AVP, Anti Money Laundering Advisory
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What you'll do
- Provide risk-based AML/CFT and financial crime compliance advisory to business units, balancing regulatory requirements with business objectives.
- Assess higher-risk customer relationships, transactions, products, and business initiatives, and provide recommendations to manage financial crime risks effectively.
- Partner with business and control functions to identify emerging financial crime risks and develop practical risk mitigation measures.
- Advise stakeholders on AML/CFT regulatory requirements, including interpretation and application of policies and procedures.
- Support the implementation of new regulations, policies, and regulatory expectations, providing guidance to ensure effective adoption across the business.
- Challenge and provide independent risk assessments on customer onboarding, transactions, and business activities involving higher financial crime risks.
- Participate in projects, product launches, and process change initiatives, providing compliance input to ensure risks are appropriately identified and mitigated.
- Monitor financial crime risk trends, regulatory developments, and industry best practices, and translate these into actionable guidance for stakeholders.
- Prepare and present risk assessments, recommendations, and management updates to senior stakeholders and relevant governance forums.
- Work closely with Compliance, Operations, Risk, and Business teams to strengthen the effectiveness and efficiency of financial crime risk management processes and controls.
What they're looking for
- Bachelor's Degree in Law, Finance, Accounting, Business, Risk Management, or a related discipline.
- At least 5 years of relevant experience in AML/CFT, Financial Crime Compliance, AML Risk Advisory, or a related financial crime risk management function within the banking or financial services industry.
- Strong knowledge of the MAS Notice 626, relevant AML/CFT regulations, MAS Guidelines, FATF Recommendations, Wolfsberg Principles, and industry best practices.
- Demonstrated experience in AML/CFT advisory, customer risk assessments, EDD reviews, and financial crime risk management.
- Sound understanding of customer due diligence requirements, beneficial ownership, source of wealth/source of funds assessments, and sanctions risk considerations.
- Strong analytical and problem-solving skills with the ability to assess complex risk scenarios and provide practical, risk-based recommendations.
- Excellent stakeholder management, communication, and influencing skills, with the ability to engage effectively across business and compliance functions.
- Strong organizational skills, attention to detail, and ability to manage multiple priorities in a fast-paced environment.
Nice to have
- Professional certifications such as CAMS, ICA, or equivalent AML-related qualifications will be an advantage.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
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.
Why Join
As an AML Advisory Specialist, you play a critical role in safeguarding OCBC and its customers against money laundering, terrorist financing, sanctions breaches, and other financial crime risks. You will partner closely with Business Units and stakeholders to provide risk-based AML/CFT advisory, support regulatory compliance, and strengthen the Bank's financial crime risk management framework.
This is a challenging and rewarding role for individuals who have a strong understanding of AML/CFT regulations, possess sound risk assessment capabilities, and are passionate about driving effective compliance outcomes while enabling responsible business growth.
How you succeed
To succeed in this role, you will need to maintain a strong understanding of evolving AML/CFT regulations, regulatory expectations, and emerging financial crime typologies. You will work collaboratively with Business Units, FCC stakeholders, and regional teams to identify, assess, and mitigate AML/CFT and sanctions risks.
Your success will be driven by your ability to provide practical risk-based advice, exercise sound judgment on complex customer and transaction risk matters, and balance regulatory compliance with business objectives.
What You Do
Provide risk-based AML/CFT and financial crime compliance advisory to business units, balancing regulatory requirements with business objectives.
Assess higher-risk customer relationships, transactions, products, and business initiatives, and provide recommendations to manage financial crime risks effectively.
Partner with business and control functions to identify emerging financial crime risks and develop practical risk mitigation measures.
Advise stakeholders on AML/CFT regulatory requirements, including interpretation and application of policies and procedures.
Support the implementation of new regulations, policies, and regulatory expectations, providing guidance to ensure effective adoption across the business.
Challenge and provide independent risk assessments on customer onboarding, transactions, and business activities involving higher financial crime risks.
Participate in projects, product launches, and process change initiatives, providing compliance input to ensure risks are appropriately identified and mitigated.
Monitor financial crime risk trends, regulatory developments, and industry best practices, and translate these into actionable guidance for stakeholders.
Prepare and present risk assessments, recommendations, and management updates to senior stakeholders and relevant governance forums.
Work closely with Compliance, Operations, Risk, and Business teams to strengthen the effectiveness and efficiency of financial crime risk management processes and controls.
Who you are
Bachelor's Degree in Law, Finance, Accounting, Business, Risk Management, or a related discipline.
At least 5 years of relevant experience in AML/CFT, Financial Crime Compliance, AML Risk Advisory, or a related financial crime risk management function within the banking or financial services industry.
Strong knowledge of the MAS Notice 626, relevant AML/CFT regulations, MAS Guidelines, FATF Recommendations, Wolfsberg Principles, and industry best practices.
Demonstrated experience in AML/CFT advisory, customer risk assessments, EDD reviews, and financial crime risk management.
Sound understanding of customer due diligence requirements, beneficial ownership, source of wealth/source of funds assessments, and sanctions risk considerations.
Strong analytical and problem-solving skills with the ability to assess complex risk scenarios and provide practical, risk-based recommendations.
Excellent stakeholder management, communication, and influencing skills, with the ability to engage effectively across business and compliance functions.
Strong organizational skills, attention to detail, and ability to manage multiple priorities in a fast-paced environment.
Professional certifications such as CAMS, ICA, or equivalent AML-related qualifications will be an advantage.
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.
Company
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