Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Business Compliance Officer, Global Financial Institutions – AML
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
The role supports AML compliance for OCBC’s Global Financial Institutions business. Responsibilities typically include reviewing customer and counterparty risks, conducting enhanced due diligence, assessing transaction and relationship risks, monitoring compliance with AML/CFT regulations, advising business teams, escalating suspicious activity, and maintaining accurate compliance records. Candidates are expected to have relevant experience in AML, sanctions, KYC, financial crime compliance, or correspondent banking, preferably within a bank or financial institution. Strong knowledge of Singapore regulations and international AML standards, analytical ability, sound judgment, attention to detail, and confident communication with senior stakeholders are important. Professional qualifications such as ACAMS may be advantageous.
Can I work in Singapore?
Never pay anyone for a visa or a job offer. A real employer pays the permit costs and never asks you for money.
How it works
How it works: Employment Pass: SGD 6,200+ a month in banking at 23, more with age (6,600 from January 2027), plus 40 COMPASS points for pay, degree, nationality mix and local hiring.
Before you apply: Dealing, advising and senior roles usually need a regulator's licence or approval, which checks your honesty, skills and finances. Ask if your job does.
Watch for: You score 0 nationality points when your nationality is 25% or more of the firm's professionals and managers; the job is usually advertised to locals for 14 days first.
Official source: Ministry of Manpower: Employment Pass eligibility. Checked November 2026.
What the job usually comes with in Singapore
Usual for Banking jobs in Singapore, varies by employer. Checked November 2026.
| Housing | Not usual; senior expats may get an allowance; Work Permit staff: employer must ensure proper housing (by law) |
|---|---|
| Relocation | Work Permit staff: employer pays levy, bond and insurance (by law); relocation help is an expat perk |
| Flights | Work Permit staff: flight home paid by the employer (by law); others only if the offer says so |
| Contract | Work Permit up to 2 years; S Pass and Employment Pass up to 2, then 3; notice 1 day to 4 weeks by default |
| Leave | 7 to 14 days (by law; many get more); 11 public holidays; 14 days' sick leave, 60 in hospital |
| Income tax | 0% up to SGD 20,000 a year, then 2% to 24% (about 3% at SGD 60,000); resident rates on a 1-year pass |
| Health cover | Employer must insure Work Permit and S Pass staff, SGD 60,000 a year (by law); Employment Pass: company plan |
Senior staff often get more than line staff, for example a single room or a yearly home flight. Ask the employer what the job includes before you accept.
Guidance, not legal advice. Rules change; your employer confirms the details for your case.
About OCBC Bank
OCBC Bank is a major Singapore-headquartered financial institution and one of Southeast Asia’s largest banking groups. Founded in 1932, it provides consumer, business, corporate, private banking, wealth management, insurance, and capital markets services across Singapore, Malaysia, Indonesia, Greater China, and other international markets. The bank serves individuals, small and medium-sized enterprises, multinational companies, and institutional clients. OCBC is known for its strong regional network, comprehensive financial services, and significant investment in digital banking and technology. Its operations are supported by substantial risk, compliance, technology, and governance functions, reflecting the regulatory demands of a large international bank. Employees generally work in a structured, professional environment with opportunities to build expertise across banking, financial crime prevention, and regional markets.