WHO WE ARE:

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

Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which 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. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Why join

• For the great opportunity to be part of our Group Compliance Sanctions team which has the responsibility of designing and managing the Sanctions compliance framework to ensure that it remains robust to manage sanctions risks, and for maintaining a strong compliance culture within the Group. This role focuses on overseeing sanctions-related matters for our prestigious private banking portfolio within Bank of Singapore (BOS).
• For the exciting chance to gain extensive knowledge and subject matter expertise in the field of sanctions compliance - this experience can open up opportunities for career advancement and professional growth within the organization or in other financial institutions or organisations.

How you succeed

• Stay updated with international sanctions regulations and guidelines, including those issued by regulatory bodies like the United Nations Security Council, the Monetary Authority of Singapore (MAS), the US’ Office of Foreign Assets Control (OFAC), the European Union and the United Kingdom’s Office of Financial Sanctions Implementation.
• Stay alert to changes in the geopolitical landscape which may have sanctions implications and adapt your compliance strategies accordingly. Be flexible and adaptable to evolving requirements and emerging challenges.

What you do

• Review, maintain and develop sanctions policies, procedures and guidance for BOS, incorporating insights from geopolitical events, sanctions evasion typologies, and emerging risks such as virtual assets.
• Collaborate with internal stakeholders to strengthen sanctions policies and procedures and implement effective controls to ensure compliance with applicable sanctions regimes (UNSCR, MAS, OFAC, EU, OFSI) relevant to BOS’s business and operating environment.
• Actively monitor sanctions developments and requirements; and keep abreast of regulatory expectations and industry best practices.
• Conduct timely impact and gap analysis against regulatory and Group requirements, providing sound recommendations and action plans to address identified gaps.
• Advise business units, FCC teams and other stakeholders on sanctions developments and operationalization of policies, procedures and controls, including complex or higher risk client cases with sanctions risk nexus.
• Provide advisory on client cases with sanctions risk nexus.
• Review and provide advisory on transaction screening hits for payments/ transactions
• Participate in key projects/initiatives within BOS to uplift sanctions controls in partnership with all relevant stakeholders across both first and second lines of defence.
• Maintain a dynamic Sanctions Data Analytics Program within BOS to monitor and mitigate sanctions risks effectively and efficiently
• Prepare training materials and deliver effective training to relevant BOS stakeholders on sanctions policies and procedures and case studies/typologies.
• Prepare presentation materials a