Job Description

Company: 1011 United Overseas Bank Ltd

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.

Anti-Money Laundering - Policy and Advisory is responsible for assisting clients with anti-money laundering / Bank Secrecy Act issues, helping them to understand their risk factors, and providing advice on the implementation of detection and compliance programs. Specializes in developing, implementing, and overseeing anti-money laundering (AML)-related policies and procedures, assuring compliance with domestic and international regulations, guiding the firm on AML obligations, and analysis of new AML laws, rules, and regulations.

The Compliance, AML, & Control function is responsible for ensuring that all activities comply with regulatory requirements, including financial crime, anti-money laundering, anti-bribery and corruption, data privacy, and sanctions.

The successful candidate will be part of the Group Compliance, AML Advisory (Group Retail) team and the key responsibilities are as follows:

• Support Team Lead, AML Advisory (Group Retail) in delivering and support GC’s compliance agenda / book of work.
• Conduct review of high risk customer (Retail and Private Banking) or escalated cases (due to STRs, trigger events, adhoc requests, etc.) and highlights areas of ML/TF concerns to Business.
• As the subject matter expert, this individual will provide advice/collaborate with Business and Business Risk & Control Management in the development and review of AML controls, processes and procedures to ensure risks are effectively identified and mitigated.
• Reviews and contributes to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk based approach.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitors development on related AML/CFT laws, regulations and risk trends.
• Handles request from MAS, assurance, internal and external audits.
• Provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Team Lead, AML Advisory (Group Retail) from time to time.

Job Requirements

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 8 years of relevant work experience preferably in AML/CFT/Sanction compliance function with focus on private banking/retail banking.
• Excellent research skill including experience with online research tools and databases.
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
• Possesses good analytical and problem-solving skills.
• Having a professional AML-related certification or prior law enforcement experience (in AML) will be an advantage.

Additional Requirements

Develop, Engage, Execute, Strategise

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