Compliance Manager - Compliance Testing (Associate Director)

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!

GENERAL DESCRIPTION

The incumbent is responsible to assist the Management of Compliance Department and Head of Compliance Testing, to conduct independent testing activities across departments and functions. He/she is responsible for assessing the design and operating effectiveness of key controls implemented by the first and second line of defense , r eporting control deficiencies and any violations of laws or breaches of policy as well as validating remediation plans taken to address reported issues/risks . He/she is also responsible for performing annual risk assessments of BOS's compliance risks.

Compliance Testing are quasi-audit checks on the processes of BOS FCC teams as well as other business units of the bank to ensure compliance with regulatory requirements in accordance with OCBC Group Compliance Testing methodology.

KEY RESPONSIBILITIES

• Lead and execute compliance testing in accordance with the Compliance Testing (CT) plans and work programme.
• Analyze and document observations and discuss with business/process owners and stakeholders to confirm factual accuracy.
• Prepare Compliance Testing reports on review outcomes and findings.
• Validate effectiveness of remediation plans to address the risks/root causes identified and ensure proper closure.
• Escalate significant observations and gaps identified during testing to Management of Compliance Department.
• Support and execute the development of Compliance Risk Assessment for the Bank.
• Use innovative compliance testing solutions including data analytics to increase value and effectiveness and reduce costs of compliance-related activities.
• Develop effective relationships within CT function and with other key stakeholders including the business process owners and audit function.
• Work with the Compliance Testing team to simplify, streamline and align processes across teams within the Compliance Department.
• Maintain good working knowledge of private banking industry trends, products and relevant laws and regulations.

Qualifications

WORK EXPERIENCE REQUIREMENTS

• 8 to 12 years of compliance experience within the banking/finance industry (preferably Private Banking).
• Experience in Audit/Assurance/Compliance Testing function, process control, project management in process enhancement and strong data analytics background will also be considered.
• Familiar with Banking regulations and Compliance FCC or AML functions will be essential.
• Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
• Ability to work collaboratively with key stakeholders and business partners in other functional units and to influence and interact with executive management.
• Strong analytical mindset and skills - inquiry, analytics, interviewing and testing and well versed in technology and applications which can be utilized for compliance testing.
• Strong communication and report writing skills including the ability to articulate complex issues clearly and succinctly.

EDUCATION REQUIREMENTS

• Degree holder, preferably in business, banking, or finance.
• Professional qualification in financial crime, finance or auditing such as CIA, CPA, CA or CAMS will be preferred.