Job Description

Company: 6255 UOB Innovation Hub 2 Sdn Bhd

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.

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.

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.

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We are seeking an Assistant Vice President (AVP) for Wholesale Anti-Financial Crime (AFC) specializing in Commercial Banking (CMB) Anti-Money Laundering (AML) and Know Your Customer (KYC) at UOB Innovation Hub 2 Sdn Bhd. This role is crucial for ensuring compliance with regulatory requirements and mitigating financial crime risks within our wholesale banking operations, specifically focusing on CMB clients. You will be responsible for overseeing and enhancing AML/KYC processes, policies, and controls for CMB, contributing to the bank's overall financial crime prevention strategy.

Job Responsibilities**

* Lead and manage the development, implementation, and enhancement of AML/KYC policies, procedures, and controls specifically tailored for Commercial Banking clients, aligning with UOB Group standards and local regulatory requirements.
* Oversee the end-to-end KYC lifecycle for CMB clients, including onboarding, periodic reviews, event-driven reviews, and enhanced due diligence (EDD) processes.
* Conduct complex AML investigations, analyze suspicious activity reports (SARs), and make recommendations for reporting to relevant authorities.
* Provide expert advice and guidance to business units on AML/KYC matters related to CMB, including complex client structures, product offerings, and cross-border transactions.
* Collaborate with various stakeholders, including Compliance, Legal, Operations, and Business Units, to ensure effective implementation and adherence to AFC frameworks.
* Develop and deliver comprehensive AML/KYC training programs for CMB staff to enhance their understanding of financial crime risks and their roles in prevention.
* Stay abreast of evolving AML/CFT regulations, industry best practices, and emerging financial crime typologies relevant to wholesale banking and CMB.
* Participate in regulatory examinations and internal audits, providing necessary documentation and explanations related to CMB AML/KYC processes.
* Identify opportunities for process improvements, automation, and technology enhancements to optimize the efficiency and effectiveness of CMB AML/KYC operations.
* Manage and mentor junior team members, fostering a culture of compliance and continuous learning within the AFC function.

Job Qualifications**

* Bachelor's degree in Banking, Finance, Accounting, Law, or a related field. Master's degree or professional certifications (e.g., ACAMS, ICA) are highly desirable.
* Minimum of 8-10 years of experience in Anti-Money Laundering (AML) and Know Your Customer (KYC) within the financial services industry, with a significant focus on wholesale banking, particularly Commercial Banking (CMB).
* In-depth understanding of AML/CFT regulations, sanctions regimes, and financial crime typologies relevant to the wholesale banking sector in Malaysia and across ASEAN.
* Proven experience in managing and implementing robust KYC processes, including enhanced due diligence (EDD) for high-risk clients and complex structures.
* Strong analytical and investigative skills, with the ability to interpret complex data, identify patterns, and draw sound conclusions.
* Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex compliance concepts clearly and effectively to diverse audiences.
* Demonstrated ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment.
* Proficiency in using AML/KYC screening tools, transaction monitoring systems, and other relevant financial crime compliance technologies.
* Strong leadership potential and experience in guiding or mentoring junior team members.
* High level of integrity, ethical conduct, and a strong commitment to compliance.

* Any Other Ad Hoc Tasks

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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