Compliance Manager - AML Policy & Oversight (Director)
- Recruiter
- Bank of Singapore
- Location
- Singapore
- Salary
- Competitive salary
- Posted
- 16 Oct 2019
- Closes
- 19 Oct 2019
- Ref
- 6678939
- Job role
- Finance 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 and Oversight Team member in charge of overseeing: : (i) MAS AMLCFT Controls Strategic Uplift Project; (ii) AMLCFT Governance, 4-Man Committee and Management Reporting Framework; (iii) AMLCFT/Sanctions Global Oversight for BOS overseas entities and BOS Trustees Limited.
Main Duties:
Anchor for MAS AMLCFT Controls Strategic Uplift project jointly conducted with OCBC Group AML
AMLCFT/Sanctions Global Oversight for BOS Overseas Entities and BOS TL
Qualifications
Work Experience and Technical Skills
Personal Traits/Characteristics:
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 and Oversight Team member in charge of overseeing: : (i) MAS AMLCFT Controls Strategic Uplift Project; (ii) AMLCFT Governance, 4-Man Committee and Management Reporting Framework; (iii) AMLCFT/Sanctions Global Oversight for BOS overseas entities and BOS Trustees Limited.
Main Duties:
Anchor for MAS AMLCFT Controls Strategic Uplift project jointly conducted with OCBC Group AML
- Key responsibilities include continued co-creation with MAS 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 MAS engagement sessions.
- 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 Governance framework.
AMLCFT/Sanctions Global 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.
- 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.
- 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.