CFS AML Risk Management (CARM) / AML Senior Analyst

CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) to manage CFS AML Risk in a highly demanding and fast paced environment, with opportunities and exposure in the area of proactive AML risk management for aspiring AML expertise individuals

Provide AML/CFT expertise in personally conducting or providing 2 nd level reviews and approval, as well as training and guiding AML Analysts, on:

• Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
• Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
• Recommend and provide risk mitigating plan for senior management consideration,
• Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.

Manage a team of up to 10 Analysts with key responsibilities covering 1 or more of the following AML/CFT control and risk mitigation activities:

• Processing of escalated name screening alerts and/or transaction activities alerts,
• Processing of priority requests from compliance or local authorities
• File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
• Conducting Standard and/or Enhanced Customer Due Diligence reviews,
• Customers and internal stakeholders engagement on request of information and documents,
• Exit and closure of customer banking relationships,
• Activities progress tracking through MIS update and reporting,
• Provide AML advisory support to internal stakeholders where required
• Quality assessment of completed operational tasks and provide update reporting to management on observations.
• Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
• Conduct trainings on identified gaps, refresher program and new hires training.
• Conduct policy gap analysis and procedural updates to meet new requirements,
• On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
• Project management of "Change The Bank" initiatives covering both process and systems changes.

Key Stakeholders Management

Internal

• Branch Service Risk Management
• Premier Banking Offshore Middle Office
• Premier Private Client Business Management Unit
• Group Lifestyle Financing
• Group Wealth Management
• Consumer Secured Lending
• Card Operations
• Consumer Loan Operations
• Investment Operations
• Account Services
• Operational Risk Management & Compliance
• Regulatory Compliance Unit - AML

External

• CFS Customers

Qualifications
Experience & Skill Set

Educational and Work Experiences:
Diploma or Degree holders with minimum 3 years of direct Sanctions/AML/CFT operational experience,
or
Degree holders with minimum 5 years of financial institution experience, aspiring to develop a career in AML risk management

Individuals with team management experience and
Diploma or ACAMS in Sanctions / AML / CFT will be highly considered.

Technical skills:
Strong technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.

Constantly keeping abreast of developments in Sanctions, ML/TF Risk typologies, measures and risk management. Collaborate with the relevant stakeholders to adopt best industry practices

Personal Traits:

• Passionate in developing a career in AML risk management and compliance.
• Independent self-starter
• Strong analytical abilities and risk assessment acumen.
• Committed and focused individuals
• Positive and progressive behavioural traits
• Effective leadership and training capabilities
• Good team player
• Good written and oral communication skills and ability to interact effectively with people at different levels
• Forward looking and embraces technology to drive efficient and effective AML risk management.

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