Business Compliance Officer

  • Competitive
  • Singapore
  • Permanent, Full time
  • Bank of Singapore
  • 18 Feb 18 2018-02-18

Business Compliance Officer

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

General Description
This position within the Indonesia, Philippines and Thailand market is responsible for the banks' client on-boarding and reviews. The successful candidate is expected to maintain high and consistent standards in accordance to the AML/CFT Procedures within the bank.

Client on-boarding
Conduct standard due diligence (SDD) background checks and screening on prospects, clients and counterparties to identify the risks of the client or counterparty.

Client Reviews

  • Conduct reviews of existing clients to ensure their biodata remains updated
  • Investigation of suspicious transactions surfaced during periodic review
  • Deliver regular progress reports to senior management
  • Liaise with relationship managers / business managers for issues and deficiencies identified during review.
  • Collation of statistics.

Work Experience Requirements
  • Minimum 5-7 years of experience in AML and client review in a private banking environment.
  • Knowledgeable and sensitive to the risks and suspicious activities typical of private banking clients.
  • Experienced in investigating suspicious transactions.
  • Familiar with excel and preparation of statistics for reporting.
Education Requirements
  • University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.