Compliance Team [Dubai, DIFC]: Compliance Officer (Associate / Senior Associate)

  • Competitive
  • Singapore
  • Permanent, Full time
  • Bank of Singapore
  • 26 Apr 17

Compliance Team [Dubai, DIFC]: Compliance Officer (Associate / Senior Associate)

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!

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Overall Functions
This position is responsible for onboarding of new clients. The successful candidate is expected to be knowledgeable in AML principles to be able to analyse situations to identify gaps and risks in KYC information and documentation, and to be able to work well within a team and yet take initiative and ownership over his/her own area of work.

Main Duties:

  • Review and approval of KYC information and documentation for onboarding of new clients in an efficient and timely manner
  • Liaise with relationship managers / business managers for deficiencies of KYC information and documentation for onboarding
  • Assist in implementation of new measures and procedures
  • Collation of statistics
  • To assist on ad-hoc tasks assigned

  • At least 3 to 6 years' experience in AML and client onboarding in a private banking environment with minimum 2-3 years in the DIFC environment
  • Knowledgeable and sensitive to the risks involved in onboarding various types of private banking clients, including complex structures like trusts, foundations, and private investment companies
  • Experience in investigating suspicious transactions would be beneficial
  • Familiar with excel and preparation of statistics for reporting
  • Strong analytical and report writing skills
  • Strong interpersonal and communication skills
  • Candidate must be a meticulous, willing to learn and team player individual.

Reporting To
  • Head of Compliance, Dubai

  • University degree
  • Candidates with related AML Qualifications such as ICT Diploma in AML and/or ACAMS will have an added advantage.