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

You will be part of the Business Compliance-Retail / BRCM AML Customer Review Unit working closely with the Bank’s Personal Financial Services. 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.

Job Responsibilities

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.

• 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

•    Bachelor’s Degree in Business Management or related fields •    Working knowledge of MAS 626 Regulations and Guidelines •    Relevant 10 or more years of experience in AML/CFT/Sanctions  •    ACAMs certification and prior experience in AML system and process design is preferred •    Resourceful, meticulous, analytical with strong interpersonal and communication skills  •    Proficient in Microsoft office suite of applications

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.

Apply now and make a difference.

Competencies