Assistant VP, Anti Financial Crime Assurance, Business Risk and Controls Management
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.
Our history spans more than 80 years.
Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed.
Job Description
Assistant VP, Anti Financial Crime Assurance, Business Risk and Controls Management.
Group Retail
Be familiar with the Group AML/CFT procedures and regulatory requirement
Provide control and quality testing on critical functions and key AML/CFT/Sanctions/Fraud policies procedures, guidelines
Proficient in using Data Analytics in the testing to be more effective and comprehensive
Continuously design and update test scenarios to keep up with emergent trends
Timely execution of monthly assurance test, and present results meaningfully to stakeholders
Translate test results to learning
Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer on-boarding and retention of customer relationships
Identify regulatory risk and on AML/CFT requirements to assess impact on business segments and escalate any potential risk signals
Assist business units to operationalize and develop processes and controls to manage risks
Review new business initiatives for compliance to AML/CFT governance requirements
Conduct investigation 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 their awareness on the risk areas and exposure
Requirements
Bachelor’s Degree in Business Management or related fields
Working knowledge of MAS 626 Regulations and Guidelines
Relevant 5 or more years of 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, Qilkview is an advantage
UOB is an equal opportunity employer.
UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors.
All employment decisions at UOB are based on business needs, job requirements and qualifications.
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