AML Project Manager - CFS AML Risk Management (CARM)

22 Nov 2018
24 Nov 2018
Contract type
Full time

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

Description and Details:
§ Collaborate with Front Office and various stakeholders to gather requirements, solve business problems by proposing relevant, innovative solutions.
§ Working with development teams, compliance teams and other analysts for timely delivery of deliverables applying agile development methodologies.
§ Identify and validate requirement gaps, resolve conflicts and propose viable alternatives.
§ Translating and documenting business requirements.
§ Effective bridge between Business and Technical Teams to ensure applications/systems are designed and built according to business and technical requirements.
§ Preparing UAT test scripts.
§ Managing testing phases and performing UAT with users, supporting the analysis of results and answering user's questions
§ Identify risks and issues early, plan mitigating steps and communicate these to stakeholders in a timely manner.
§ Work closely with business sponsors, project and programme managers to ensure all stakeholders are fully engaged and expectations managed.
§ Delivery focused, committing to specific tasks and ensuring these and the overall projects deadlines are met.
§ To come up with the mock-up/prototypes to solidify understanding while capturing of user requirements.
§ To understand the user requirements with reference to the BAU process and able to link and amend the process based on the new enhancements.
§ Perform quality assurance activities to ensure application is built according to quality standards.
§ Perform impact analysis due to change requests, enhancements or re-work.
§ Present and effectively communicate validated requirements, functional design, mock-ups to stakeholders.
§ Produce timely management reports.
§ Assist with management of issues highlighted via self-identification, internal and external audit reviews.
§ Conduct trainings on identified gaps, system enhancements.
§ Willing to accept 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.

Additional Ad-hoc activities involve assisting Team Manager to in 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.

Educational and Work Experiences:
Degree holders with minimum 3 years of financial institution Business Analyst experience, aspiring to develop a career in AML risk management with experience in project management (Systems related).

Individuals with project management experience/certification 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

Completed at least 1 full systems project life cycle and successfully deployed a new or enhanced system, preferably AML/CFT/Sanctions related.

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 behavioral 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