Compliance Manager - AML Policy, Strategy and Governance (Director)

Recruiter
Bank of Singapore
Location
Singapore
Salary
Competitive salary
Posted
20 Oct 2019
Closes
30 Oct 2019
Ref
6678939
Job role
Finance director
Sector
Banking and financial services
Experience level
Manager, Director
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Compliance Manager in the AML Policy and Oversight Team ! !

Responsibilities:

AML Policy, Strategy and Governance team member in charge of overseeing: : (i) Strategic Project to Uplift AMLCFT Controls in BOS/OCBC; (ii) AMLCFT Risk Governance, 4-Man Committee and Management Reporting Framework; (iii) AMLCFT Global Governance/Oversight for BOS overseas entities and BOS Trustees Limited.

Main Duties:

Anchor for Strategic Project to Uplift AMLCFT Controls jointly conducted with OCBC Group AML
  • Key responsibilities include continued co-creation with the regulators on the Uplift project; coordinate with OCBC Group-driven Steering and Working Committees; and working with BOS 1/1.5LOD to implement Uplift initiatives.
  • Monitor and track progress of Uplift initiatives in BOS Group, design effectiveness measurement metrics alongside Group, and arrange for quarterly engagement sessions with regulators.
AMLCFT Risk Governance, 4-Man Committee and Management Reporting Framework
  • Drive initiative to enhance Senior Management reporting of AML/CFT/Sanctions risks, review all management report information and deploy Data Analytics to build AML Metrics Dashboard.

  • 4-Man Secretariat role, reviewing all 4-Man cases (BOS and OCBC Group), and refining the BOS 4-Man committee processes towards a best-in-case AMLCFT Risk Governance framework.


AMLCFT Global Governance/Oversight for BOS Overseas Entities and BOS TL
  • Build up BOS Global Oversight role and design operating model to ensure alignment and consistency with BOS AMLCFT policies, procedures and initiatives.
  • Advisory and oversight role in support of BOS' exploratory efforts in new markets/countries.
  • Implement BOS Group-wide information sharing protocol and framework to safeguard BOS Group against cross-border AMLCFT/Sanctions risks.
  • Actively monitor for regulatory intelligence on global/overseas developments relevant to BOS.






Qualifications

Work Experience and Technical Skills
  • Degree with minimum 7 years of direct and broad-based compliance experience in the field of AMLCFT and sanctions.
  • Possesses strategic outlook to see and envision the future of AMLCFT work in BOS and an understanding of a best-in-class AMLCFT framework.
  • Strong technical knowledge and understanding of regulatory requirements on AML/CFT and sanctions in the context of banking, with added edge in understanding similar requirements related to capital markets intermediaries (trusts, funds, etc).
  • Strong understanding and active awareness of regulatory expectations in Singapore, international developments, emerging risks/typologies and global trends in relation AMLCFT and Sanctions.
  • Strong analytical capabilities and risk acumen to review management reporting information, with added edge in ability to embrace new technology or have data analytics/coding skills.

Personal Traits/Characteristics:
  • Passionate and finds purpose in pursuing a career in the field of AMLCFT and Sanctions. Forward-looking and possesses a pioneering spirit to carve out new paths to navigate through.
  • Possess change-agent drive, mentality and resilience to understand and follow-through on bringing change from current state towards the end state of AMLCFT transformation.
  • Able to liaise with and build relationships with regulators/supervisors in Singapore and overseas.
  • Good team player and interpersonal skills to allow effective collaboration with multiple stakeholders in BOS/OCBC Group and able to work with BOS colleagues from different cultures and countries.
  • Possesses both high-level strategic outlook and ability to delve into details to drive implementation of key projects, timelines and initiatives.
  • Strong written and oral communication skills and ability to interact effectively with people at different levels.

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