Business Compliance Service Manager (Screening) - Global Enterprise Banking

  • Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 17 Aug 17

Business Compliance Service Manager (Screening) - Global Enterprise Banking

The incumbent is required to review and carry out surveillance work on Corporate accounts (EmB) to manage the risks pertaining to anti-money laundering, counter-terrorism financing or economic and trade sanctions.

The Business Compliance Service Manager is expected to be accurate, thorough and detailed in his/her analysis of account transactions. When there is a transaction or event that poses a risk to the bank (whether reputational or potential breach of law, sanction of regulation) he/she is expected to identify the risk and recommend/take remedial action to mitigate the risk. He/she is required to complete the reviews in a timely manner before stipulated deadline.

The job scope of the Business Compliance Service Manager includes:
  • Assessment of name screening hits
  • Perform transaction monitoring and sanctions review
  • File STRs and recommend relationship strategy
  • Liaise with customers on agent bank / customer screening queries on telegraphic transfer transactions
  • Work closely with business users and project team members on problem resolution, project initiation, implementation and post implementation support
  • Contribute to developing and ensuring a compliant culture within the business users
  • Conduct research via available Bank systems and commercial databases as well as internet
  • Interface with relevant units and the business in regards to compliance reviews, investigation, as well as other ad-hoc projects


Qualifications
Qualifications
  • Degree holder or above with at least 1 to 3 years of relevant experience
  • Knowledge of local regulatory guidelines, KYC/AML guidelines and good awareness of bank controls and operations risk
  • Knowledge the use of World check / Factiva
  • Proficiency in MS office applications
  • Excellent analytical, interpersonal, communication and written skills
  • Ability to articulate thought process clearly