AML Analyst

About Us

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. By taking the time to truly understand people, we provide support, services, solutions, and career paths that meet their needs and desires.

Today, we’re on a journey of transformation, leveraging technology and creativity to become a future-ready learning organization. Our strategic ambition is to be Asia’s leading financial services partner for a sustainable future.

We invite you to build the bank of the future—innovate the way we deliver financial services, work in friendly, supportive teams, build lasting value in your community, help people grow their assets, business, and investments, and pursue a vibrant, future-ready career. Your opportunity starts here.

Your Opportunity

CARM is an operational risk management team under OCBC Consumer Financial Services (CFS) Singapore. The team partners with the CFS Business Risk Management Team (BRMT) and the CFS AML & Sanctions Advisory Team to manage CFS AML risk in a fast-paced environment, with opportunities in proactive AML risk management for aspiring AML professionals.

Key Responsibilities

• Analyzing new and existing customers’ profiles and transactions for sanctions, money laundering (ML), and terrorism financing (TF) risks.
• Providing risk assessments of customers’ profiles and transactions, highlighting key risk areas for attention.
• Recommending effective risk-mitigating strategies for senior management consideration.
• Implementing approved risk-mitigating strategies with thorough and consistent execution.

Key Learnings & Duties

Key learnings and duties include one or more of the following AML/CFT control and risk mitigation activities:

• Processing of escalated name screening alerts and/or transaction activity alerts.
• Processing priority requests from compliance or local authorities.
• Reviewing and/or filing internal Suspicious Transaction Reports (UTR) to assess whether further escalation to Group Regulatory Compliance Unit for STR filing is required.
• Conducting Standard or Enhanced Customer Due Diligence reviews.
• Managing requests for information and documents from customers and internal stakeholders.
• Exiting and closing banking relationships with customers.
• Tracking activity progress through MIS updates and reporting.
• Providing AML advisory support to internal stakeholders where required.
• Participating in on-demand risk management projects and activities, including optimization, RPA, and AI RegTech initiatives.

Academic Requirement

Diploma or degree holders aspiring to develop a career in AML risk management.

Experience

Added advantage for individuals with:

• Minimum 2 years of sanctions/AML/CFT operational experience, and/or
• Certification in Sanctions / AML / CFT.

Technical Skills

Technical knowledge and understanding of Singapore’s regulatory requirements relating to sanctions, money laundering, and terrorism financing.

Personal Traits

• Passionate about developing a career in AML risk management.
• Independent self-starter with a strong positive mindset and self-motivation.
• Meticulous, committed, and focused.
• Inquisitive with the ability to raise critical challenges to augment current processes.
• Strong analytical and problem-solving abilities.
• Sound risk acumen.
• Ability to influence and collaborate with stakeholders and team members;
• Good written and oral communication skills for effective interaction at various levels.
• Forward-looking and embraces technology to drive efficient and effective AML risk management.

What We Offer

• Competitive base salary.
• A suite of holistic, flexible benefits to suit every lifestyle.
• Community initiatives.
• Industry-leading learning and professional development opportunities.
• Equal opportunity and fair employment.
• Your wellbeing, growth, and aspirations are cared for as much as the needs of our customers.