Anti Money Laundering jobs in Singapore

VP, Anti-Financial Crimes & Anti-Money Laundering Advisory (Group Retail), Group Compliance

Posting Date: 4 Mar 2025

Location:
Raffles (City Area), SG, 048624

Company: United Overseas Bank Ltd

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 supporting GC's compliance agenda / book of work.
• Conduct review of high-risk customer (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, 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.
• 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.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedures 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.
• 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.

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

• Degree or professional qualification in business or banking/financial services related areas.
• Minimum 7 years of relevant work experience preferably in AML/CFT/Sanction compliance function with a focus on private banking/retail banking will be an advantage.
• Excellent research skills including experience with online research tools and databases.
• 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 good interpersonal, analytical, and problem-solving skills.
• Having a professional AML-related certification.