Provide day-to-day legal and compliance advice to business stakeholders across our markets across a wide range of topics including platform products and features, live-streaming and video content, product liability, logistics and cross-border matters.
Ensure that OCBC’s Sanctions Policies and procedures adequately address the multiple jurisdictional sanctions laws and regulations (including UN/MAS/OFAC/EU/UK sanctions).
Perform 2nd level review and analysis to determine any potential AML/CFT concerns and provide approval for escalations of trade transactions, remittances including cheques/ cash to Compliance. Document the risk assessment and the risk mitigations that support the advisory decisions (pre transaction monitoring, escalation from Operationsto Compliance).
Support the implementation and upkeep of the Compliance Manual (currently V2.0): roll-out to staff, policy acknowledgements and attestations, version control and periodic updates.
Review the on-boarding of new high-risk client and the retention of existing client relationships, to ensure compliance with the Bank’s policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate ML/TF/PF risks as well as reputational risk for the Bank.
Business Engagement: Proactively engage with various ISG desks, providing them with regulatory advice, appropriate management information and compliance support with respect to the regulatory aspects of the business they operate. Provide general infrastructural and transactional advice on infrastructure and transactions, addressing the interpretation and implementation of compliance policies, procedures, and applicable rules and regulations. Provide Cross-Border Advice in line with regulatory and cross-border requirements.
Conduct training for data integrity (site wide refresher and NEO training) and review documents related to Data Integrity (Audit trail review, and Data Integrity Risk assessment etc)