Company: 1011 United Overseas Bank Ltd

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.

Job Description

Anti-Money Laundering - Policy and Advisory is responsible for assisting clients with anti-money laundering / Bank Secrecy Act issues, helping them to understand their risk factors, and providing advice on the implementation of detection and compliance programs. Specializes in developing, implementing, and overseeing anti-money laundering (AML)-related policies and procedures, assuring compliance with domestic and international regulations, guiding the firm on AML obligations, and analysis of new AML laws, rules, and regulations.

The Compliance, AML, & Control function is responsible for ensuring that all activities comply with regulatory requirements, including financial crime, anti-money laundering, anti-bribery and corruption, data privacy, and sanctions.

The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Reporting to the Head, AML/CFT, Sanctions Policy, Advisory & Training, the Individual will serve as the AML/CFT Private Banking and Wealth Management Lead to work with numerous stakeholders across the AFC/Group Compliance and Business functions.
• Provide leadership, guidance in supporting the Bank's Private Banking and Wealth Management business growth agenda within the team.
• As the subject matter expert, this individual will be expected to partner closely with our Group Retail PB businesses, in providing advice/collaborating with Business and Business Risk & Control Management in the development and review of risk proportionate AML controls, processes and procedures; while supporting business growth strategy.
• Conduct review of escalated cases (due to STRs, trigger events, ad hoc requests etc) and provide guidance/steers in regard to complex cases.
• Needs to have pragmatic and risk-sensing capability while being a good communicator.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk-based approach.
• Partner closely with the other GC functions, in ensuring group wide consistency approach in adoption of regulatory and internal requirements are adhered to.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitors development on related AML/CFT laws, regulations and risk trends.
• Handles request from MAS, assurance, internal and external audits, as required.
• Drive, provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Head, AML/CFT, Sanctions Policy, Advisory & Training from time to time.

Job Requirements

The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 15 years of relevant work experience preferably in AML/CFT compliance advisory function with focus on Private Bank, Wealth Management will be a minimum must have.
• Excellent research skill including experience with online research tools and databases.
• Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
• A team player, possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.
• Having a professional AML-related certification.

Additional Requirements

Be a Part of the 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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