First VP - Anti-Money Laundering Advisory (Group Retail)

Location: Singapore, SG

Company: United Overseas Bank Ltd

Job Responsibilities

The successful candidate will be part of the Group Compliance, AML Advisory (Group Retail) team and the key responsibilities are as follows:

• Support Team Lead, AML Advisory (Group Retail) in delivering and support GC’s compliance agenda / book of work.
• Provide guidance and support to junior members within the team.
• Conduct review of high-risk customers (Retail and Private Banking) or escalated cases (due to STRs, trigger events, adhoc requests etc) and highlight areas of ML/TF concerns to Business.
• As the subject matter expert, this individual will provide advice/collaborate with Business and Business Risk & Control Management in the development and review of AML controls, processes and procedures to ensure risks are effectively identified and mitigated.
• Reviews and contributes to the maintenance of Group AML/CFT policies and procedures to ensure their effectiveness and relevancy to laws, regulations and best practices.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk-based approach.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitor developments on related AML/CFT laws, regulations and risk trends.
• Handle requests from MAS, assurance, internal and external audits.
• Drive, provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Team Lead, AML Advisory (Group Retail) from time to time.

Job Requirements

The successful candidate will be part of the Group Compliance, AML Advisory (Group Retail) team:

• Degree or professional qualification in business or banking/financial services related areas.
• Has a minimum of 9 years of relevant work experience preferably in AML/CFT compliance advisory function with a focus on private banking/retail banking being an advantage.
• Excellent research skills including experience with online research tools and databases.
• Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices, and understanding of financial products & systems.
• Ability to work effectively, under pressure, in a rapidly changing environment, as well as autonomously and as an effective member of a dynamic team.
• A team player, possessing strong interpersonal, stakeholder management, analytical and problem-solving skills.
• Having a professional AML-related certification.