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

Job Responsibilities



You will be part of the BRCM-AML Customer Review Unit working closely with the Bank's Personal Financial Services (Group Retail).

The Customer Review Unit plays a key role to ensure customers' profile and account activities are consistent with regulatory and compliance requirements and the Bank's AML business risk appetite. The Customer Review Unit also provides guidance and partners customer facing teams to identify and mitigate potential AML/CFT risks.

You will keep abreast of regulatory developments in the prevention of money laundering and terrorist financing activities and assess its impact on Group Retail. You will perform holistic reviews and risk assessment on customers' relationships as well as provide interpretation, advisory and recommendations to Business Units on the implementation or enhancement of AML/CFT-related practices and risk mitigating measures.

Responsibilities

Conduct comprehensive post-STR reviews and holistic risk assessment on customers' relationships and their related parties, including but not limited to customers' KYC profiles and transactional patterns

Make recommendations on account strategy and liaise with various stakeholders for follow-up actions to ensure satisfactory case resolutions

Identify key risk areas and work with relationship managers to ensure suspicious activities are adequately addressed with supporting documentation and institute effective risk mitigating measures

Provide guidance to Business Units to ensure consistent interpretation and implementation of AML/CFT standards in the review of customer relationships

Undertake investigations into suspected ML/TF activities

Review and manage escalations to Group Compliance, Senior Management and Group AML Committee, when required

Manage full suite of customer reviews to ensure timeliness in case closures

Provide advisory to Business Units for customer on-boarding and retention of customer relationships

Keep abreast and assess impact of evolving AML/CFT requirements and typologies and assist Business Units to develop procedures, processes and internal controls in order to manage risks and strengthen the first line of defence

Support Business Units in ensuring adherence to Group AML/CFT and Sanctions policies, guidelines and directives

Perform UAT on new/enhanced features and suggest improvements for the relevant AML systems or processes

Conduct Compliance Training to raise staff awareness on AML/CFT controls, trends and typologies

Job Requirements

Job Requirements

Degree in Banking, Business or Finance related fields

Minimum 5 years of relevant work experience, preferably in AML/CFT compliance function within a financial institution

Strong working knowledge/understanding of AML/CFT regulations and standards, KYC due diligence on individuals, local and cross-border ML/TF typologies, risk mitigation controls and compliance best practices

Proficiency in research and dealing with large volume of financial/transaction data

Possess good analytical and problem-solving skills with an eye for details

Team player with strong interpersonal and communication skills

Proficient in Microsoft office suite of applications

Professional AML-related qualifications such as ACAMS certification is preferred

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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