Assistant VP, Anti-Financial Crimes Assurance, Overseas Compliances Management, Group Compliance

Company: 1011 United Overseas Bank Ltd

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

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Job Responsibilities

Part of the Overseas Compliance Management (OCM) Anti-Financial Crimes (AFC) Assurance Team, responsible for planning and executing assurance reviews AFC controls within UOB’s international operations. Reporting to the OCM Head of AFC.

Assurance planning

• Assists the OCM Head of AFC Assurance in developing a robust AFC assurance plan for UOB’s international operations

• Liaises with internal stakeholders and conducts research to identify potential areas to review as part of the assurance plan, synthesizing findings for the Head of AFC Assurance

• Develops strong working relationships with key stakeholders within across Line 1 and Line 2 in UOB’s international operations, coordinating regular touchpoints between these teams and the OCM AFC assurance team

Assurance execution

• Plans specific assurance engagements including review scope, key dependencies, and timelines. Ensures engagement plans are communicated and aligned with key stakeholders

• Researches and collates relevant regulatory and policy documentation ahead of specific engagements, liaising with both local compliance teams and relevant Line 1 stakeholders where necessary

• Develops detailed testing methodologies for each review in line with the overall AFC assurance methodologies, aligning plans with the Head of AFC Assurance

• As part of engagements conducts detailed reviews of controls design, implementation and outcomes to assess effectiveness and efficiency. Includes document review and interviews where necessary

• Drafts review findings including providing ratings where relevant, reporting key findings and details to the Head of AFC Assurance

• Works and agrees with key stakeholders in both Line 1 and Line 2 (local compliance) teams on the corrective action plans, ensures that progress of action plans is on track and performs the issues validation

• Supports in the preparation of reporting and MI for Senior Management and relevant committees, summarizing key activities of the OCM AFC Assurance Team

• Leverages data analytics, automation, and AI-enabled tools to enhance risk assessment, testing, thematic reviews, and reporting efficiency.

Job Requirements

• Bachelors degree holder (with major in Accounting, Business Administration, Economics, Finance or Law, or equivalent qualification preferred)

• 6-8 years of experience in financial services assurance or compliance testing

• Excellent knowledge of anti-financial crime processes and controls (which includes AML and fraud) within a financial services context

• Strong report writing and presentation skills, with the ability to articulate risks, control weaknesses, and key observations effectively.

• Good understanding of Line 1 business divisions and activities within a full-service bank

• Understanding of relevant financial crime and broader financial services regulatory landscape

• Knowledge of local financial crime regulatory frameworks within SEA valued

• Project management skills and familiarity with project management tools

• 10-15% of traveling required.

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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