OCBC Bank - Singapore

The position of the FI AML CDD Reviewer is part of the in-business Global Financial Institutions AML team and reports to the FI AML Head. The FI AML CDD/EDD Reviewer is responsible for gathering and analyzing Client KYC information to conduct Customer Due Diligence reviews of OCBC Financial Institution Clients.
Roles and Responsibilities
  • Perform onboarding, periodic and trigger CDD/EDD review of Financial Institutional customers (ie. Banks and Non Bank FIs)
  • 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 profile
  • Conduct research via available Bank systems and commercial databases as well as internet
  • 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 in regard to compliance reviews, investigation, as well as other ad-hoc projects
  • Assist with compliance audits, including internal and MAS-related audits

Reporting to:
  • Head, FI AML

  • 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 and good awareness of banking controls is key for this role
  • Ability to analyze client information and documentation to facilitate account opening, on-going 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