Client Due Diligence Specialist - Post Onboarding Advisory (Manager) at Oversea Chinese Banking Corp

, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

17 May, 26

Salary

0.0

Posted On

16 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

AML/CFT Monitoring, Client Due Diligence, Post Onboarding Review, KYC Guidelines, CDD Guidelines, Source Of Wealth Review, Source Of Funds Review, Risk Management, Stakeholder Management, Process Improvement, Documentation, Standard Operating Procedures, Training, Reporting, Client Lifecycle Management

Industry

Banking

Description

Bank of Singapore opens doors to new opportunities. 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! The position within the Post Onboarding Review team in Client Onboarding & Lifecycle Management (“COLM”) is primarily responsible to support the Bank’s continued AML/CFT monitoring and reviews. The candidate is expected to maintain high and consistent standards in accordance with the Bank’s AML/CFT policies and procedures. The candidate is also expected to partner with Front Office to review and promote a sound AML/CFT risk culture. The candidate will also be expected to support the Client Lifecycle Management (CLM) target operating model (“TOM”) for client reviews and offboarding (where it relates to exits due to AML reasons). The CLM TOM is part of the Bank’s initiative to streamline the end-to-end client lifecycle journey. The candidate will have the opportunity to interact with stakeholders across various functions in the Bank. Roles & Responsibilities Perform periodic reviews based on our internal KYC and CDD guidelines for existing end-clients (Clients) and all non-client reviews except for financial intermediaries (FIM). Perform independent and thorough review, including plausibility checks and corroboration of clients’ account structure, sources of wealth (SOW) and source of funds (SOF). Candidate is to work closely with Front Office staff to ensure that source of wealth gaps or red flags uncovered during periodic reviews and/or source of wealth remediation are properly addressed and remediated within the stipulated deadline. Track and monitor cases slated for AML Exit due to Financial Crime and/or Reputational Risk, as decided by the management based on AML Framework. Organizing and managing various internal stakeholders in the Working Group (WG) of cross-functional members across the Bank such as Front Office, Compliance, Operations, Technology, etc. Provide support to the Head of Post-Onboarding Reviews in the CLM TOM to prepare business requirements for development, and testing phases. Support the working group in defining and refining requirements based on the CLM TOM. Develop and maintain documentation, including process flows, user manuals, drafting of Standard Operating Procedures (SOPs) and training materials for client reviews and AML exits. Conduct training sessions for Front Office to enhance their understanding of the relevant policies and procedures. Prepare periodic Senior Management information reports based on agreed requirements. Support Head of Post Onboarding Reviews on any matters that are assigned from time to time in line with overall priorities of the department. Let’s build the bank we need for the future we want. Find the best version of yourself in a friendly, supportive team. 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 Introduce yourself to our recruiters and we'll get in touch if there's a role that seems like a good match. As the longest established Singapore bank, formed in 1932 from the merger of three local banks, we have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.

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Responsibilities

The specialist is primarily responsible for supporting AML/CFT monitoring and reviews, maintaining high standards in line with bank policies, and partnering with the Front Office to promote a sound AML/CFT risk culture. Key duties include performing periodic KYC/CDD reviews, investigating SOW/SOF, tracking AML exits, and supporting the Client Lifecycle Management Target Operating Model.