• Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 14 Dec 17

Compliance Officer - Premier Banking Asia

Compliance Officer - Premier Banking Asia

Roles & Responsibilities:
  • Subject matter expert on AML on consumer banking business.
  • Provide support to RM on review of customer information to assess potential matches to name screening hits flagged out by the bank's AML/CFT screening systems.
  • Provide support to RM on the review of customer transactions where required to assess for suspicious transactional activities.
  • Conduct assessment of AML hits (e.g. screening hits) and recommend the appropriate treatment of the hits to RM
  • Provide support to RM on the filing of Suspicious Transaction Reports to Group Legal and Regulatory Compliance Department where required.
  • Provide support to RM on the annual Tax review
  • Take the appropriate actions after assessing the screening hits, such as conducting enhanced customer due diligence, exiting customers or close monitoring of accounts that cannot be exited
  • Maintenance of the High Risk Register/STR register
  • Provide support to any request for information from Group Legal and Regulatory Compliance Department.
  • Provide advisory support to RM where required and ensure no significant breach of internal & external policies
  • Support other ad-hoc duties and projects.
  • Keep abreast of all developments on AML and collaborate with the relevant stakeholders to adopt best industry practices.
  • Conduct training for department to raise their level of awareness of AML risks and their understanding on how these risks are managed.
  • Provide guidance on regulatory requirements on Cross Border Guidelines of each of the country/ market segment.
  • Work closely with the stakeholders to ensure no high risk findings on fair dealing, AML & Ops related outcome for customers. This includes working towards zero defects for all documentation and processes transacted at Premier Banking Offshore.


* LI-JK

Qualifications
Requirements:
  • Diploma or Degree in Banking and Finance.
  • Certification in AML compliance (preferably)
  • Minimum 2 years of experience in AML compliance, particularly in consumer banking
  • Strong written and oral communications skill and ability to interact with people at different levels.
  • Good understanding of regulatory requirements (MAS 626) relating to money laundering and terrorism financing.
  • Team player and able to analyse issues independently.