MGR/AM Business Compliance Officer, Global Financial Institutions - AML

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

As a Business Compliance Officer at OCBC, you'll play a critical role in ensuring the bank's operations are conducted with integrity and in compliance with regulatory requirements. You'll have the opportunity to work closely with various stakeholders, identify potential risks, and implement effective controls to mitigate them. This role offers a unique blend of challenge and satisfaction, as you contribute to maintaining the bank's reputation and upholding the trust of our customers.

How you succeed
To excel in this role, you'll need to stay up-to-date with changing regulatory requirements and industry trends. Your analytical and problem-solving skills will be essential in identifying potential compliance issues and implementing solutions to address them.

What you do

The position of FI Transaction Review Officer is part of the in-business Global Financial Institutions AML Team.  The FI Transaction Review Officer is responsible for reviewing accounts, customers and transactions in order to detect and identify unusual activity for further discussion with respondent bank and/or refer such instances for further investigation. Roles & responsibilities include the following:

1. Perform transactional review on Financial Institutions Customers’ accounts and transactions as part of the Bank’s Customer Due Diligence process

2. Analyse transactions to determine whether in-line with Customer’s expected profile

3. Identify downstream/nested correspondent relationship through transaction review

4. Monitor higher risk accounts and geographic areas and escalate any unusual activities to management

5. Review incomplete wire information and propose plans for follow up actions. 

6. Thorough documentation of the review supporting the decision to close or escalate the activities for further follow up/investigations

7. To follow up on issues raised and participate in site visit and calls with clients where required

8. Assist with compliance audits, including internal and MAS-related audits

9. Undertake any other Compliance-related matters or ad-hoc projects

Who you are

• Good understanding of international payments between financial institutions.

• A University degree in Accounting/Banking/Finance or related discipline

• Minimum of 3 to 5 years direct working experience in AML functions or equivalent with related experience in other areas of banking and preferably in the financial services industry

• Experienced in reviewing and analysing foreign and domestic correspondent banking transaction activities is highly desirable

• Knowledge of AML red flags, particularly with respect to wire transfers and correspondent banking; knowledge FATF recommendation 16 on Wire Transparency is desirable

• Basic working knowledge of Singapore AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity; knowledge of monitoring of high-risk customer accounts is preferred.

• Independent and ability to multi-task and meet multiple deadlines

• Candidates with Big 4 banking audit experience is desirable

• Strong in Microsoft Office applications and working knowledge of VBA is desirable

• Excellent analytical, interpersonal, communication and writing skills

• Excellent communication and interpersonal skills, with the ability to work collaboratively with various stakeholders

• A proactive and adaptable approach, with a commitment to maintaining the highest standards of integrity and compliance

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

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.