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VP, Sanctions Compliance Officer, Sanctions Team, Group Anti-Money Laundering

Roles & Responsibilities

Provide functional guidance as the deputy to the Team Head, Group Sanctions for the establishment of a strong sanctions compliance framework and culture within the Group.
Keep abreast of and analyse risk impact of various jurisdictional sanctions laws and regulations developments that are material to the Group's operations, and disseminate relevant updates on such developments.
Formulate the relevant jurisdictional sanctions laws and regulations especially the US Treasury Sanctions regulations to OCBC's Sanctions Policy requirements
Advise relevant businesses on the impact of the incremental requirements and assist to identify and map the Group's exposure arising from existing customers deals
Identify, recommend mitigating measures and work closely with Business impacted by the incremental sanctions risk; seeking management's approval on risk acceptance, where relevant
Provide guidance on complex sanctions compliance advisory to Business & Operations Units, in-line with applicable sanctions policies and procedures, on sanctions risk issues at account/relationship and transactional levels to ensure prompt and clear advice is provided to relevant stakeholders on sanctions matters.
Review submissions to senior management committees on sanctions risk case escalations.
Develop Sanctions training programs and to conduct training to management and staff.
Ad hoc duties as assigned.

Reporting to:

Qualifications
Requirements :

A university degree in Accounting/Commerce/Economics/Finance, Banking, Engineering or Law or related discipline with at least 7 years post-qualification experience in compliance and anti-money laundering/counter terrorism financing compliance ("AML") with established financial institutions.
Relevant AML/Sanctions experience in a regional / head office role.
Broad knowledge of business, operations and the AML/CFT regulatory framework in which bank groups operate.
Broad knowledge of the trade finance business and products, cash management services, transaction filtering and the ML/TF/Sanctions risks relating to bank business and operations.
Familiar with international sanctions regulations from the United Nations, MAS, US, European Union.
Strong analytical skills and clear thought process.
Strong communication (including written) and interpersonal skills.
Leadership qualities and experience in managing a team preferred.

*LI-MLIU