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 — 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

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Job Responsibilities

To ensure timely review of alerts from: (i) Group approved AML transaction monitoring system(s); (ii)escalations on unusual AML/CFT activities from business/support units; and (iii) cases arising from otherrelevant sources (e.g. adverse news reported in media).
To ensure timely submission of suspicious transaction/activity reports to the relevant law enforcementauthorities or Financial Intelligence Units as required by the AML/CFT legislative and regulatoryrequirements.
To support the team lead of Transaction Surveillance Unit to continuously strengthen and develop thetransaction surveillance and investigation framework within the UOB group.
To identify and provide relevant and emerging AML/CFT risk issues from the analysis of suspicioustransaction/activity reports submitted

Job Requirements

Ensure the review of the alerts triggered by - (i) Group approved AML transaction monitoring system(s), (ii)escalations on unusual AML/CFT activities from business/support units and (iii) cases arising from otherrelevant sources (e.g. adverse news reported in media), are performed in accordance with Groupstandards.
Prepare and submit suspicious transaction/activity reports to the relevant local law enforcement authoritiesor Financial Intelligence Units in accordance with AML/CFT legislative and regulatory requirements as wellas Group standards.
Provide relevant advisory to business/support units and other AML/CFT teams on matters relating totransaction monitoring review and investigation conducted by the unit.
Perform analysis of suspicious transaction/activity reports to identify AML/CFT risk trends to support theAML/CFT risk management and controls within the Group.
Maintain proper documentation and record keeping of review and investigation cases performed inaccordance with Group standards.
Provide support to strengthen the transaction surveillance and investigation operating framework andprocedures across the Group.

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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