Mgr/SO, Risk & Control, AML Operations - Preparer-1

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

Job Responsibilities

• Conduct in-depth research using internal and external sources (e.g., public records, open-source intelligence, regulatory databases, client-provided documentation) to identify and verify the legitimate source of wealth for designated customers.

• Analyze complex financial information, business structures, and legal documents to construct a clear and concise narrative explaining the customer's wealth accumulation.

• Prepare clear, concise and well supported Source of Wealth (SOW) reports, ensuring accuracy, completeness, and adherence to established templates and quality standards.

• Collaborate effectively with Relationship Managers, Compliance Officers, and other stakeholders to gather necessary information and clarify discrepancies.

• Identify and escalate potential red flags, suspicious activity, or inconsistencies observed during the preparation process to relevant teams or management.

• Assess findings and recommend appropriate account relationship outcomes, including continuation, escalation, referral, restriction, exclusion, or account closure, in line with the Bank's risk appetite and regulatory requirements.

• Maintain meticulous records of all research conducted and documentation reviewed in accordance with bank policies and regulatory requirements.

• Stay updated on evolving AML regulations, industry best practices, and internal guidelines related to SOW requirements.

• Participate in training sessions and continuous professional development to enhance expertise in AML and financial crime prevention.

• Contribute to process improvements and efficiency initiatives within the AML Operations department.

Job Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice, or a related field.

• Minimum of 2-4 years of experience in Anti-Money Laundering (AML) operations, financial crime compliance, due diligence, or a similar role within the financial services industry.

• Strong understanding of AML regulations, particularly those related to customer due diligence (CDD) and enhanced due diligence (EDD), including Source of Wealth requirements.

• Proven ability to conduct thorough research, analyze complex data, and synthesize information into clear and coherent reports.

• Excellent written and verbal communication skills, with the ability to articulate complex financial concepts clearly.

• High level of attention to detail and accuracy in all work performed.

• Proficiency in using various research tools and financial databases.

• Ability to work independently and as part of a team in a fast-paced, deadline-driven environment.

• Strong analytical and problem-solving skills.

• CAMS or other relevant AML certifications are a plus.

Additional Requirements

Be a Part of the UOB Family

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. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a Difference