Business Compliance – AM

Job title: Business Compliance – AM

Company: OCBC Bank


Job description: 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 Business Compliance Officer at OCBC, you’ll play a critical role in ensuring the bank’s operations are conducted with integrity and in compliance with regulatory requirements. You’ll have the opportunity to work closely with various stakeholders, identify potential risks, and implement effective controls to mitigate them. This role offers a unique blend of challenge and satisfaction, as you contribute to maintaining the bank’s reputation and upholding the trust of our customers.How you succeed
To excel in this role, you’ll need to stay up-to-date with changing regulatory requirements and industry trends. You’ll work collaboratively with business units to identify and assess compliance risks, and develop effective controls to manage these risks. Your analytical and problem-solving skills will be essential in identifying potential compliance issues and implementing solutions to address them.What you doTimely completion of CDD/KYC on-boarding/reviews which includes identifying red flags (i.e. OFAC and/or BNM’s AML/CFT guidelines/directives), validating negative media (adverse media news), names screening on client (directors/shareholders) and providing justifications to findings.Obtain and analyze transactions and transaction patterns related to foreign correspondent banks (i.e. Vostro), payment intermediaries and affiliates client’s activity, validating KYC and identifying unusual/suspicious transactions that cannot be reasonably explained based on client’s KYC profile.Thoroughly and succinctly document transaction recommendations and basis of CDD/KYC approval and collating KYC/CDD data for regular and timely updating them into logbook maintained by FID and regulatory reporting to internal management on timely basis.Supporting RMs daily administrative functions relating to client’s service requirements including following up on regulatory information as needed to facilitate payments/receipts by stakeholders and also assist with account opening and checking of documents to ensure smooth completion of account opening process.Ad-hoc assignment as assigned from time to time by HOD and taking responsibility to ensuring the assigned tasks are carried out and follow through diligently up until completion.Who you areUniversity graduates with at least 2 years working experience in related area.Ability to diligently and independently and have inquisitive mind to explore on working approaches to increase productivity and effectiveness.Taking responsibility in work and able to work diligently on assignment assigned by HOD and always taking initiative to strive for work excellence.Ability to work with peers and demonstrate teamwork and commitment and ability to deliver tight compliance reporting and datelines.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.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. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.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.

Expected salary:

Location: Malaysia

Job date: Wed, 18 Jun 2025 07:17:39 GMT

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