First VP, AML/CFT Product Advisory

Posting Date: 30 Mar 2025

Location:

Singapore, SG

Company: United Overseas Bank Ltd

Job Description

The successful candidate will be part of the Group Compliance, AML/CFT Sanctions Policy Advisory team and the key responsibilities are as follows:

1. Reporting to the Head, AML/CFT, Sanctions Policy, Advisory & Training, the Individual will serve as the AML/CFT Product Specialist and work with numerous stakeholders across the AFC/Group Compliance and Business functions.
2. Coordinate and scrutinize overlapping processes across segments to identify potential areas of improvement or enhancements.
3. Review and provide SME advice involving cross segment initiatives and industry initiative rollouts.
4. Participate in digital initiatives and product journeys rollout by the Bank, to provide the AML/CFT expertise in supporting the Bank’s Digital journey.
5. Provide SME advice and collaborate with relevant stakeholders and in the review and development of AML related controls and processes (with a focus on cross segment initiatives) to ensure risks are effectively identified and mitigated at a holistic level.
6. Ensure the controls and processes designed are compliant with the regulatory and Group’s AML / CFT policies and procedures.
7. Partner with key stakeholders to ensure that projects are progressing in accordance with agreed milestones.
8. Provide key updates on AML/CFT related project matters to the respective governance forums and committees.
9. Contribute to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
10. Any other support as required by the Head, AML/CFT, Sanctions Policy, Advisory & Training from time to time.

Job Requirements

The successful candidate will be part of the Group Compliance, AML/CFT Sanctions Policy Advisory team:

1. Degree or professional qualification in business or banking/financial services related areas.
2. Has minimum 8 years of relevant work experience in managing regional group wide projects in the banking or financial services industry. Knowledge of anti-financial crime compliance or risk management is required.
3. Enterprise understanding across Retail, Corporate and Private Banking segments will be needed.
4. Good knowledge/understanding of payments, banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.
5. Have an acute sense of interest in digitalization.
6. Ability to work effectively, under pressure, in a rapidly changing environment, as well as autonomously and as an effective member of a dynamic team.
7. A team player possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.
8. Adapt to evolving stakeholder expectations.