Business Compliance Officer/Manager (Senior Associate/Associate Director)

Bank of Singapore
Singapore, Singapore
14 May 2022
28 May 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!

This position within the market is primarily responsible for the banks' client on-boarding, continued AML/CFT monitoring and reviews from Front Office. The successful candidate is expected to maintain high and consistent standards in accordance to the AML/CFT Procedures within the bank. In addition, the successful candidate may also be assigned other compliance/risk management relevant tasks, assignments or projects.

Main duties:
Client on-boarding
Work with relevant RM/MAs to advise/assist to conduct/review client due diligence (CDD) background checks and screening on prospects, clients and counterparties to identify the risks of the client or counterparty and subsequent submission to Compliance for approval, including submissions to BOS/OCBC 4-man Committee as relevant. Engage Compliance with relevant RM/TH/MH/BM on complex cases and for issue/case resolution and follow up with RM/MA on required pending action where relevant.

Client Reviews
  • Review Periodic 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.

Other Compliance/Risk related task/assignments/projects as assigned by Business Manager

  • Minimum 5-10 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.
  • Experience in dealing with sanctions matters, European clients and related language skills would be an added advantage
  • Familiar with excel and preparation of statistics for reporting.
Education Requirements:
  • University degree and equivalent, or higher education.
  • A recognized Compliance qualification would be an added advantage.
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