Client Due Diligence Specialist - AML Exit (Assistant Manager/ Manager)

Bank of Singapore opens doors to new opportunities.

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!

Description

This position within Client Onboarding & Lifecycle Management partners with the Front Office stakeholders to promote a sound risk culture and implement an effective operational risk and control framework.

Roles & Responsibilities

• Responsible for overseeing bank-initiated AML Exit across departments.
• Track and monitor cases that are slated for relationship exit due to Reputational or Financial Crime risk, as decided by the management based on AML Framework.
• Prepare and coordinate periodic updates to Group OCBC, and other senior management forums as relevant.
• Review MIS and prepare Management information reports based on agreed requirements from various functions within the Bank (including Finance, Financial Crime Compliance) and make recommendations based on the reporting.
• Conduct training sessions for Front Office to enhance their understanding of the existing policies or any upcoming changes.
• Collaborate with Front Office to drive completion of various remediation and review exercises.
• Support Client Onboarding & Lifecycle Management on ad-hoc projects that are assigned from time to time in line with overall priorities of the Bank.
• University degree in Accountancy, Finance, Business Administration or equivalent, or higher education.
• Minimum 2-3 years of experience in AML/KYC Compliance, Controls or related functions in a private or corporate banking environment.
• Familiar with MS Excel, MS Word, MS PowerPoint and other office automation tools.
• Knowledgeable and sensitive to the risks (PEP, Sanctions, reputational risks) and suspicious activities typical of private or corporate banking clients.
• Strong knowledge in AML, CDD guidelines and its applicability to private or corporate banking clients.
• Strong understanding of various banking products and account structures.
• The candidate should have strong problem-solving skills and ability to challenge ideas and develop solutions. Candidate must be adaptable, comfortable dealing with ambiguity, detail orientated, able to manage across various priorities, and capable of building strong stakeholder relationships across all stakeholders in the Bank.
• Knowledge in VBA macros in MS Excel would be a bonus.