OCBC Bank

AVP, Quality Assurance, Group Anti-Money Laundering

Recruiter
OCBC Bank
Location
Singapore
Salary
Competitive salary
Posted
10 Oct 2019
Closes
17 Oct 2019
Ref
6632293
Approved employers
Approved employer
Job role
Accountant
  • Assist the Head Quality Assurance (AML) in the execution of Quality Assurance (QA) work within GLRC AML. The scope of the QA function includes Transaction Surveillance and related investigations, CDD/EDD at 1LOD/2LOD and name screening dispositioning.
  • Understand the various policy and regulatory requirements in countries where OCBC operates and adopt requirements or practices that are robust to support the Group's AML/CFT framework and program
  • Responsible for executing the related Quality Assurance Function policy within GLRC AML
  • Provide training and support to Group Transaction Surveillance and other units/entities on the outcome of the QA work conducted.

  • Work closely with the related parties (QA work) to ensure that remediation/gaps identified are adequately resolved to be in line with prevailing industry standards or regulatory expectations/requirements.

  • Monitor the outcome of QA work conducted and follow up on implementation/remediation work conducted, where necessary.

  • Provide strategic directive on operational requirements to fulfil the Group's AML/CFT and Sanctions obligations including specifications for the Group's operational systems to ensure integration into the Customer Identification, Due Diligence and Monitoring Programs

  • Prepare the submission of metrics for Senior Management Reporting. This also includes periodically refreshing and enhancing the reporting formats, KPIs, metrics, etc.

  • Any other duties deem necessary by the Head of Quality Assurance.


Qualifications
  • A university degree with at least 5 years experience in compliance and anti-money laundering/counter terrorism financing compliance ("AML") with established financial institutions.
  • Broad knowledge of business, operations and the AML/CFT regulatory framework in which bank groups operate.
  • Strong investigation and analytical skills
  • Strong communication (including written) and interpersonal skills.
  • Ability to influence and work with multiple stakeholders across the business

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