Team Head, Compliance Client On-boarding (Director)

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

Team Head, Compliance Client On-boarding (Director)

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.
Start your career with Bank of Singapore as a Team Head, Compliance Client On-boarding! !

Description

The incumbent is expected to lead and manage a team of on-boarding specialists with respect to client on-boarding activities in Compliance department.
Primary Responsibilities include:

  • Ensure timely, accurate CDD reviews and risk assessment of new accounts, screening of counterparties, tracking, escalation and resolution of CDD deferrals, account slated for exit.
  • Identify gaps and implement on-boarding controls and systems/process enhancement that are fit for purpose and will address current and future requirements in a rapidly changing regulatory environment and an evolving AML landscape, in line with industry best practices.
  • Assist Head of AML and Head of AML Advisory & Investigation in the discharge of their duties as required from time to time.
  • Manage audit/ regulatory inspections and ensure timely closure of audit issues and regulatory findings.
  • Timely escalation of issues (relating to on-boarding) to Head of AML and Head of AML Advisory & Investigation.
  • Facilitate the development of bank-wide culture of Compliance - promote ownership of front office as first line of defence through training and proactive engagement.
  • Deliver on the internal customer experience while maintaining the highest standards of CDD/KYC.
  • Deliver on the People Agenda - strengthen the bench strength, retain talents, optimize allocation of resources

Requirements
  • 8 or more years of client on-boarding experience in a Private Bank, with at least 2-3 years in a supervisory role

Reporting to
  • Head of AML (Advisory & Investigation)


Qualifications
  • Minimum degree holder from a reputable university. Professional qualifications such as CAMS, ICA Diploma in AML are preferred.