Head of FCC at Oversea Chinese Banking Corp

, Hong Kong, China -

Full Time

Start Date

Immediate

Expiry Date

17 Jun, 26

Salary

0.0

Posted On

19 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Anti-Money Laundering, Counter Financing Terrorism, Sanctions Compliance, Fraud Prevention, Compliance Frameworks, Regulatory Requirements, Leadership, Stakeholder Management, Risk Management, Investigations, Reporting, Policy Formulation, Training, Analytical Skills, Problem-Solving, Communication

Industry

Banking

Description

WHO WE ARE: As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations 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. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver 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. Purpose of the role: The Head of Financial Crime Compliance will lead FCC department in managing and mitigating financial crime risks across the Bank, and ensure the statutory, regulatory and internal requirements are complied with. This senior leadership role requires a strategic thinker with deep expertise in anti-money laundering (AML), counter financing terrorism (CFT), sanctions compliance, fraud prevention, and other financial crime risk areas (altogether known as “financial crime compliance” or “FCC”). The role involves developing and implementing robust compliance frameworks, driving a culture of compliance, and ensuring adherence to regulatory requirements in all jurisdictions where OCBC operates. What you will be doing: Assist the Head of Compliance to ensure compliance with all internal policies and external applicable laws and regulations in relation to FCC regime Act as the Bank’s Money Laundering Reporting Officer to discharge the functions/ roles prescribed under the guidelines/ regulatory requirements on FCC issued by HKMA Oversee the functions of FCC department which establishes and maintains the FCC framework of the Bank Group Collaborate with business units, legal, risk management, and external stakeholders to embed FCC into business processes and decision-making. Manage and lead a high-performing team of FCC professionals, providing coaching, development, and performance management. Provide regular updates and reports to senior management and the Board on FCC risk exposures, compliance status, and emerging threats. Advise the business/ operation units of the Bank Group on all FCC related matters to ensure compliance with regulatory requirements Formulate and implement all FCC related policy/ program/ procedures and to provide training/ guidance to all staff within the Bank Group Lead investigations and reporting of suspicious activities and coordinate with regulators, law enforcement agencies, and external auditors as required Stay abreast of evolving regulatory requirements, industry trends, and emerging financial crime typologies to proactively adjust strategies and controls Lead any FCC inspections from regulators and communicate internally with stakeholders to make sure sufficient materials and explanation are available or submitted to the regulators Provide support and oversight on the FCC functions of the Bank’s overseas subsidiaries in Macau and PRC Who we are looking for: A degree holder in Law, Finance, Accounting or relevant disciplines Minimum 12 years of experience in financial crime compliance, with experience in a leadership role within a banking or financial services environment. In-depth knowledge of AML, CFT, sanctions regimes, fraud prevention, and regulatory frameworks. Proven track record of developing and managing comprehensive financial crime compliance programs. Strong leadership skills with the ability to influence and collaborate across multiple stakeholders. Excellent analytical, communication, and problem-solving abilities. High level of integrity, professionalism, and commitment to ethical standards Excellent analytical, problem-solving, communication and presentation skills Ability to work independently and collaboratively as part of a team Strong attention to detail and organizational skills Proficiency in both written and spoken English. ECF in AML/CFT is preferred What we offer: Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers. 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 Head of Financial Crime Compliance will lead the FCC department in managing and mitigating financial crime risks across the Bank, ensuring compliance with statutory, regulatory, and internal requirements. This involves developing robust compliance frameworks, acting as the Money Laundering Reporting Officer, and overseeing the FCC framework for the Bank Group.