SVP, Anti-Money Laundering (AML) Operations , Group Retail

SVP, Anti-Money Laundering (AML) Operations, Group Retail

Posting Date: 3 Oct 2024

Location: Raffles (City Area), 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.

About the Department

The Transformation & COO Office is the enabler to achieve the business goals across the 3 business units of Group Retail - Personal Financial Services, Business Banking and Private Banking.

Group Retail has 13 strategic programs that cover customer touchpoints (digital and omnichannel), core product capabilities (cards, wealth, business banking) in addition to data and productivity programs.

Job Responsibilities

Overall responsibility for the AML Operations Function including Periodic Review, Trigger Review, Name Screening and Exit Management. Reporting to Head of Anti-Financial Crime Operations – Group Retail.

Operational effectiveness and control:

1. Continuously reviews existing processes for opportunities to improve effectiveness and efficiency.
2. Oversees operational performance, including cost, business outcomes, and operational & AFC risk.
3. Ensures consistent translation, application and fulfilment of the policies.
4. Improves allocation of resources and realizes synergistic opportunities for the function.
5. Works with other members of the Group Retail Management and respective stakeholders to create an appropriate vision and long term strategy.
6. Defines the technology strategy for AML Operations and works with Group IT on delivering against that strategy.

Leadership and capacity management:

1. Manages the GR-AML Operations, including defining individual roles/responsibilities/goals.
2. Defines and delivers strategy for AML Operations effectively and efficiently.
3. Establishes and leads an effective, high performing team through communication, performance management, and development planning.
4. Monitors capacity and identifies skills/knowledge gaps.

Job Requirements

• Strong experience in driving operational excellence and managing banking operations.
• 10-15 years experience in anti-money laundering and banking operations at a peer institution.
• Strong domain knowledge in AML and Sanctions.
• Strong knowledge of the latest financial crime investigation processes and methods.
• Understanding of MAS current and future expectations.
• Exceptional interpersonal, communication and stakeholder management skills.

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.

Apply now and make a difference.