VP - AML & Sanctions Risk and Control Advisory

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

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.

The successful candidate will be part of the Group Compliance, AML & Sanctions Risks and Controls Advisory team and the key responsibilities are as follows:

• Support Head, AML/CFT, Sanctions Policy, Advisory & Training and Team lead of AML & Sanctions Risks and Controls Advisory in delivering and support UOB AML projects and Group Compliance (GC)’s framework agenda.
• Support the management of complex transformation project through its entire lifecycle - from strategy formulation through to execution and monitoring.
• Support the preparation of project plans, status updates, stakeholder management and communication plans.
• Partner with key stakeholders to ensure that projects are progressing in accordance with agreed milestones. Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Provide advice/collaborate 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.
• Highlight gaps and provide objective recommendations to troubleshoot project misalignments, remove redundancies and overlaps.
• Support and work with relevant internal stakeholders to track and ensure all requirements are fully embedded and respective departments procedures.
• Contribute to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
• Any other support as required by the Team lead of AML & Sanctions Risks and Controls Advisory from time to time.

Job Requirements
The successful candidate will be part of the Group Compliance, AML & Sanctions Risks and Controls Advisory Team:

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 8 years of relevant work experience in managing regional group wide projects in the banking or financial services industry. Knowledge of anti-financial crime compliance or risk management preferred especially in name/payment screening space.
• Past experience in program / change management in AML/CFT Compliance function will be an advantage.
• Enterprise understanding across Retail, Corporate and Private Banking segments Client lifecycle journey will be needed.
• Past advisory experience working on similar project in a bank will be needed.
• 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. Adapt to evolving stakeholder expectations.

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.

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