Assistant AVP, Anti Money Laundering (AML) Assurance, Group COO Retail

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. Our history spans more than 80 years, guided by our values – Honorable, Enterprising, United and Committed.

The Retail function provides Personal and Business Banking customers with financial solutions tailored to their needs, helping them manage their money wisely and meet their financial goals through an extensive range of products and services.

Personal Financial Services

We design and provide products and services that empower our customers to enjoy greater banking convenience while promoting healthy saving and investment practices.

The COO Office has Business Risk & Control teams across various risk types, acting as a safeguard for the business.

You will be part of the Anti-Financial Crime team within Group Retail, ensuring that the governance and controls framework is applied and tested for assurance, while creating additional risk awareness and an ethical culture within our workforce.

You are a competent subject matter expert in anti-money laundering, countering the financing of terrorism, sanctions, and fraud. As a seasoned practitioner, you will design and conceptualize dashboards and key risk indicators to provide impact analysis, advisory, and recommendations to Business Units for the implementation of AML-related policies and practices.

You are a team player, able to effectively collaborate with the business to build an efficient environment for Compliance and Audit. You will enhance the design of the existing framework to provide effective assurance to senior management.

Responsibilities
• Be familiar with the Group AML/CFT procedures and regulatory requirements
• Provide control and quality testing on critical functions and key AML/CFT/Sanctions/Fraud policies, procedures, and guidelines
• Proficient in using Data Analytics in testing
• Continuously design and update test scenarios to keep up with emerging trends
• Execute monthly assurance tests and present results meaningfully to stakeholders
• Translate test results into learning
• Proactively suggest suitable operational advisory to business units
• Identify regulatory risk and assess impact on business segments
• Assist business units to operationalize processes and controls
• Review new business initiatives for compliance
• Conduct investigations into suspected ML/TF activities
• Review audit findings to assess adequacy of controls
• Participate in strategic AML projects and initiatives
• Facilitate the gathering of data/information for Management oversight
• Conduct Compliance Training to raise staff awareness
• Prepare regular management reports on risk areas and exposure

Minimum Requirements
• Bachelor’s Degree in Business Management or related fields
• Working knowledge of MAS 626 Regulations and Guidelines
• 5 or more years of relevant experience in AML/CFT/Sanctions or relevant Audit or Regulatory experience
• ACAMs certification and prior experience in AML system and process design preferred
• Resourceful, meticulous, analytical with strong interpersonal and communication skills
• Proficient in Microsoft Office Suite
• Use of analytical tools such as Power BI, QlikView is an advantage

UOB is an equal opportunity employer. We do not discriminate based on 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 assistance or accommodations in the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.