MGR, Sanctions Compliance Officer
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What you'll do
- Ensure that OCBC’s Sanctions Policies and procedures adequately address the multiple jurisdictional sanctions laws and regulations (including UN/MAS/OFAC/EU/UK sanctions).
- Identify, recommend mitigating measures and work closely with Business impacted by any incremental sanctions risk; seeking senior management’s approvals/ further guidance, where relevant.
- Provide sanctions compliance advisory and training to business and operations units and compliance counterparts within the OCBC Group.
- Monitor and conduct research and follow-up to address major sanctions developments and external reports on sanctions topics.
- Review and provide advisory on transaction screening hits for payments/ transactions.
- Prepare reports on sanctions-related metrics and other sanctions topics to Board, Senior Management and Regulators. This includes analysing Sanctions/PF related suspicious transaction report trends and typologies.
- Maintain a dynamic Sanctions Data Analytics Program to monitor and mitigate sanctions risks effectively and efficiently.
What they're looking for
- Min. 3 years’ experience in compliance and anti-money laundering/counter terrorism financing/sanctions compliance with established financial institutions.
- Degree qualifications in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law, Political Science or related discipline.
- Has relevant AML/Sanctions experience in a regional/head office role.
- Has knowledge of business, operations and the AML/CFT/PF regulatory framework in which bank groups operate.
- Has knowledge of the trade finance business and products, cash management services, transaction filtering and the ML/TF/Sanctions risks relating to FI business and operations.
- Is familiar with international sanctions regulations from the United Nations, MAS, US, European Union, UK.
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 a Sanctions Specialist at OCBC, you'll play a critical role in protecting the bank and its customers from financial crime. You'll work closely with various teams to identify and mitigate risks, ensuring compliance with regulatory requirements. This role offers a unique opportunity to make a meaningful impact on the bank's risk management framework.
How you succeed
To excel in this role, you'll need to stay up-to-date with evolving sanctions regulations and emerging trends. You'll work collaboratively with stakeholders to implement effective sanctions controls, conduct thorough risk assessments, and provide guidance on compliance matters. Your analytical skills and attention to detail will be essential in identifying potential risks and developing mitigation strategies.
What you do
Ensure that OCBC’s Sanctions Policies and procedures adequately address the multiple jurisdictional sanctions laws and regulations (including UN/MAS/OFAC/EU/UK sanctions).
Identify, recommend mitigating measures and work closely with Business impacted by any incremental sanctions risk; seeking senior management’s approvals/ further guidance, where relevant.
Provide sanctions compliance advisory and training to business and operations units and compliance counterparts within the OCBC Group.
Monitor and conduct research and follow-up to address major sanctions developments and external reports on sanctions topics.
Review and provide advisory on transaction screening hits for payments/ transactions.
Prepare reports on sanctions-related metrics and other sanctions topics to Board, Senior Management and Regulators. This includes analysing Sanctions/PF related suspicious transaction report trends and typologies.
Maintain a dynamic Sanctions Data Analytics Program to monitor and mitigate sanctions risks effectively and efficiently.
Who you are
Min. 3 years’ experience in compliance and anti-money laundering/counter terrorism financing/sanctions compliance with established financial institutions.
Degree qualifications in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law, Political Science or related discipline.
Has relevant AML/Sanctions experience in a regional/head office role.
Has knowledge of business, operations and the AML/CFT/PF regulatory framework in which bank groups operate.
Has knowledge of the trade finance business and products, cash management services, transaction filtering and the ML/TF/Sanctions risks relating to FI business and operations.
Is familiar with international sanctions regulations from the United Nations, MAS, US, European Union, UK.
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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