AM/MGR, Business Compliance Officer, Global Financial Institutions - AML (6 months contract)

Summary: The FIAML CDD Analyst role involves conducting Customer Due Diligence (CDD) reviews for OCBC Financial Institution Clients, including Banks and Non-Bank Financial Institutions. The successful candidate will be responsible for gathering and analyzing KYC information, ensuring compliance with AML/CDD policies, and collaborating with relationship managers. This position offers opportunities for learning and development in a dynamic banking environment. The role requires meticulous attention to detail and a proactive approach to risk assessment.

Key Responsibilities:

• Perform customer due diligence and enhanced due diligence during the onboarding, periodic and trigger review of Financial Institutional customers (ie. Banks and NBFIs)
• Liaise with customers to obtain updated information
• Understanding of how risk factors impact client risk rating
• Identify and escalate any unusual activity / transaction activity not consistent with client's expected profile
• Conduct research via available Bank systems and commercial databases as well as internet searches
• Review and evaluate recent negative news related to clients
• Recommend relationship strategy where applicable
• Work closely with the relationship managers to assist the department in complying the AML/KYC requirements
• Act as a subject matter expert in the execution and implementation of CDD / EDD requirements in accordance with OCBC's related AML / Sanctions policies and procedures
• Interface with relevant units and the business relating to compliance reviews, investigation, as well as other ad-hoc projects
• Assist with internal and external compliance audits and MAS regulatory audits

Key Skills:

• A university degree in Accounting/Banking/Finance or related discipline
• At least 2 to 6 years of experience in conducting CDD for institutional clients; preferably with understanding of Correspondent Banking
• Basic working knowledge of Singapore AML laws and regulations relative to money laundering and terrorist financing
• Identifying and understanding the AML and Sanctions Risk associated with Financial Institutions clients
• Ability to analyze client information and documentation to facilitate account opening, ongoing name screening and periodic reviews
• Proficiency in MS office applications / Public Domain searches / Factiva
• Excellent analytical, interpersonal, communication and writing skills
• Independent and ability to multi-task and meet multiple deadlines
• AML Certification (ACAMS) or other AML / Compliance certification preferred

Salary (Rate): undetermined

City: Singapore

Country: Singapore

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other