Senior AML Analyst, CFS AML Risk Management Senior AML Analyst, CFS AML Risk Management …

OCBC Bank
in Singapore
Permanent, Full time
Last application, 19 Jan 21
Competitive
OCBC Bank
in Singapore
Permanent, Full time
Last application, 19 Jan 21
Competitive
OCBC Bank
Senior AML Analyst, CFS AML Risk Management
Key Responsibilities
CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) 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
Provide AML/CFT expertise in personally conducting or providing 2nd level reviews and approval, as well as training and guiding AML Analysts, on:
 Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
 Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
 Recommend and provide risk mitigating plan for senior management consideration,
 Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 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
 File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
 Conducting Standard and/or Enhanced Customer Due Diligence reviews,
 Customers and internal stakeholders engagement on request of information and documents,
 Exit and closure of customer banking relationships,
 Activities progress tracking through MIS update and reporting,
 Provide AML advisory support to internal stakeholders where required
 Quality assessment of completed operational tasks and provide update reporting to management on observations.
 Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
 Conduct trainings on identified gaps, refresher program and new hires training.
 Conduct policy gap analysis and procedural updates to meet new requirements,
 On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
 Project management of "Change The Bank" initiatives covering both process and systems changes.
CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) 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
Provide AML/CFT expertise in personally conducting or providing 2nd level reviews and approval, as well as training and guiding AML Analysts, on:
 Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
 Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
 Recommend and provide risk mitigating plan for senior management consideration,
 Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 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
 File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
 Conducting Standard and/or Enhanced Customer Due Diligence reviews,
 Customers and internal stakeholders engagement on request of information and documents,
 Exit and closure of customer banking relationships,
 Activities progress tracking through MIS update and reporting,
 Provide AML advisory support to internal stakeholders where required
 Quality assessment of completed operational tasks and provide update reporting to management on observations.
 Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
 Conduct trainings on identified gaps, refresher program and new hires training.
 Conduct policy gap analysis and procedural updates to meet new requirements,
 On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
 Project management of "Change The Bank" initiatives covering both process and systems changes.
CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) 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
Provide AML/CFT expertise in personally conducting or providing 2nd level reviews and approval, as well as training and guiding AML Analysts, on:
 Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
 Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
 Recommend and provide risk mitigating plan for senior management consideration,
 Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 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
 File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
 Conducting Standard and/or Enhanced Customer Due Diligence reviews,
 Customers and internal stakeholders engagement on request of information and documents,
 Exit and closure of customer banking relationships,
 Activities progress tracking through MIS update and reporting,
 Provide AML advisory support to internal stakeholders where required
 Quality assessment of completed operational tasks and provide update reporting to management on observations.
 Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
 Conduct trainings on identified gaps, refresher program and new hires training.
 Conduct policy gap analysis and procedural updates to meet new requirements,
 On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
 Project management of "Change The Bank" initiatives covering both process and systems changes.
CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) 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
Provide AML/CFT expertise in personally conducting or providing 2nd level reviews and approval, as well as training and guiding AML Analysts, on:
 Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
 Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
 Recommend and provide risk mitigating plan for senior management consideration,
 Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 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
 File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
 Conducting Standard and/or Enhanced Customer Due Diligence reviews,
 Customers and internal stakeholders engagement on request of information and documents,
 Exit and closure of customer banking relationships,
 Activities progress tracking through MIS update and reporting,
 Provide AML advisory support to internal stakeholders where required
 Quality assessment of completed operational tasks and provide update reporting to management on observations.
 Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
 Conduct trainings on identified gaps, refresher program and new hires training.
 Conduct policy gap analysis and procedural updates to meet new requirements,
 On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
 Project management of "Change The Bank" initiatives covering both process and systems changes.
CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore business unit. The team actively works in partnership with CFS Operational Risk Management & Compliance (ORMC) 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
Provide AML/CFT expertise in personally conducting or providing 2nd level reviews and approval, as well as training and guiding AML Analysts, on:
 Reviewing and analysing customer profile in the relevant AML/CFT/Sanctions scope of work,
 Provide overall Sanctions, ML/TF risk assessment on customers profile, identifying key risk areas for attention,
 Recommend and provide risk mitigating plan for senior management consideration,
 Implement effective risk mitigating actions/plans for CFS as part of the team's risk management activities.
Manage a team of up to 10 Analysts with key responsibilities covering 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
 File and/or Review escalated Suspicious Transaction Reports (STR) for consideration of further escalation to Group Regulatory Compliance Unit for STR filing,
 Conducting Standard and/or Enhanced Customer Due Diligence reviews,
 Customers and internal stakeholders engagement on request of information and documents,
 Exit and closure of customer banking relationships,
 Activities progress tracking through MIS update and reporting,
 Provide AML advisory support to internal stakeholders where required
 Quality assessment of completed operational tasks and provide update reporting to management on observations.
 Pro-active management of issues highlighted via self-identification, internal and external audit reviews.
 Conduct trainings on identified gaps, refresher program and new hires training.
 Conduct policy gap analysis and procedural updates to meet new requirements,
 On demand risk management projects and activities, including process optimisation, RPA and AI RegTech initiatives.
 Project management of "Change The Bank" initiatives covering both process and systems changes.

Key Stakeholders Management
Internal
 Branch Service Risk Management
 Premier Banking Offshore Middle Office
 Premier Private Client Business Management Unit
 Group Lifestyle Financing
 Group Wealth Management
 Consumer Secured Lending
 Card Operations
 Consumer Loan Operations
 Investment Operations
 Account Services
 Operational Risk Management & Compliance
 Regulatory Compliance Unit - AML
External
 CFS Customers

Qualifications
Experience & Skill Set
Educational and Work Experiences:
Diploma or Degree holders with minimum 3 years of direct Sanctions/AML/CFT operational experience,
or
Degree holders with minimum 5 years of financial institution experience, aspiring to develop a career in AML risk management
Individuals with team management experience and
Diploma or ACAMS in Sanctions / AML / CFT will be highly considered.
Technical skills:
Strong technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.
Constantly keeping abreast of developments in Sanctions, ML/TF Risk typologies, measures and risk management. Collaborate with the relevant stakeholders to adopt best industry practices
Personal Traits:
 Passionate in developing a career in AML risk management and compliance.
 Independent self-starter
 Strong analytical abilities and risk assessment acumen.
 Committed and focused individuals
 Positive and progressive behavioural traits
 Effective leadership and training capabilities
 Good team player
 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.

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