AVP, Anti Financial Crime Operations (AFCO), Group COO, Retail

AVP, Anti Financial Crime Operations (AFCO), Group COO, Retail

Posting Date: 21 Mar 2025

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. 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

Anti-Financial Crime – Investigation and Intelligence is responsible to (a) investigate into cases arising from designated AFC surveillance solutions, at the instruction of relevant senior(s), and from other approved channel(s); (b) receive, retrieve, process and make sense of information and intelligence for AFC purpose; and (c) own policies, procedures, guidelines, processes and controls to ensure that the above operate at an adequate level as prescribed by the Bank.

A key objective of AFC I&I is to drive an effective framework for the Bank to identify and investigate into complex, unusually large or unusual patterns of transactions and/or behaviors. It is responsible for discharging regulatory requirement on the Bank to disclose suspicious behavior, and to work with relevant stakeholders on risk management, at both customer, portfolio and Bank level as a result of its outputs and relevant environmental scanning.

Job Responsibilities

1. A self-starter who must be able to work under minimal supervision, have a sense of urgency and proactive in dealing with day-to-day.
2. Knowledge/experience/certification in KYC/AML/CFT regulations.
3. Ensure all reviews related activities carried out adhere to the bank’s policies and procedures.
4. Checker to review team members’ reviews to ensure the quality of the reviews.
5. Provide training and guidance on review related matters to the team members.
6. Conduct in-depth investigations into assigned cases that poses potential AML/CFT risks.
7. Build Client Profile (eg Source of Wealth/Fund for “High Risk” customers regarding CDD and EDD).
8. Engage RMs to obtain EDD information and documents for corroboration.
9. Work closely with RMs, Team Leads and DA on EDD reviews to ensure alignment of Financial Crime risk and KYC knowledge is applied.
10. Communicate effectively with relevant stakeholders for the purpose of conducting AML investigations.
11. Assist in the AML risk assessment of AML Ops processes.
12. Manage and liaise to respond to escalated review enquires or complaints that may originate from internal and external stakeholders on client’s profile.
13. Support and provide MI reporting.
14. Lead ad hoc projects like UAT.
15. Identify opportunities for process streamlining.
16. SME on AML review investigation matters, process and tool usage/navigation.
17. Implement and maintain an effective operational risk management approach in GR investigation matters.
18. Execute and support UOB Compliance program in rolling out various investigation activities and changes.

Job Requirements

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.