Job Description

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 \xe2\x80\x93 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 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 develop trusted partnerships by focusing on our clients\xe2\x80\x99 long-term interests and by helping them 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\xe2\x80\x99s potential for our clients. The role will be with the Group Wholesale Banking, Client Fulfilment Services Investigations Team.

Job Responsibilities

The selected candidate will be assigned to the AML Investigations Team (\xe2\x80\x9cthe Team\xe2\x80\x9d) whereby its key responsibility is to conduct investigation / reviews on customers\xe2\x80\x99 profiles and transactions in relation to financial crime risks. This includes detecting anomalous transactions and providing recommendations on appropriate account strategies to mitigate the AML/CFT risks which have been identified. At times, the Team may also provide advisory support and guidance to the Business Units (\xe2\x80\x9cBUs\xe2\x80\x9d) in compliance with the Bank\xe2\x80\x99s AML/CFT Procedures and other legislative requirements.


The role entails:- Performing account / transaction reviews upon financial crime trigger events, which may include MAS enquiries, Group Compliance (\xe2\x80\x9cGC\xe2\x80\x9d) triggered reviews, account closures notifications by other Business Segments, filing of STRs, adverse news, fraud, Sanctions, Greylist reviews, etc;

• Reaching out to Relationship Managers (\xe2\x80\x9cRMs\xe2\x80\x9d)/BUs to obtain clarification and supporting documents to corroborate the sampled transactions;
• Providing recommendations on appropriate account strategies (retain / exit / file UAR / impose Hold Codes, etc) to mitigate identified AML/CFT concerns;
• Crafting detailed investigation memos to capture the findings and recommendations upon completion of the reviews;
• Assisting BUs to respond to various enquiries, which may originate from the local authorities or from correspondent banks, over clients which may pose AML/CFT concerns;
• Maintaining registers and trackers to track the performance of the team;
• Providing regular statistics and presentations for updating to Senior Management;
• Participating in ad-hoc assignments and projects, eg. audit, User Acceptance Testing etc when required;
• Providing advisory support to the BUs in AML/CFT-related matters.

Job Requirements

The ideal candidate should possess the following qualities:

• Prior working experience in investigations, either within the Banking Industry or in law enforcement;
• Emotionally mature and able to communicate maturely and independently with various stakeholders within the Bank;
• Comfortable with handling data, and able to perform functions on Excel, such as Vlookup, Pivoting and generating various graphs / charts, etc;
• Attentive to details with a strong sense of responsibility in performing investigations and submitting reports on a timely basis;
• Good command of both written and spoken English. The ability to speak / read additional languages is an advantage.

Be a part of 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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