Senior VP, Anti-Money Laundering Advisory Lead (Personal Financial Services)

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.

Job Description

Anti-Financial Crimes (AFC), AML/CFT Policy, Advisory and Training (PAT) is responsible for developing and owning AML/CFT Policies and Procedures to meet all requirements of relevant Regulations and Notices and reflect risk appetite and risk management philosophy as dictated by the Bank. AFC AML/CFT PAT supports relevant stakeholders (primarily the 1st and 1.5 lines), in designing, putting in place and executing ongoing controls to meet requirements of the AML/CFT Policies and Procedures.

AFC AML/CFT PAT oversees the execution of controls by relevant stakeholders (primarily the 1st and 1.5 lines), for compliance with requirements of AML/CFT Policies and Procedures and principle of sound risk management and reports its assessment to relevant Senior Management.

Job Responsibilities
The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Serves as the Team Head, AML/CFT Policy, Advisory Training (PFS), Group Compliance in delivering and supporting GC’s compliance agenda / book of work.
• Provide leadership, guidance and lead a team of 6 members in supporting the PFS business within the team.
• Conduct review of high-risk customers (Group Retail, focusing on PFS) or escalated cases (due to STRs, trigger events, ad hoc requests etc) and highlights areas of ML/TF concerns to Business.
• As the subject matter expert, this individual will be required to partner closely with our Group Retail PFS businesses, in providing advice/collaborating 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.
• Reviews and contributes to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk-based approach.
• Partner closely with the other GC functions, in ensuring group wide consistency approach in adoption of regulatory and internal requirements are adhered to.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitors development on related AML/CFT laws, regulations and risk trends.
• Handles request from MAS, assurance, internal and external audits.
• Drive, provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Head, AML/CFT, Sanctions Policy, Advisory & Training from time to time.

Job Requirements
The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 15 years of relevant work experience preferably in AML/CFT compliance advisory function with focus on Retail Banking/Consumer Banking will be a minimum must have.
• Excellent research skill including experience with online research tools and databases.
• Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
• A team player, possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.
• Having a professional AML-related certification.

Additional Requirements

Develop, Engage, Execute, Strategise, The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:
Degree or professional qualification in business or banking/financial services related areas.
Has minimum 15 years of relevant work experience preferably in AML/CFT compliance advisory function with focus on Retail Banking/Consumer Banking will be a minimum must have.
Excellent research skill including experience with online research tools and databases.
Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.
Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
A team player, possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.
Having a professional AML-related certification.

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.

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