Compliance Manager (Policy and Training)

Bank of Singapore opens doors to new opportunities.

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

We are hiring a Financial Crime Compliance Policy Vice President with strong leadership and stakeholder management competencies and has a good track record in achieving effective outcomes on anti-money laundering and counter-terrorism financing (AML/CFT) matters, preferably in the private banking context. He/she will lead a team focusing on the following:

• Review AML/CFT policies, procedures and guidelines to ensure the bank complies with all applicable regulatory requirements;
• Conduct training and other strategic key initiatives to elevate effectiveness of controls, raise staff’s money laundering/terrorism financing (ML/TF) risk awareness and positively shape risk culture; and
• Report to Board and senior management key ML/TF risks, AML/CFT controls effectiveness metrics and any significant matters.

He/she will contribute as such:

• Strengthen AML/CFT policies and implement effective controls measures together with relevant internal stakeholders to comply with regulatory requirements relevant to the business and operating environment.
• Review policies, procedures and guidance regularly, taking into consideration emerging risks and new ML/TF typologies observed.
• Actively monitor regulatory developments in Singapore and other jurisdictions in which the Bank operates in; and keep abreast of regulatory expectations and industry best practices.
• Perform impact and gap analysis in a timely manner before proposing sound, pragmatic recommendations and action plans to address the self-identified gaps. 

• Prepare training materials and deliver effective training on policies and case studies/ typologies to raise risk awareness of staff at first and second lines of defence, as well as Board of Directors and senior management.
• Manage regulatory engagements and requests proactively through strong collaboration with internal stakeholders.

WORK EXPERIENCE REQUIREMENTS

• Prepare and review reporting of financial crime compliance statistics and significant AML/CFT matters to Board of Directors and senior management.
• Degree with minimum 10 years of direct and broad-based compliance experience in the field of financial crime compliance.
• Possesses strategic outlook to see and envision the future of financial crime compliance work and a sound understanding AML/CFT policies, procedures and controls framework.
• Strong technical knowledge and understanding of regulatory requirements on AML/CFT in the context of private banking.
• Strong understanding and active awareness of regulatory expectations in Singapore, international developments, emerging risks/typologies and global trends in relation to financial crime compliance

PERSONAL TRAITS/CHARACTERISTICS

• Passionate and finds purpose in pursuing a career in the field of financial crime compliance. Forward-looking and possesses a pioneering spirit to carve out new paths to navigate through.
• Possesses change-agent drive, mentality and resilience to understand and follow-through on bringing change from current state towards the end state of financial crime compliance transformation.
• Good team player and interpersonal skills to allow effective collaboration with multiple stakeholders and able to work with colleagues from different cultures and countries.
• Possesses both high-level strategic outlook and ability to delve into details to drive implementation of key projects, timelines and initiatives.
• Strong written and oral communication skills and ability to interact effectively with people at different levels.

Bachelor’s degree in finance, business, accountancy or law (or related discipline), preferably with ACAMS or other equivalent professional qualifications.