was established to centralise anti-money laundering and countering the financing of terrorism (AML/CFT) Compliance functions for the Singapore business units within Global Corporate Banking. CBC will optimise common AML/CFT Compliance activities across Wholesale Corporate Marketing and Global Real Estate, ensure consistency in KYC CDD processes and best practices for AML/CFT across these departments. CBC also advises and supports the business in managing regulatory risk and controls in FATCA, CRS and sanctions matters.
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.
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. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
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.