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
You will be part of the Anti-Financial Crime team within Group Retail that covers a range of banking segments and products. As we continually build on our foundation of strong governance and control, you will be charged with ensuring that the governance and controls framework is applied and tested for assurance, in addition to creating additional risk awareness, an ethical culture and professionalism within our workforce.
You are a competent subject matter expert in the area of anti-money laundering, countering the financing of terrorism, sanctions and fraud. As a seasoned practitioner, you are at the forefront of regulatory developments in these areas where you will be able to design and conceptualise dashboards and key risk indicators to provide impact analysis, interpretation, advisory and recommendations to Business Units for the implementation of AML related policies and practices. You will suggest recommendations to sharpen our risk awareness and provide solutioning on how to manage any emerging areas for improvement / risks / trends.
You are a team player and able to effectively collaborate with the business to build an efficient environment for Compliance and Audit to effectively operationalize their requirements. You can enhance the design of the existing framework to provide an effective testing framework to provide assurance to the senior management on the effective controls. Additionally, the senior management will look to you to translate key risk indicators for the effective management.
Proficient in the Group AML/CFT policies and regulatory requirement
Plan and execute the operationalization of any policy change
Review and ensure AML control effectiveness in various business functions
Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer on-boarding and retention of customer relationships
Identify and propose to business units on areas of improvement to manage AML/CFT risks
Review new business initiatives for compliance to AML/CFT governance requirements
Conduct investigation into suspected ML/TF activities
Review audit findings from internal & external reviews to assess adequacy of controls and facilitate formulation of corrective actions.
Participate in strategic AML projects and initiatives to advise on AML controls
Facilitate the gathering and provision of data/information to Management oversight
Plan and conduct Compliance Training to raise staff awareness on AML/CFT controls, trends and typologies
Prepare regular management reports to raise senior management awareness on the risk areas and exposure
Timely turnaround on regulatory RFIs and initiatives
Secretariat for AML governance forums
• Bachelor’s Degree in Business Management or related fields
• Working knowledge of MAS 626 Regulations and Guidelines
• Relevant 10 or more years of experience in AML/CFT/Sanctions or relevant Audit or Regulatory experience
• ACAMs certification and prior experience in AML system and process design is preferred
• Resourceful, meticulous, analytical with strong interpersonal and communication skills
• Proficient in Microsoft office suite of applications
• Use of analytical tools such as Power BI, Qilkview is an advantage
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.
Apply now and make a Difference
Top Skills
What We Do
We’re here to do Right By You. At UOB, we aspire to build a better future for the people and businesses in the region. Through our extensive network and suite of capabilities, we offer financial solutions to the people and businesses within, and connecting with ASEAN. We create solutions tailored to your unique needs through data and relationship-led insights. Our comprehensive regional network and one-bank approach connects your business to new opportunities in ASEAN. We help businesses to advance responsibly and guide personal wealth to grow sustainably. We foster inclusiveness and environmental well-being for stronger societies. This is how we stay committed to forging a sustainable future for generations to come. Note: For the terms of use of our LinkedIn channel, please visit: https://go.uob.com/socialmedia
