Vice President 1, GWB AFC FIG

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

About the department

UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.
 
As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.

UOB Group Wholesale Banking helps companies and institutions optimize their business operations and cash flow, manage risks, expand into new markets, and manage their capital needs by providing tailored financial solutions, services, and sector insights.

We help develop trusted relationships and partnerships by focusing on our clients’ long-term interests and helping them to meet their strategic objectives. Our unique combination of local, in-country presence and expertise, astute Asian market insights and regional network connectivity enables us to help unlock Asia’s potential for our clients.

Job Description

This role requires the incumbent to manage and oversee KYC and CDD requirements in customer’s onboarding and periodic reviews with a key focus on ensuring compliance on regulatory requirements, to address AML / CFT & Sanctions concerns. Customer segments within Group Wholesale Banking includes customers that are classified as non-individuals. 

In this role, the primary responsibilities of the incumbent are: 

• Support the Team Manager in undertaking joint ownership, accountability, and execution in overall AML CDD strategic program for the customer segments within Group Wholesale Banking 
• Consistently review & work with key stakeholders to enhance work processes to achieve operations efficiency while ensuring consistent interpretation and implementation of Group Compliance AML/CFT policies and framework. 
• Revise and update local SOP and workflow processes for operational efficiency and effectiveness. 
• Conduct AFC related trainings to the team. 
• Escalate and highlight potential concerns / risks and proactively share best risk management practices. 
• Ensure agreed SLAs supported by the teams are met. 
• Responsible for checking and signing off complex and high-risk customers due diligence profiles for all jurisdictions. 
• Work with Group AFC Ops function to manage queries during External / Internal Audit, Group Compliance and Regulatory Audit for favourable review outcomes. 
• Support and work with the KYC teams performing CDD fulfillment to meet with Bank and Regulatory requirements pertaining towards customer’s life cycle with the Bank. 
• Focus on procedures and processes to enable the KYC teams to achieve monthly satisfactory score for Key Operational Risk Indicator (KORI) metrics. 
• Provide oversight and steer to ensure alignment of bank’s management responsibility and principles for effective risk and controls and connectivity across the teams and with Group AFC Ops 
• Support Group AFC Ops in FACTCA and CRS reporting matters. 

Job Requirements

* **Education:** Bachelor's degree in Business Administration, Finance, Law, Economics, or a related field. Professional certifications such such as ACAMS, ICA, or equivalent are highly desirable.
* **Experience:** Minimum of 10 years of progressive experience in Anti-Financial Crime (AFC), Compliance, or Risk Management roles within the financial services industry, with a strong focus on Know Your Customer (KYC) for Financial Institutions (FIG) or Wholesale banking.
* **Technical Knowledge:** In-depth understanding of global AML/CFT regulations (e.g., FATF Recommendations, MAS, BNM, HKMA, etc.), sanctions regimes, and industry best practices for KYC/CDD/EDD, particularly as applied to complex FIG structures.
* **Analytical Skills:** Proven ability to analyze complex financial information, legal documents, and business structures to identify and mitigate financial crime risks. Strong attention to detail.
* **Communication Skills:** Excellent written and verbal communication skills, with the ability to articulate complex compliance concepts clearly and concisely to diverse audiences, including senior management and external stakeholders.
* **Interpersonal Skills:** Strong interpersonal skills with the ability to build and maintain effective working relationships across different business units and functions.
* **Problem-Solving:** Proactive and solutions-oriented approach to identifying and resolving compliance challenges.
* **Software Proficiency:** Proficient in Microsoft Office Suite (Word, Excel, PowerPoint). Familiarity with KYC/AML screening tools and platforms is an advantage.
* **Leadership/Mentorship:** Demonstrated ability to work independently and as part of a team, potentially mentoring junior colleagues.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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