AVP, Sanctions Compliance Officer, Group Sanctions, Group AML/CFT AVP, Sanctions Compliance Officer, Group  …

OCBC Bank
in Singapore, Singapore, Singapore
Permanent, Full time
Be the first to apply
Competitive
OCBC Bank
in Singapore, Singapore, Singapore
Permanent, Full time
Be the first to apply
Competitive
OCBC Bank
AVP, Sanctions Compliance Officer, Group Sanctions, Group AML/CFT
Roles & Responsibilities:

  • Provide technical expertise on the sanctions-related systems and maintenance of sanctions-related watchlist.
  • Keep abreast of sanctions development, analyse risk impact of various jurisdictional sanctions laws and regulations developments that are material to the Group's operations and disseminate relevant updates on such developments.
  • Serve as a Subject Matter Expert and provide timely sanctions advisory to internal stakeholders and businesses on sanctions-related queries.
  • Contribute to the implementation of Group Sanctions Policy & Procedures across the Bank to ensure alignment and consistency.
  • Assist in audit findings in relation to sanctions-related issues.
  • Provide sanctions expertise for risk assessment; includes providing control frameworks and risk mitigation for ongoing reviews of business cases to be escalated to senior management for risk acceptance, where relevant.
  • Participate in sanctions-related initiatives, investigations, task force and projects as assigned.

*LI-MLIU

Qualifications
Requirements:

  • A university degree in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law or related discipline with at least 5 years post-qualification experience in anti-money laundering/counter terrorism financing compliance ("AML") with established financial institutions.
  • Broad knowledge of the trade finance business and products, cash management services, transaction filtering and the ML/TF/Sanctions risks relating to bank business and operations.
  • Familiar with international sanctions regulations, UN, MAS, US, EU.
  • Strong analytical skills and clear thought process.
  • Strong communication (including written) and interpersonal skills.
  • Team player with high level of integrity.

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