Executive Director, Anti Money Laundering
1 week ago
**About UOB**:
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. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.
**About the Department**:
Group Retail comprise Personal Financial Services (for individuals up to $2m in wealth), Private Banking. The COO Office has Business Risk & Control teams across various risk types, acting as safeguard for the business
**Responsibilities**:
This role directly reports to the Group Retail Head of Anti Money Laundering (AML) & Conduct within the COO Office.
The role of Line 1 AML Advisory and Assurance is to work with Line 2 and Line 3 to jointly operationalize the risk and controls frameworks. Given the heightened risks, this role will require someone who can think out-of-the-box to challenge existing processes and better leverage data analytics to proactively manage the risks.
- Focus on proactive AML risk management by exercising risk oversight and ensuring end-to-end activities are consistent with the Group’s business strategy and risk appetite.- Responsible for process and control design of Group Retail AML activities spanning the different BUs from frontline sales, product teams, digital channel, operations units and support units.
- Design metrics to measure AML portfolio risks and oversee the AML Enterprise Wide Risk Assessment and AML Control Self Assessment.
- Provide timely and independent advisory support and guidance, training to the BUs within Group Retail.
This includes:
- Reviewing and endorsing the customer onboarding and retention of relationships
- Thorough impact analysis and operationalization of controls for new regulatory requirements within stipulated timelines and prevent regulatory breaches due to inappropriate controls
- Perform independent quality assurance reviews through thematic testing and required transaction reviews to ensure effectiveness of control frameworks- Central liason with Line 2 and Line 3 for discussion on policy and framework matters to continuously push boundaries by thinking out-of-the-box to leverage data to make the processes more efficient. Manage audit and compliance review and drive remediation for identified gaps.
- Act as secretariat for Group Retail AML Forum and other related panels
- Team responsibilities- Manage a team that specialises in AML advisory and assurance
- Training: Ensure that all BRCM staff complete the required competency trainings set out by GC; Conduct and maintain oversight on mandatory trainings to be conducted by BU
**Job Requirements**:
- 15+ years of experience in financial services, related to AML risk and regulatory compliance- Proven leadership and people management skills
- Strategic thinking, analytical and result-oriented
- Strong stakeholder management
**Be a part of UOB Family**:
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