• Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 22 Feb 18

Sanctions Compliance Officer, AVP (6 months contract)

Sanctions Compliance Officer, AVP (6 months contract)

Roles & Responsibilities
  • Roles & Responsibilities
    • Review and analyse transactions alerts escalated by various Business & Operations Units, with focus on trade finance products/services & cash management.
    • Provide sanctions compliance advisory to Business & Operations Units, in-line with applicable sanctions policies and procedures, on sanctions risk issues at account/relationship and transactional levels to ensure prompt and clear advice is provided to relevant stakeholders on sanctions matters.
    • Review submissions to senior management committees on sanctions risk case escalations.
    • Keep up-to-date on AML/CFT and sanctions laws, regulations and developments and updating the organization on such developments.
    • Develop Sanctions training programs and to conduct training periodically.
    • Ad hoc duties as assigned.


    Reporting to:
    • Team Head, Group Sanction Team, Group Anti-Money Laundering Compliance
*LI-MLIU

Qualifications
Requirements :

  • A university degree in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law or related discipline with at least 3 years post-qualification experience in compliance and anti-money laundering/counter terrorism financing compliance ("AML") with established financial institutions.
  • Broad knowledge of business, operations and the AML/CFT regulatory framework in which bank groups operate.
  • 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 from the United Nations, US, European Union.
  • Strong analytical and clear thought process.
  • Strong communication (including written) and interpersonal skills.
  • Self-driven with high level of initiative and follow through skills.
  • Able to work independently as well as within a team.