Assistant VP, KYC Ongoing Review, Private Bank

Assistant VP, KYC Ongoing Review, Private Bank

Posting Date: 27 Mar 2025

Location: Raffles (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.

About the Department

UOB Private Bank is dedicated to managing the wealth of high-net-worth individuals with investment assets of $5 million and above. We provide tailored products and solutions that draw on the Group’s comprehensive suite of personal, business and investment services.

The Private Bank KYC Client Ongoing Review Team performs various roles in the ongoing due diligence of Private Banking client relationships to ensure consistency with the purpose of a Private Banking relationship, as well as compliance with regulatory requirements.

Job Responsibilities

1. Provide quality review for periodic ongoing reviews (OGRs) in accordance with established UOB AML policies and PB Middle Office procedures.
2. Complete assigned OGRs within established timelines.
3. Perform independent assessments of OGRs previously closed with conditions and decide whether to conclude with unwinding of conditions or to escalate with a well thought through action plan/closure strategy.
4. Provide prompt, concise guidance to stakeholders and handle escalations expeditiously.
5. Proactively identify areas of improvement and suggest viable solutions. Participate in AML-related projects as a content provider or stakeholder.
6. Perform management reporting on key operational risk items.
7. Ensure no repeat review findings by Business Compliance, Group Compliance, Internal or External Auditors.

Job Requirements

1. Bachelor’s degree in Finance & Banking or equivalent fields.
2. 3 to 10 years of hands-on experience in the AML field (client onboarding review or ongoing periodic client review) in a Private Bank, familiar with MAS626 requirements or other international AML/CFT standards.
3. Ability to multitask and manage a high number of priorities in a fast-paced environment.
4. Strong organizational skills with excellent attention to detail.
5. Able to deliver solutions effectively and in a timely manner.
6. Able to apply lateral thinking when analyzing issues or solving problems, with experience in research & analysis of data and documents.
7. Good verbal and written communication skills, hands-on and versatile.
8. Expert in Microsoft Office applications (i.e., Excel, PowerPoint, Word).
9. Team player, self-motivated, and diligent towards attaining goals with effective time management.

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does 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 any assistance or accommodations for the recruitment process, please inform us when you submit your online application.