AVP, Group Compliance Testing, Group Legal and Compliance AVP, Group Compliance Testing, Group Legal and  …

OCBC Bank
in Singapore
Permanent, Full time
Last application, 25 Jan 22
Competitive
OCBC Bank
in Singapore
Permanent, Full time
Last application, 25 Jan 22
Competitive
OCBC Bank
AVP, Group Compliance Testing, Group Legal and Compliance
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Division Description
Group Legal and Compliance (GLC) supports the Bank in all legal, regulatory and compliance matters. The division ensures that the Bank's businesses comply with policies, procedures and relevant laws, rules and regulations issued by Monetary Authority of Singapore and other local regulators.
Apart from being a legal advisor on litigation, trademark filings and other legality issues where relevant, GLRC plays an important role as undertakers of the bank-wide regulatory compliance and anti-money laundering initiatives. This includes developing policies and procedures to manage and mitigate risks relating to money laundering and financing of terrorism, as well as monitoring, detection and combating of money laundering and financial crime activities.

Key Responsibilities:
  • Conduct compliance testing in Regulatory Compliance to determine adequacy of control design and effectiveness of controls execution.
  • Support efforts to improve effectiveness of compliance testing in Regulatory Compliance through leveraging on data analytics.
  • Develop and execute compliance test plans for OCBC Bank and/or OCBC Securities that are risk-focused.
  • Plan and perform desk-top reviews and where critical and more expedient, face-to-face engagement with safe distancing measures in place.
  • Produce detailed reports ensuring all findings are clearly documented with necessary documentation to evidence and support work done and reporting to senior management on these findings.
  • Provide feedback to strengthen risk controls and streamline regulatory compliance processes.
  • Maintain good working relationship with the business units, audit and other risk control functions.


Qualifications
The ideal Candidate would meet the following requirements:
  • Minimum 5 - 8 years of relevant work experience in Regulatory Compliance in an independent testing or audit role.
  • Strong in analytical and critical thinking skills.
  • Ability to work independently.
  • Good appreciation of risk management and controls as well as regulatory expectations with respect to Regulatory Compliance.
  • Possess effective verbal and written communication skills to articulate complex technical issues to non-technical stakeholders
  • Embodies teamwork.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.
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