Senior VP, Anti Financial Crime (AFC) Assurance, Group Retail COO

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, 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. We help them manage their money wisely and meet their financial goals through an extensive range of products and services, including deposits, insurance, secured and unsecured loans, investment, and wealth advisory services.

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

You will be part of the Anti-Financial Crime team within Group Retail that covers a range of banking segments and products. You will ensure that the governance and controls framework is applied and tested for assurance, while creating additional risk awareness, an ethical culture, and professionalism 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, interpretation, advisory, and recommendations to Business Units for the implementation of AML-related policies and practices.

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

• Be familiar with the Group AML/CFT procedures and regulatory requirements
• Lead the AML Assurance team to effectively execute the Assurance plan
• Plan and define Assurance scope and risk-targeted methodology to effectively test potential ML/TF risk areas
• Proficient in using Data Analytics in the assurance testing strategy to ensure comprehensiveness
• Continuously update assurance testing strategy to keep up with emergent ML/TF trends
• Ensure timely execution of monthly assurance tests, timely escalation of risk signals, and present results meaningfully to stakeholders
• Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer onboarding and retention
• Identify and propose areas of improvement to manage AML/CFT risks
• Review new business initiatives for compliance with AML/CFT governance requirements
• Conduct investigations into suspected ML/TF activities
• Review audit findings from internal & external reviews to assess adequacy of controls and facilitate formulation of corrective actions
• Participate in strategic AML projects and initiatives to advise on AML controls
• Facilitate the gathering and provision of data/information to Management oversight
• Conduct Compliance Training to raise staff awareness on AML/CFT controls, trends, and typologies
• Prepare regular management reports to raise senior management awareness on the risk areas and exposure

Minimum Requirements:

• Bachelor’s Degree in Business Management or related fields
• Working knowledge of MAS 626 Regulations and Guidelines
• 10 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 is preferred
• Resourceful, meticulous, analytical with strong interpersonal and communication skills
• Proficient in Microsoft Office Suite of applications
• Use of analytical tools such as Power BI, QlikView is an advantage

UOB is an equal opportunity employer, and all employment decisions 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.

Apply now and make a difference.

Competencies:

1. Strategize
2. Engage
3. Execute
4. Develop
5. Skills
6. Experience