- Contract, Full time
- OCBC Bank
- 23 Apr 18
AML Senior Analyst - (6 months contract)
AML Senior Analyst - (6 months contract)CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) to manage CFS AML Risk in a highly demanding and fast paced environment, with opportunities and exposure in the area of proactive AML risk management for aspiring AML expertise individuals
Provide AML/CFT expertise in personally conducting or providing 2 nd level reviews and approval, as well as training and guiding AML Analysts, on:
§ Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
§ Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
§ Recommend and provide risk mitigating plan for senior management consideration,
§ Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 1 or more of the following AML/CFT control and risk mitigation activities:
§ Processing of escalated name screening alerts and/or transaction activities alerts,
§ Processing of priority requests from compliance or local authorities
§ File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
§ Conducting Standard and/or Enhanced Customer Due Diligence reviews,
§ Customers and internal stakeholders engagement on request of information and documents,
§ Exit and closure of customer banking relationships,
§ Activities progress tracking through MIS update and reporting,
§ Provide AML advisory support to internal stakeholders where required
§ Quality assessment of completed operational tasks and provide update reporting to management on observations.
§ Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
§ Conduct trainings on identified gaps, refresher program and new hires training.
§ Conduct policy gap analysis and procedural updates to meet new requirements,
§ On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
§ Project management of "Change The Bank" initiatives covering both process and systems changes.
Educational and Work Experiences:
Diploma or Degree holders with minimum 2 years of direct Sanctions/AML/CFT operational experience,
Degree holders with minimum 5 years of financial institution experience, aspiring to develop a career in AML risk management
Individuals with team management experience and
Diploma or ACAMS in Sanctions / AML / CFT will be highly considered.
Strong technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.
Constantly keeping abreast of developments in Sanctions, ML/TF Risk typologies, measures and risk management. Collaborate with the relevant stakeholders to adopt best industry practices