Compliance Manager - FCC, Sanctions Specialist (Associate Director/ Director)

Bank of Singapore
Singapore, Singapore
14 May 2022
13 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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!

Sanctions Specialist Role (Associate Director/ Director level)
FCC Policy, Strategy and Governance team member in charge of overseeing: (i) sanctions policies and procedures of BOS; (ii) strategic project to uplift sanctions-related controls in BOS/OCBC; (iii) Board and Senior Management Reporting on sanctions risks and controls effectiveness metrics and significant matters.


  • Oversee Sanctions policies and procedures for BOS
  • Strengthen sanctions policies and procedures and implement effective controls measures together with relevant internal stakeholders to comply with sanctions-related requirements (including but not limited to UNSCR, OFAC, EU, MAS) relevant to the business and operating environment
  • Review sanctions policies and procedures regularly, taking into consideration sanctions evasion typologies observed and emerging risks (e.g. sanctions evasion through virtual assets).
  • Actively monitor sanctions developments and requirements; and keep abreast of regulatory expectations and industry best practices. Perform impact and gap analysis in a timely manner before proposing sound recommendations and action plans to address the self-identified gaps.
  • Advise business units on sanctions development and operationalization of policies, procedures and controls, including responding to due diligence questionnaires/requests from counterparties on sanctions matters and review of agreements with counterparties.
  • Prepare training materials and deliver effective training on sanctions policies and procedures and case studies/typologies.

Anchor for Strategic Project to Uplift Sanctions Controls jointly conducted with OCBC Group Financial Crime Compliance Sanctions
  • Key responsibilities include: (a) continued co-creation with the regulators on the Uplift project (including raising risk awareness of front office and ensuring robust controls execution at both first and second lines of defence); (b) collaborate with Strategic Uplift Programme Steering and Working Committees both at BOS and at OCBC level to drive uplift initiatives implementation at BOS and its Group of entities; and (c) work with BOS Business Compliance to uplift controls at the front office.
  • Prepare presentation materials for regular engagement sessions with regulators.

Board and Senior Management Reporting
  • Lead Board and Senior Management reporting of sanctions risks events/ exposures and effectiveness indicators/ metrics.
  • Ensure timely implementation of sanctions-related key uplift initiatives in BOS Group.

Work Experience and Technical Skills
  • Degree with minimum 7 years of direct and broad-based compliance experience in the field of sanctions under financial crime compliance.
  • Possesses strategic outlook to see and envision the future of financial crime compliance work in BOS and an understanding of sound sanctions policies, procedures and advisory work.
  • Strong technical knowledge and understanding of regulatory (international and local) requirements on sanctions in the context of private banking.
  • Strong understanding and pro-active monitoring of applicable requirements, emerging risks/typologies and global trends in relation to sanctions risks and controls.

Personal Traits/Characteristics:
  • Passionate and finds purpose in pursuing a career in the field of financial crime compliance. Forward-looking and possesses a pioneering spirit to carve out new paths to navigate through.
  • Possesses change-agent drive, mentality and resilience to understand and follow-through on bringing change from current state towards the end state of financial crime compliance transformation.
  • Good team player and interpersonal skills to allow effective collaboration with multiple stakeholders in BOS/OCBC Group and able to work with BOS colleagues from different cultures and countries.
  • Possesses both high-level strategic outlook and ability to delve into details to drive implementation of key projects, timelines and initiatives.
  • Strong written and oral communication skills and ability to interact effectively with people at different levels.

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