VP1, Wholesale AFC - CMB AML/KYC

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

VP1, Wholesale AFC - CMB AML/KYC

Company:** UOB Innovation Hub 2 Sdn Bhd

Job Summary

The VP1, Wholesale AFC - CMB AML/KYC will be responsible for overseeing and managing Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance for the Commercial Banking (CMB) wholesale sector within UOB Innovation Hub 2 Sdn Bhd. This role is critical in ensuring adherence to regulatory requirements and mitigating financial crime risks.

Job Responsibilities

* Lead and manage a team of AML/KYC professionals, providing guidance, training, and performance evaluations.
* Develop, implement, and maintain robust AML/KYC policies, procedures, and controls specific to the CMB wholesale segment, in line with UOB Group standards and local regulatory requirements.
* Oversee the end-to-end KYC lifecycle for CMB wholesale clients, including client onboarding, periodic reviews, and trigger events, ensuring timely and accurate completion.
* Conduct enhanced due diligence (EDD) and complex risk assessments for high-risk CMB wholesale clients, escalating significant findings as appropriate.
* Act as a subject matter expert for AML/KYC matters within the CMB wholesale business, providing advice and guidance to business units and other stakeholders.
* Monitor and analyze regulatory developments pertaining to AML/CFT (Counter-Financing of Terrorism) and sanctions, ensuring UOB's policies and processes remain up-to-date and compliant.
* Collaborate closely with business units, legal, compliance, and risk management teams to identify and mitigate financial crime risks across the CMB wholesale portfolio.
* Prepare and present regular reports on AML/KYC performance, key risks, and emerging trends to senior management and relevant committees.
* Participate in internal and external audits, regulatory examinations, and risk assessments related to AML/KYC.
* Drive continuous improvement initiatives in AML/KYC processes and technology solutions to enhance efficiency and effectiveness.

Job Qualifications

* Bachelor's degree in Finance, Business Administration, Law, or a related field. A Master's degree or relevant professional certifications (e.g., ACAMS, ICA) are highly desirable.
* Minimum of 8-10 years of progressive experience in Anti-Money Laundering (AML) and Know Your Customer (KYC) within the financial services industry, with a significant focus on wholesale banking or commercial banking.
* Proven leadership and people management skills, with experience leading and developing a team of compliance professionals.
* In-depth knowledge of AML/CFT regulations, sanctions regimes (e.g., OFAC, UN), and best practices in Malaysia and relevant international jurisdictions.
* Strong understanding of complex corporate structures, beneficial ownership, and various wholesale banking products and services.
* Excellent analytical, problem-solving, and decision-making abilities, with a keen eye for detail.
* Exceptional communication (written and verbal) and interpersonal skills, with the ability to influence and collaborate effectively with diverse stakeholders at all levels.
* Ability to work independently and under pressure in a fast-paced, dynamic environment.
* Proficiency in relevant compliance systems and technologies.

any other ad hoc task

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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