Business Compliance Officer - FI AML CDD/EDD Reviewer (6-month contract) Business Compliance Officer - FI AML CDD/EDD  …

in Singapore
Contract, Full time
Last application, 21 Apr 21
in Singapore
Contract, Full time
Last application, 21 Apr 21
Business Compliance Officer - FI AML CDD/EDD Reviewer (6-month contract)
The position of the FI AML CDD Reviewer is part of the in-business Global Financial Institutions AML team and reports to the FI AML Head. The FI AML CDD/EDD Reviewer is responsible for gathering and analysing Client KYC information to conduct Customer Due Diligence reviews of OCBC Financial Institution Clients.
Roles and Responsibilities
  1. Perform onboarding, periodic and trigger CDD/EDD review of Financial Institutional customers (ie. Banks and Non Bank FIs)
  2. Liaise with customers to obtain updated information
  3. Understanding of how risk factors impact client risk rating
  4. Identify and escalate any unusual activity / transaction activity not consistent with client profile
  5. Conduct research via available Bank systems and commercial databases as well as internet
  6. Review and evaluate recent negative news related to clients
  7. Recommend relationship strategy where applicable
  8. Work closely with the relationship managers to assist the department in complying the AML/KYC requirements
  9. Act as a subject matter expert in the execution and implementation of CDD/EDD requirements in accordance with OCBC's related AML/Sanctions policies and procedures
  10. Interface with relevant units and the business in regards to compliance reviews, investigation, as well as other ad-hoc projects
  11. Assist with compliance audits, including internal and MAS-related audits
Reporting to:
  • Head, FI AML


  1. A university degree in Accounting/Banking/Finance or related discipline
  2. At least 2 to 6 years of experience in conducting CDD for institutional clients; preferably with understanding of Correspondent Banking
  3. Basic working knowledge of Singapore AML laws and regulations relative to money laundering and terrorist financing
  4. Identifying and understanding the AML and Sanctions Risk associated with Financial Institutions clients and good awareness of banking controls is key for this role
  5. Ability to analyze client information and documentation to facilitate account opening, on-going name screening and periodic reviews
  6. Proficiency in MS office applications / Public Domain searches / Factiva
  7. Excellent analytical, interpersonal, communication and writing skills
  8. Independent and ability to multi-task and meet multiple deadlines
  9. AML Certification (ACAMS) or other AML / Compliance certification preferred
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