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 Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Job Responsibilities

The successful candidate will be part of the Group Wholesale Banking ("GWB") Business Risk and Control Management (BRCM) team and the key responsibilities are as follows:

• Execute and provide inputs to the AML Assurance Head to conduct review and testing on AML Controls to identify systemic issues and recommend / implement corrective & preventive actions
• Review, interpret and socialize findings to Senior Management including formulation of initiatives to improve efficiency and effectiveness of AML assurance
• Provides expert knowledge on assessing the effectiveness of financial crime controls
• Develop and execute a robust AML assurance review planning, detailed testing steps and rating methodologies for each review, including the use of Data Analytics tools
• Conduct detailed reviews, findings interpretation and recommend follow up actions.
• Ensure remediation plans are designed and executed in response to review findings.
• Provides effective challenge through these engagements, efficiency as well as maintain documentation
• Liaise with internal stakeholders and conducts research to identify priority areas for review based on control criticality, emerging risks and regulatory focus

• Co-develop data analytics with programmers to identify and analyze AML/CFT risks
• Utilize data analytics to identify and analyze potential red flags in customer profiles and transactional patterns
• Leverage on data analytics to support overall AML strategies to meet regulatory expectations
• Work with multiple internal stakeholders to obtain data and deliver outcomes
• Work with Group Compliance assurance owners and Internal Audit to ensure that activities are coordinated in order to avoid duplication and improve the overall effectiveness
• Able to articulate and present to senior internal and external stakeholders including regulators and external audit

Job Requirements

• Degree in Banking, Finance or Accounting with additional professional qualifications in Accounting, Internal Audit or Operational Risk Management

• Certification in programming, data management and data analytics is preferred
• Has minimum 8 years of relevant work experience preferably in audit, regulatory compliance/Line 1 Risk and Control role and/or conducting due diligence checks in corporate banking/wholesale banking of a full-service bank
• Proven and relevant experience in external or internal audit in operations of a financial services institution is required
• Excellent knowledge of anti-financial crimes, MAS Notice 626 regulations, AML typologies, risk assessment, processes and controls
• Self-driven and a team player with strong interpersonal and communication skills
• Team and stakeholder management experience
• Resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills
• Knowledge of local financial crime regulatory framework of South East Asia region and data analytics would be a clear advantage. Having an accounting, compliance or audit certification is preferred
• Team player and able to perform well in a fast-paced environment
• Technically competent and hands-on yet able to demonstrate strong ownership to achieve team objectives
• Possess creativity and self-motivation to find solutions in an ever-evolving regulatory environment.
• Excellent communication (written, verbal) and interpersonal skills to positively influence people to make the appropriate decisions and resolve conflicts effectively
• Process-oriented and possesses a strategic mindset with the ability to have a holistic view
• Experience in non-AML assurance will be an added 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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