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VP, Anti-Money Laundering / Counter-Financing of Terrorism Transaction Monitoring

United Overseas Bank Singapore
Posted 12 days ago Permanent Competitive
VP, Anti-Money Laundering / Counter-Financing of Terrorism Transaction Monitoring
VP, Anti-Money Laundering / Counter-Financing of Terrorism Transaction Monitoring

Posting Date: 1 Jun 2024

Location:
Singapore (City Area), Singapore, SG, 048624

Company: 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.

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
  • Responsible for AML/CFT Transaction Monitoring System to support transaction monitoring for Singapore and overseas locations
  • Strategize the implementation of Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) and Financial Crime solutions across the Group together with Group IT, AML/CFT Advisory, business stakeholders and external vendors to optimize risk management effectiveness and to address Bank's regulatory and operational requirements
  • As Subject Matter Expert in AML/CFT Transaction Monitoring solutions and other systems solutions in managing regulatory requests or queries and audit related matters on systems
  • Prioritize Change Requests enhancements and drive Change Management process in enhancing transaction monitoring system capabilities and meeting regulatory and risk management objectives, and operational effectiveness
  • Responsible for end-to-end project management of enhancements from pre-project initiation, development and testing, implementation to post implementation-system issues escalation and resolutions as applicable
  • Provide over-sight on systems thresholds & parameters review with key stakeholders to ensure thresholds remain fit for purpose
  • Provide systems related guidance on production queries, regulatory /internal / external audit queries to Singapore and Overseas Compliance counterparts
  • Provide training for overseas Compliance counterparts on transaction monitoring solutions
  • Work with the team to deploy AI and Analytics to improve process effectiveness, and Robotic Process Automation (RPA) for automate to improve operational efficiency
  • Collaborate with technology team to lead the transformation of TM system/ platform to be future ready via adoption of AI/ML capabilities
Job Requirements
  • Degree or higher professional qualification in banking/financial or Computer Science or Business Information Systems or equivalent
  • Possess minimum 8-10 years of relevant work experience in team lead role and project management role
  • Good knowledge/understanding of AML/CFT regulations, best practices and financial products and AML systems and Financial Crime
  • Keep abreast of new emerging industry trends and technologies in the field of AML/CFT, Financial Crime, AI, Analytics and Automation.
  • Possess proven track records in project management, ability to multi-task and execute deliverables within tight timelines
  • Ability to work effectively under pressure in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team
  • Possess knowledge in deploying data analytics or data visualization or automation during work
  • Possess strong communication, presentation, and interpersonal skills
  • Possess good analytical skills and the ability to think out-of-the-box to problem solve
  • Self-driven, meticulous, and able to operate expeditiously
  • Proficient in Microsoft office suite of applications (especially Excel and PowerPoint), knowledge on data science, with practical knowledge of data wrangling and machine learning is preferable
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

1. Strategise
2. Engage
3. Execute
4. Develop
5. Skills
6. Experience

Job ID  1050373866
ABOUT COMPANY
Singapore
24500 Employees Retail Banking
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 territori...
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