VP, Financial Crime Regulatory Policy

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.

• Opportunity to shape financial crime compliance (FCC) policies, frameworks, methodologies, risk culture, to achieve effective outcomes for OCBC and the financial sector.
• Exposure to senior stakeholders and meaningful regulatory engagement.
• Broad coverage across FCC disciplines, with strong career coaching and mentorship.
• A role that values judgment, influence and impact – not just technical execution.

To succeed in this role, you will need to stay up-to-date with changing regulatory requirements and industry trends. You will work collaboratively with cross-functional teams to identify and assess regulatory risks, and develop effective mitigation strategies. Your ability to analyze complex regulatory issues, think critically, and communicate effectively will be essential in driving regulatory compliance and excellence.

We are looking for a candidate with strong leadership and stakeholder management competencies to deliver effective, impactful outcomes on FCC policy and governance matters. This is an ideal role for a compliance professional who enjoys translating complex regulatory requirements into clear, practical policies and frameworks. He/she will have the opportunity to shape and embed a strong financial crime risk culture across the bank and build a sustainable FCC framework that stands up to regulatory scrutiny while enabling business growth.

• Strengthen AML/CFT Policies and Enterprise-wide Programmes: Review policies, enterprise-wide programmes and frameworks (e.g. customer risk assessment methodology, virtual assets risk appetite framework) to be fit-for-purpose, forward-looking based on business needs and risks identification; 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.

• AML/CFT Industry Partnership (ACIP) Engagements: Lead the drafting and roll-out of ACIP papers/deliverables in line with MAS’ expectations and industry practices, to shape outcomes favourable to Singapore financial sector and OCBC Group’s successes.

• Regulatory Developments and Risks Surveillance: Actively monitor regulatory developments in Singapore and other major jurisdictions in which the Bank operates in; and keep abreast of regulatory expectations and industry best practices.

• Impact and Gap Analysis: Perform impact and gap analysis in a timely manner before proposing sound, pragmatic recommendations and action plans to address the self-identified gaps. This includes audit engagements (both internal and external) and regulatory queries/engagements.

• Regulatory Affairs Management: Manage regulatory engagements and requests proactively through strong collaboration with internal stakeholders; and join the dots to alert senior management to emerging regulatory risks focus areas with proposed actions/measures.

• Training and Continuing Education: Prepare training materials and deliver effective best-in-class 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.

• Culture Elevation: Promote a strong culture of financial crime risk awareness and individual accountability across the organization. Contribute to strategic initiatives, projects and any other assignments as required.

• A degree in Law, Finance, Business Management or a related field, with at least 10 years of experience in regulatory policy or compliance.
• Strong knowledge of financial regulations and industry trends.
• Excellent analytical and problem-solving skills, with the ability to think critically and communicate effectively.
• Strong collaboration and stakeholder management skills, with the ability to work effectively with cross-functional teams.
• Proactive and adaptable, with a strong commitment to regulatory excellence and compliance.

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.