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    **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...


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    Raffles, Singapore United Overseas Bank Ltd Full time

    Oversee the KYC function for Commercial Banking segment and ensure that all Group Policy requirements are followed. - Supervise the results of the KYC team and ensure that strict adherence to the timelines. - Assess and approve cases performed by the team. Make decisions within our policy framework and work with compliance to assess business impact before...


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  • Raffles, Singapore United Overseas Bank Ltd Full time

    **Responsibilities**: - Support Team Lead, AML Advisory (Group Retail) in delivering and support 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 highlights areas of ML/TF concerns to Business. - Reviews and contributes to the...

Vp/avp, Aml Compliance Assurance

3 weeks ago


Raffles, Singapore United Overseas Bank Limited Full time

**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**:
The **Wholesale Bank** function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

**Responsibilities**:

- Execute and provide inputs to the AML Assurance Head to conduct review and testing on AML Controls to identify systemic issues and recommend / implement corrective & preventive actions
- Review, interpret and socialize findings to Senior Management including formulation of initiatives to improve efficiency and effectiveness of AML assurance
- Provides expert knowledge on assessing the effectiveness of financial crime controls
- Develop and execute a robust AML assurance review planning, detailed testing steps and rating methodologies for each review
- Conduct detailed reviews, findings interpretation and recommend follow up actions.
- Ensure remediation plans are designed and executed in response to review findings.
- Provides effective challenge through these engagements, efficiency as well as maintain documentation
- Liaise with internal stakeholders and conducts research to identify priority areas for review based on control criticality, emerging risks and regulatory focus
- Utilize data analytics to identify and analyze potential red flags in customer profiles and transactional patterns
- Leverage on data analytics to support overall AML strategies to meet regulatory expectations
- Work with multiple internal stakeholders to obtain data and deliver outcomes
- Work with Group Compliance assurance owners and Internal Audit to ensure that activities are coordinated in order to avoid duplication and improve the overall effectiveness
- Able to articulate and present to senior internal and external stakeholders including regulators and external audit

**Job Requirements**:

- Degree in Banking, Finance or Accounting with additional professional qualifications in Accounting, Internal Audit or Operational Risk Management
- Has minimum 8 years of relevant work experience preferably in audit, regulatory compliance/Line 1 Risk and Control role and/or conducting due diligence checks in corporate banking/wholesale banking of a full-service bank
- Proven and relevant experience in external or internal audit in operations of a financial services institution is required
- Excellent knowledge of anti-financial crimes, MAS Notice 626 regulations, AML typologies, risk assessment, processes and controls
- Self-driven and a team player with strong interpersonal and communication skills
- Team and stakeholder management experience
- Resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills
- Knowledge of local financial crime regulatory framework of South East Asia region and data analytics would be a clear advantage. Having an accounting, compliance or audit certification is preferred
- Team player and able to perform well in a fast-paced environment
- Technically competent and hands-on yet able to demonstrate strong ownership to achieve team objectives
- Possess creativity and self-motivation to find solutions in an ever-evolving regulatory environment.
- Excellent communication (written, verbal) and interpersonal skills to positively influence people to make the appropriate decisions and resolve conflicts effectively
- Process-oriented and possesses a strategic mindset with the ability to have a holistic view
- Experience in non-AML assurance will be an added advantage

**Be a part of UOB Family**: