Contract Executive (OSPL - AML/CFT & Sanctions Risk)g)

Employer
OCBC Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
23 Jul 2022
Closes
06 Aug 2022
Ref
16001763
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Role
You will be responsible for conducting customer due diligence for onboarding of new customers and carrying out review of existing accounts to ensure regulatory compliance. You will work closely with internal stakeholders to identify and assess risks and implement relevant controls to enhance AML/CFT and Sanctions Risk at OSPL.

Responsibilities
  • Review and analyse due diligence information on new and existing clients in order to meet all regulatory requirements
  • Analyse challenging or high risk account opening situation and make appropriate recommendations to management on whether to onboard or maintain existing relationship and other suitable recommendations as to appropriate controls to be put in place
  • Liaise with TRs and relevant stakeholders on account opening related and KYC queries
  • Conduct enhanced due diligence and liaise with stakeholders/vendors on investigative reports
  • Conduct quality control and 4 eye-checks on client accounts
  • Review any suspicious activities arising from rolling review of client accounts


Qualifications
Requirement
  • Good understanding of relevant AML/CFT laws and regulations
  • Able to communicate clearly and confidentially
  • Able to directly address conflicts and escalate issues where appropriate
  • Communicates well and across all levels including senior management
  • Good team player, proactive and able to adapt quickly

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