Business Compliance Specialist (Associate/Senior Associate)

Bank of Singapore
Singapore, Singapore
08 Aug 2022
23 Aug 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!

Client Onboarding
  • Conduct in-depth due diligence background checks and screening of prospects, clients and counterparties to identify the risks of the client or counterparty
  • Work with Business and Financial Crime Compliance teams to ensure onboarding submission is of high AML quality.

  • Work closely with relevant stakeholders to ensure effective review, implementation and adherence to Regulatory policies and procedures
  • Perform risk assessments from regulatory and business developments. Conduct assessment of an array of Risk and Regulatory attestations (RCSA, RRSA, etc.)
  • Facilitate the consolidation of MIS reports for management reporting and support in various risk and governance forums/committees
  • Regulatory breach and operational risk reporting
  • Assist in conducting reviews/sample testing on a risk-based approach to ensure Front Office staff meet the regulatory and Bank policy requirements
  • Monitoring of staff travel under Cross Border Marketing Guidelines - Length of Stay restrictions

  • Collaborate with Front Office to drive completion on various remediation and review exercises (e.g. W8 refresh, FATCA - CRS Submission and RM inquiry, MANTAS, STR, etc.)
  • Provide support to Business Compliance Manager and Head of Business Management in various Compliance-related projects and working groups
  • Assist in tracking of issues and actions escalated by Front Office or management
  • Conduct internal training for staff in front office.
  • Lead projects or process improvements assigned by management.
  • Consolidate review findings and Group management reports to Senior Management and collation of statistics.

  • A minimum 3-5 years of relevant experience in private banking or business risk management within a financial institutions is preferable
  • A good understanding of multi-disciplinary compliance areas (Regulatory and AML)
  • Bachelor degree or diploma from reputable institutions
  • Excellent interpersonal, communication skills
  • Meticulous, strong attention to detail
  • Possess future oriented mindset, strive to innovate and adapt to changes
  • Strong understanding of inter-dependencies within the team and able to collaborate effectively across departments
  • Ability to thrive in a fast paced environment and remain empathetic, passionate and resilient
  • Able to work both independently and as a team player

Similar jobs

Similar jobs

  • You need to sign in to save