FCC Compliance Specialist

OCBC Bank

  • Hong Kong
  • Permanent
  • Full-time
  • 1 day ago
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!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 role is under Financial Crime Compliance – Client Review Team (FCC CRT). FCC CRT is responsible for ensuring that all client relationships and their accounts comply with internal policies & procedures, regulatory requirements and industry standards. This role involves conducting thorough reviews of client CDD profile and transactions, identifying potential risks and implementing necessary corrective actions.Key Responsibilities: -
  • Client Due Diligence: Conduct comprehensive reviews of client profiles, ensuring that all required information and corroborative evidence is collected, verified and up-to-date.
  • Transaction Monitoring: Analyze and review client transactions during the review process to identify unusual or suspicious activities, escalating issues and conduct investigation as necessary.
  • Regulatory Compliance: Stay informed about relevant laws, regulations and industry practice (e.g. AML, KYC, Sanctions and Tax related area) and ensure the bank’s practices align with these requirements.
  • Risk Assessment: Assess potential risks associated with client relationships/ accounts and suggest appropriate mitigation strategies.
  • Collaboration: Work closely with various departments and stakeholders (locally and overseas) to address FCC related issues and provide guidance/ advice; assist Head Office to ensure the Hong Kong business is in compliance with the standard required by the Hong Kong Monetary Authority and the Monetary Authority of Singapore
  • Reporting: Support ad-hoc MI reporting and prepare detailed reports on client reviews, compliance findings, and trends for senior management and regulatory bodies.
  • Training: Assist in the development and delivery of training programs for staff on compliance policies and procedures.
  • Policy Development: Contribute to the development and enhance of compliance policies and procedures to ensure the regulatory expectations and industry standards are met.
Work Experience and Requirements
  • Minimum 3 years of experience in compliance, risk management or a related field, preferably within a private banking context
  • Strong understanding and knowledge of banking regulations, AML rules, compliance frameworks, and risk assessment and methodologies
  • Strong analytical, problem solving and research skills
  • Proficient in English and Chinese (both Mandarin and Cantonese)
  • Excellent communications skills, both verbal and written
  • Have both teamwork and individual contributor skills
  • Able to work under a stress and multi-cultural environment

OCBC Bank