Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Business Compliance Officer - AML (6 months contract), Global Financial Institutions
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
The Business Compliance Officer will support AML compliance activities for OCBC’s Global Financial Institutions business in Singapore on a six-month contract. Responsibilities are likely to include reviewing customer and transaction information, conducting enhanced due diligence, assessing sanctions and AML risks, monitoring regulatory requirements, supporting investigations, preparing compliance reports, and advising business stakeholders. Candidates should have relevant experience in AML, KYC, sanctions screening, financial crime compliance, or banking operations, along with strong analytical, writing, and communication skills. Familiarity with Singapore regulations and MAS expectations is advantageous. The role requires sound judgment, attention to detail, confidentiality, and the ability to manage deadlines while working effectively with relationship managers and control functions.
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 one of Southeast Asia’s largest financial institutions and Singapore’s longest-established bank. Founded in 1932, it provides consumer, business, corporate, private banking, wealth management, insurance, and investment services across Singapore and international markets. OCBC serves individuals, small and medium-sized enterprises, large corporations, and financial institutions through branches, digital platforms, and regional subsidiaries. The bank has a significant presence in Malaysia, Indonesia, Greater China, and other key markets. Its Global Financial Institutions business works with banks and other financial-sector partners on cross-border payments, correspondent banking, trade finance, and related services. OCBC places strong emphasis on responsible banking, regulatory compliance, risk management, digital transformation, and customer service. Employees typically work in a structured, collaborative environment with opportunities to gain exposure to regional banking operations and evolving financial crime risks.