CARM Risk Analyst, Consumer Financial Services

Purpose of the role:

The primary responsibility of this role is to conduct thorough risk assessments, due diligence on customers and adjudication of name screening alerts to ensure compliance with Anti-Money Laundering (AML) regulations and mitigate potential risks. Strong understanding of AML laws and regulations, analytical skills, and the ability to work in a fast-paced and dynamic environment.

Senior / experienced members are expected to take on leadership and mentor responsibilities as Team Leads

What you will be doing:

• Review customer onboarding documentation and to conduct AML/CFT assessment to CFS Personal Accounts under BUs & Branches, and to provide AML/CFT advisory in relation to onboarding KYC issues.

• Conduct surveillance & on-going transaction monitoring on existing CFS Personal customers, as well as any other Ad-hoc Transaction Reviews upon request.

• Conduct periodic CDD and Enhanced Due Diligence (ECDD) Reviews to CFS customers in Branches and BUs (including OCBC Credit).

• Review ECDD of customers conducted by Branches upon Triggering Events and submit to RnP Head approval and to ensure Triggering Event Reviews identified by CMP are approved within predetermined timelines in accordance with Group Policy.

• Assess escalated name screening alerts and trigger required risk mitigating actions per Group Policy or Regulations. 

• Identify, investigate, and report to CMP whenever suspicious transaction (STR) is identified in a timely manner.

• Provide compliance regulatory & policy updates to Business Unit

• To assist in structure and implement risk control strategy and risk mitigation measures to ensure effective AML control

• Support AML / CFT related projects

• Senior / experienced members are expected to take on leadership and mentor responsibilities.

What are we looking for:

• Degree holder in relevant field

• Advantage for holder with ACAMS, internationally recognized certification, diploma from professional body such as International Compliance Association and certification under AAMLP / CAMLP.

• Professional certifications in AML/CFT are an advantage

• Proficient in Microsoft Excel, Word, PowerPoint; Basic data literacy and application of data in data driven risk management

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills

• Ability to work independently and as part of a team

• Knowledge of anti-money laundering regulations and trends