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