VP2, 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

Here's a job description for a VP2, Wholesale AFC - CMB AML/KYC at UOB Innovation Hub 2 Sdn Bhd:

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Job Title:** VP2, Wholesale AFC - CMB AML/KYC

Company:** UOB Innovation Hub 2 Sdn Bhd

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Job Summary:**

The VP2, Wholesale AFC - CMB AML/KYC will play a critical role in strengthening UOB's anti-financial crime framework within the Wholesale Banking Commercial Banking (CMB) segment. This position focuses on ensuring robust AML/KYC compliance, identifying and mitigating financial crime risks, and contributing to the overall integrity of UOB's operations.

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Job Responsibilities:**

* **AML/KYC Advisory & Oversight:** Provide expert advice and guidance on AML/KYC policies, procedures, and regulatory requirements to business units within the CMB Wholesale sector. Conduct regular reviews and oversight of AML/KYC processes to ensure adherence and effectiveness.
* **Risk Assessment & Mitigation:** Identify, assess, and monitor financial crime risks specific to CMB clients and transactions. Develop and implement appropriate controls and mitigation strategies to address identified risks, including enhanced due diligence (EDD) measures.
* **Case Management & Investigations:** Manage and oversee complex AML/KYC cases, including suspicious transaction reporting (STR) processes. Conduct thorough investigations into unusual or suspicious activities, collaborating with internal and external stakeholders as required.
* **Policy & Procedure Development:** Contribute to the development, review, and enhancement of AML/KYC policies, procedures, and guidelines to ensure alignment with regulatory expectations and industry best practices.
* **Training & Awareness:** Develop and deliver training programs to business stakeholders on AML/KYC topics, fostering a strong compliance culture across the CMB segment.
* **Regulatory Liaison & Reporting:** Assist in responding to regulatory inquiries and examinations related to AML/KYC. Prepare and submit required reports to internal committees and external regulatory bodies.
* **Project Management:** Participate in or lead projects aimed at improving AML/KYC systems, processes, and controls, leveraging technology and innovation to enhance efficiency and effectiveness.
* **Stakeholder Management:** Collaborate effectively with Legal, Compliance, Risk Management, Technology, and Business Units to achieve shared AML/KYC objectives.

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Job Qualifications:**

* **Education:** Bachelor's degree in Finance, Business Administration, Law, or a related field. Professional certifications such as ACAMS (Association of Certified Anti-Money Laundering Specialists) or equivalent are highly preferred.
* **Experience:** Minimum of 8-10 years of experience in Anti-Money Laundering (AML), Know Your Customer (KYC), or Financial Crime Compliance, with a significant portion of this experience focused on Wholesale Banking, Commercial Banking, or Corporate Banking segments within a financial institution.
* **Technical Knowledge:** In-depth understanding of AML/CFT regulations, sanctions regimes, and relevant local and international financial crime laws (e.g., FATF recommendations, local AML Acts). Strong grasp of banking products and services offered to wholesale clients.
* **Analytical Skills:** Excellent analytical, problem-solving, and investigative skills, with the ability to interpret complex data and make sound judgments.
* **Communication:** Strong verbal and written communication skills, with the ability to articulate complex compliance concepts clearly and concisely to diverse audiences.
* **Leadership & Influence:** Proven ability to influence stakeholders at various levels, lead initiatives, and work independently as well as collaboratively within a team environment.
* **Risk Mindset:** Demonstrates a strong risk-aware mindset and a proactive approach to identifying and mitigating potential financial crime risks.
* **Technology Proficiency:** Familiarity with AML/KYC screening tools, transaction monitoring systems, and other compliance-related technologies is an advantage.

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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