Business Compliance Team Leader, Commercial Banking Compliance

at  OCBC Bank

WHY JOIN

At OCBC, we uphold integrity as one of our core values and place a strong emphasis on having a strong compliance culture. We are seeking a highly skilled and experienced individual to join us as a Business Compliance Team Leader. The Business Compliance Team Leader role within the Commercial Banking Business Compliance Team is responsible for leading a team of compliance professionals in carrying out surveillance review on corporate accounts (Commercial Banking) to manage risks pertaining to money laundering, terrorism financing or economic and trade sanctions. Your expertise will be instrumental in maintaining a culture of ethical conduct and minimizing risk within our business operations.

During your time with us, you can expect to:

• Enrich your knowledge on local regulations, bank controls and AML risk within the Emerging Business
• Be part of an environment that supports your development and recognises your achievements.
• Make connections that will advance your career in the business banking industry.
• Sharpen your interpersonal, analytical and research skills.

If you are a highly motivated individual with a passion for compliance and a proven track record of leading successful compliance teams, we invite you to apply for this challenging and rewarding position.

WHO YOU ARE

We are looking for degree holders who possess:

• Minimum 8 years of banking experience.
• Good track record in managing a team.
• Excellent communication and stakeholder management skills.
• Driven and thrive under pressure.
• Ability to multi-task and work well to meet deadlines.
• Work independently and collaboratively with internal and external stakeholders.
• Excellent command of spoken and written English and/or other languages.
• Good grasp of local regulatory, KYC and AML guidelines and good awareness of bank controls and money laundering and sanctions risks.
• Proficiency in MS office applications, World check or Factiva

WHO WE ARE

Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.
And so whether you want innovate needs-based financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.

Essential Duties and Responsibilities:

• Lead and manage a team of compliance professionals, providing guidance, support, and mentorship to ensure their professional development.
• Develop and implement policies and procedures to ensure adherence to legal and regulatory requirements.
• Conduct regular self-assessments to identify areas of gaps and develop action plans to address them.
• Collaborate with cross-functional teams to ensure efficient and effective management of money laundering and sanctions risks.
• Investigate and resolve complaints and violations, ensuring appropriate corrective actions are taken.
• Collaborate with external and internal auditors.

Qualifications