AVP, AML Governance & Training- Group Consumer Financial Services Risk & Prevention

  • Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 22 Aug 17

AVP, AML Governance & Training- Group Consumer Financial Services Risk & Prevention

Roles & Responsibilities:

  •  Subject matter expert on AML on consumer banking business
  •  Keep abreast of all developments on AML and collaborate with the relevant stakeholders to adopt best industry practices.
  •  Work with Group Regulatory Compliance Unit (RCU) to establish/ re-define the AML policies and processes to ensure that these are robust to manage the AML risks.
  •  Supervise a team of staff to:
    • Develop annual AML Compliance Inspection Plan for GCFS SG and ensure effective execution by team members.
    • Conduct regular training for GCFS SG staff to raise their level of awareness of AML risks and their understanding on how these risks are managed.
    • Update department's Product Library where appropriate.
    • Complete AML related management reports within specific timeline.
  • Co-ordinate AML/CFT related internal/external audits for GCFS SG
  •  Provide advisory support to business units where required.
  •  Lead/ participate actively in AML projects (at Group and business unit levels) to strengthen the AML processes to stay ahead of AML risks.
  •  Work closely with RCU and BUs to ensure all issues highlighted by Regulator and internal/ external auditors are closed in a complete, timely and effective manner



  • Degree with minimum 5 years of broad based AML/CFT experience (i.e. transaction monitoring, screening & sanctions, KYC,). Knowledge of regulations governing the consumer banking business, and consumer banking products.
  • Good understanding of regulatory requirements relating to money laundering and terrorism financing
  • Good leadership & interpersonal skills
  • Able to analyse issues independently
  • Strong written and oral communication skills and ability to interact effectively with people at different levels
  • Experience in auditing and risk management is an added advantage