- Hong Kong Hong Kong
OCBC Bank (Hong Kong) Limited Hiring! Full Time AVP, Sanction in Hong Kong - Ricebowl
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Job Description
Responsibilities
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Since our incorporation, we have been enabling people and communities to realise their aspirations. This is our purpose.
As the second-largest financial services group in Southeast Asia by assets, we hold one of the world’s highest credit ratings: Aa1 by Moody’s and AA- by both Fitch and S&P. Our commitment to excellence has earned us numerous industry accolades, reinforcing our reputation as one of Singapore’s best banks.
With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented by a presence in the leading economies of New York, London and Sydney. As One Group, we support your ambitions across borders with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.
OCBC offers 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.
Great Eastern Holdings, our insurance subsidiary, is the oldest and most established life insurance group in Singapore and Malaysia.
Lion Global Investors, our asset management subsidiary, is one of the leading asset management companies in Southeast Asia.
The Group has over 400 branches and representative offices in 19 countries and regions.
Purpose of the role:
To excel in this role, you'll need to stay up-to-date with evolving sanctions regulations and emerging trends. You'll work collaboratively with stakeholders to implement effective sanctions controls, conduct thorough risk assessments, and provide guidance on compliance matters. Your analytical skills and attention to detail will be essential in identifying potential risks and developing mitigation strategies.
What You Will Be Doing:
Advise business units and support units on Sanctions issues and potential impact of regulatory requirements
Conduct risk assessment on sanctions related hits triggering from name and transactional screening
Conduct sanctions investigations
Provide comments on customer review from sanctions perspective
Maintain the sanction-related internal watchlist
Conduct user acceptance test on system enhancement project
Handle ad-hoc tasks as assigned
What We Are Looking For:
Degree holder preferably in law, finance, accounting or related disciplines
Professional qualification on AML/CFT, e.g AAMLP/ CAMLP, CAMS, CGSS, etc. is an advantage
At least 7 years working experience in AML/ sanctions compliance in banking industry
Familiar with AML regulatory requirements and international sanctions regulations from UN, OFAC, EU, etc.
Strong analytical, presentation and problem-solving skills
Sound knowledge of banking products and operations
Able to work independently and make sound judgement
Proficiency in both written and spoken English
More experience candidate may be considered as VP, Sanction
Full-time
As the second-largest financial services group in Southeast Asia by assets, we hold one of the world’s highest credit ratings: Aa1 by Moody’s and AA- by both Fitch and S&P. Our commitment to excellence has earned us numerous industry accolades, reinforcing our reputation as one of Singapore’s best banks.
With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented by a presence in the leading economies of New York, London and Sydney. As One Group, we support your ambitions across borders with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.
OCBC offers 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.
Great Eastern Holdings, our insurance subsidiary, is the oldest and most established life insurance group in Singapore and Malaysia.
Lion Global Investors, our asset management subsidiary, is one of the leading asset management companies in Southeast Asia.
The Group has over 400 branches and representative offices in 19 countries and regions.
Purpose of the role:
To excel in this role, you'll need to stay up-to-date with evolving sanctions regulations and emerging trends. You'll work collaboratively with stakeholders to implement effective sanctions controls, conduct thorough risk assessments, and provide guidance on compliance matters. Your analytical skills and attention to detail will be essential in identifying potential risks and developing mitigation strategies.
What You Will Be Doing:
Advise business units and support units on Sanctions issues and potential impact of regulatory requirements
Conduct risk assessment on sanctions related hits triggering from name and transactional screening
Conduct sanctions investigations
Provide comments on customer review from sanctions perspective
Maintain the sanction-related internal watchlist
Conduct user acceptance test on system enhancement project
Handle ad-hoc tasks as assigned
What We Are Looking For:
Degree holder preferably in law, finance, accounting or related disciplines
Professional qualification on AML/CFT, e.g AAMLP/ CAMLP, CAMS, CGSS, etc. is an advantage
At least 7 years working experience in AML/ sanctions compliance in banking industry
Familiar with AML regulatory requirements and international sanctions regulations from UN, OFAC, EU, etc.
Strong analytical, presentation and problem-solving skills
Sound knowledge of banking products and operations
Able to work independently and make sound judgement
Proficiency in both written and spoken English
More experience candidate may be considered as VP, Sanction
Full-time
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