VP, Financial Crime Compliance AML/CFT Advisory Specialist

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.

As a Compliance Specialist, you play a critical role in protecting OCBC and our customers from financial crimes. You'll work closely with our teams to identify and mitigate risks, ensuring we maintain the highest standards of integrity and compliance. It's a challenging and rewarding role that requires attention to detail, analytical skills, and a passion for making a difference.

To succeed in this role, you'll need to stay up-to-date with changing regulations and emerging trends in financial crimes. You'll work collaboratively with our teams to identify and assess risks, develop effective controls, and implement robust monitoring and reporting systems. Your analytical skills and attention to detail will be essential in identifying potential risks and developing effective mitigation strategies.

This role supports the Singapore Retail Business on day-to-day FCC-related advisory and ad hoc project/regulatory related matters, primarily:

• Review Customer Due Diligence assessments from the BU for AML/CFT & Sanctions risks.

• Provide AML/CFT advisory guidance to the BU and be a subject matter expert on the interpretation of policies, procedures, and regulations in relations to AML, KYC and CDD.

• Coordinate with the GRB Policy designate to ensure BU considers for change implementation the Group CDD procedures updates arising from e.g. regulatory changes.

• Provide sound FCC regulatory advice for new product reviews.

• Identify compliance issues that require follow up or investigation and discuss emerging FCC risk issues with BU to keep abreast with AML/CFT and sanctions laws, regulations, and developments.

• Facilitate the periodic CDD and AML/CFT risk reporting to key stakeholders by GFCC CFS Advisory as well as ensure FCC governance oversight of similar BU reporting.

• Manage regulatory queries in coordination with BU and other relevant stakeholders.

• Providing AML/CFT training to Business Unit or 1.5 Compliance unit as required.

• Participate and facilitate internal AML related projects and industry projects, as required.

• Any other duties/assignments that are assigned by the line manager.

• Holds a bachelor’s degree in related disciplines or equivalent.

• Possesses 5 – 7 years of working experience in advisory function with other global and/or local financial institutions, preferably related to retail business / private banking. Other relevant advisory experience may also be considered.

• Strong working knowledge of AML/CFT regulatory requirements including MAS Notice 626. Knowledge of sanctions is a plus.

• Great interpersonal, communication and ability to work collaboratively across different stakeholder groups.

• Possesses positive attitude, a fast learner and ability to deliver high quality results within tight deadlines.

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.