VP, Business Risk Control Manager

Reposted One Month Ago
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The Ara Bangsar, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, MYS
In-Office
Senior level
Financial Services
The Role
Lead and manage non-financial risks like AML and Fraud in Wholesale Banking, ensuring risk identification and control implementation. Provide advisory on financial crime risk and enhance governance processes across business units.
Summary Generated by Built In

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

To lead and manage the non-financial risk agenda, primarily Anti-Money Laundering (AML), Sanctions, and Fraud for Wholesale Banking, while also supporting the broader non-financial risk framework including conduct, operational risk, regulatory compliance, and third-party risk. This role serves as a subject matter expert in financial crime risk and contributes to the overall risk governance by working closely with business units, Compliance, Risk, Operations, and other stakeholders to ensure effective risk identification, mitigation, and control implementation.

Job Responsibilities

  • Act as the Financial Crime risk SME within Wholesale Banking BRCM, advising on AML, Sanctions, Fraud typologies, and emerging threats.

  • Maintain oversight of Wholesale Banking’s exposure to financial crime risk by liaising with relevant stakeholders such as Anti Financial Crime (AFC) & Fraud Operations, Country Compliance and other Business Units (BU), Support Units (SU).

  • Promote a strong risk culture by encouraging self-identification of control deficiencies, proposing effective mitigation strategies, and tracking timely completion of corrective actions.

  • Collaborate with BU/SU and Country Compliance to interpret new or updated financial crime regulations and translate framework/policy requirements into actionable business processes and controls.

  • Design and execute assurance testing programmes to assess the effectiveness of key controls across financial crime and other non-financial risk domains to identify control gaps and weakness.

  • Lead thematic reviews and risk assessments related to financial crime and other risk areas, and support remediation planning and implementation.

  • Engage stakeholders to identify and implement analytics that enhance financial crime risk management, including working with Data Analytics teams on AML and fraud-related initiatives.

  • Provide consultative advisory to BU/SU on financial crime matters (and other risk areas), supporting the design and enhancement of controls, monitoring mechanisms, and governance processes.

  • Review and validate financial crime-related SOPs, process manuals, and control documentation to ensure alignment with regulatory requirements and Group-wide policies.

  • Implement change, transformative or automation programmes from group or local in regard to risk and control optimization / streamlining.

  • Support incident management and root cause analysis for financial crime and other non-financial risk events, ensuring lessons learned are embedded into business practices.

  • Contribute to broader non-financial risk initiatives including conduct risk, operational risk, regulatory compliance, and third-party risk, ensuring alignment with Group frameworks and local regulatory expectations.

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

Skills Required

  • Experience in financial crime risk management
  • Strong knowledge of AML and Fraud regulations
  • Experience in risk assessment and governance
  • Ability to engage stakeholders for risk management
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The Company
HQ: Singapore
25,000 Employees
Year Founded: 1935

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

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