CARM Risk Analyst, Consumer Financial Services

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Since our incorporation, we have been enabling people and communities to realise their aspirations. This is our purpose.

As the second-largest financial services group in Southeast Asia by assets, we hold one of the world’s highest credit ratings: Aa1 by Moody’s and AA- by both Fitch and S&P. Our commitment to excellence has earned us numerous industry accolades, reinforcing our reputation as one of Singapore’s best banks.

With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented by a presence in the leading economies of New York, London and Sydney. As One Group, we support your ambitions across borders with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.

OCBC offers private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

Great Eastern Holdings, our insurance subsidiary, is the oldest and most established life insurance group in Singapore and Malaysia.

Lion Global Investors, our asset management subsidiary, is one of the leading asset management companies in Southeast Asia.

The Group has over 400 branches and representative offices in 19 countries and regions.

Purpose of the role:

The primary responsibility of this role is to conduct thorough risk assessments, due diligence on customers and adjudication of name screening alerts to ensure compliance with Anti-Money Laundering (AML) regulations and mitigate potential risks. Strong understanding of AML laws and regulations, analytical skills, and the ability to work in a fast-paced and dynamic environment.

Senior / experienced members are expected to take on leadership and mentor responsibilities as Team Leads

What you will be doing:

Review customer onboarding documentation and to conduct AML/CFT assessment to CFS Personal Accounts under BUs & Branches, and to provide AML/CFT advisory in relation to onboarding KYC issues.

Conduct surveillance & on-going transaction monitoring on existing CFS Personal customers, as well as any other Ad-hoc Transaction Reviews upon request.

Conduct periodic CDD and Enhanced Due Diligence (ECDD) Reviews to CFS customers in Branches and BUs (including OCBC Credit).

Review ECDD of customers conducted by Branches upon Triggering Events and submit to RnP Head approval and to ensure Triggering Event Reviews identified by CMP are approved within predetermined timelines in accordance with Group Policy.

Assess escalated name screening alerts and trigger required risk mitigating actions per Group Policy or Regulations.

Identify, investigate, and report to CMP whenever suspicious transaction (STR) is identified in a timely manner.

Provide compliance regulatory & policy updates to Business Unit

To assist in structure and implement risk control strategy and risk mitigation measures to ensure effective AML control

Support AML / CFT related projects

Senior / experienced members are expected to take on leadership and mentor responsibilities.

What are we looking for:

Degree holder in relevant field

Advantage for holder with ACAMS, internationally recognized certification, diploma from professional body such as International Compliance Association and certification under AAMLP / CAMLP.

Professional certifications in AML/CFT are an advantage

Proficient in Microsoft Excel, Word, PowerPoint; Basic data literacy and application of data in data driven risk management

Strong analytical and problem-solving skills

Excellent communication and interpersonal skills

Ability to work independently and as part of a team

Knowledge of anti-money laundering regulations and trends

Full-time