Job Description

Business Divisions
Group Functions
Your role
Are you detail oriented with strong research capability? Do you have a strong sense of when things are not as they seem?
We're looking for an AML due diligence officer to:

• perform onboarding reviews for sensitive and risk clients and report on AML controls of new and existing private banking clients, as well as any other ad-hoc reviews through both manual and electronic means

• provide advice regarding due diligence, KYC standards, internal policies and local regulations

• prepare for and provide follow-up for regulatory inspection and audits

• review and identify changes in AML regulations, assessing potential impact on existing policies/procedures and implementing changes to ensure compliance

• keep on top of regulatory developments in the prevention of money laundering and terrorist financing activities

• carry out AML related investigations and report suspicious transactions to the local authorities

Function Category
Compliance
Join us
At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves.
We're committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always
Contact Details
UBS Business Solutions SA
UBS Recruiting
Your team
You'll be working in the Compliance & Operational Risk Control, Global Wealth Management Due Diligence Office & Politically Exposed Persons APAC (C&ORC GWM DDO & PEP) team in Singapore. We are comprised of both Due Diligence Officers (DDO) onboarding and our Periodic Know Your Client teams. We work as a gatekeeper in preventing money laundering, corruption and the financing of terrorism (AML/CFT). As an AML due diligence officer, you'll play an important role in reviewing and approving new account openings.
Your expertise

• bachelor's/master's degree or equivalent in banking or a related field

• ideally 4 years of previous relevant experience in private banking due diligence, compliance, controls or audit

• previous work pertaining to wealth management onboarding

• sound practical knowledge of the relevant AML/CFT laws and guidelines in Singapore

• adaptable and organized with a positive can-do attitude

• clear and effective communicator, for report-write ups and providing advice

About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
We have a presence in all major financial centers in more than 50 countries.

Skills Required