AML Analyst

Who We Are

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future.

We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Job Description

CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Business Risk Management Team (BRMT) and CFS AML & Sanctions Advisory Team 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.

Key Responsibilities

• Analysing new and existing customers profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF);
• Providing relevant sanctions/ML/TF risk assessments of customers profiles and transactions, highlighting any key risk area(s) for attention;
• Recommending effective risk mitigating strategies for senior management consideration; and
• Implementing approved risk mitigating strategies by ensuring thorough and consistent execution
  
  

Key Learnings & Duties

Key learnings and duties include 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;
• Reviewing and/or filing of internal Suspicious Transaction Reports (UTR) to assess if further escalation to Group Regulatory Compliance Unit for STR filing is required;
• Conducting Standard or Enhanced Customer Due Diligence reviews;
• Managing customers and internal stakeholders request for information and documents;
• Exiting and closure of customer banking relationships;
• Tracking of activities progress through MIS update and reporting;
• Providing AML advisory support to internal stakeholders where required; and 9. Participating in on demand risk management projects and activities, including optimisation, RPA and AI RegTech initiatives.
  
  

Academic Requirement

Diploma or Degree holders aspiring to develop a career in AML risk management

Experience

Added advantage for individual with:

• Minimum 2 years of Sanctions/AML/CFT operational experience and/or
• Certification in Sanctions / AML / CFT
  
  

Technical Skills

Technical knowledge and understanding of Singapore's regulatory requirements relating to sanctions, money laundering and terrorism financing

Personal Traits

• Passionate in developing a career in AML risk management
• Independent self-starter with a strong positive mindset and self-motivation ability
• Meticulous, committed and focused
• Possesses an inquisitive mind and raises critical challenges to augment current work processes
• Strong analytical and problem-solving abilities
• Has a good sense of risk acumen
• Ability to influence and collaborate well with stakeholders and team members 8. 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.
  
  

What We Offer

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.