VP, Anti-Money Laundering Advisory (Corporate), Group Compliance

VP, Anti-Money Laundering Advisory (Corporate), Group Compliance

Posting Date: 4 Mar 2025

Location: Singapore, SG

Company: United Overseas Bank Ltd

Job Description

1. Support Team Lead, AML Advisory (Group Wholesale Banking) in delivering and supporting GC’s compliance agenda / book of work.
2. Conduct review of high-risk customer or escalated cases (due to STRs, trigger events, adhoc requests etc) and highlight areas of ML/TF concerns to Business.
3. 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.
4. Review and contribute to the maintenance of Group AML/CFT policies and procedures to ensure their effectiveness and relevancy to laws, regulations, and best practices.
5. Provide SME advice, interpretation, and implementation of Group AML/CFT procedure, correspondent banking, and trade-related transactions in a pragmatic and risk-based approach.
6. Provide key updates on AML/CFT related matters to the respective business forums and committees.
7. Monitor developments on related AML/CFT laws, regulations, and risk trends.
8. Handle requests from MAS, assurance, internal and external audits.
9. Provide support and participate in AML/regulatory-related projects.
10. Any other support as required by the Team Lead, AML Advisory (Group Wholesale Banking) from time to time.

Job Requirements

1. Degree or professional qualification in business or banking/financial services related areas.
2. Minimum 7 years of relevant work experience, preferably in AML/CFT/Sanction compliance function with a focus on private banking/retail banking being an advantage.
3. Excellent research skills, including experience with online research tools and databases.
4. Ability to work effectively under pressure in a rapidly changing environment, both autonomously and as an effective member of a dynamic team.
5. A team player with good interpersonal, analytical, and problem-solving skills.
6. Having a professional AML-related certification will be an advantage.