Team Lead (VP1), AML Investigation - Pre-STR
UOB · Malaysia · 1mo ago
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
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.
About the Department
About the department
UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.
As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.
We help develop trusted relationships and partnerships by focusing on our clients’ long-term interests and helping them to meet their strategic objectives. Our unique combination of local, in-country presence and expertise, astute Asian market insights and regional network connectivity enables us to help unlock Asia’s potential for our clients.
About the Role
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.
Primary Objective:
To oversee and manage the Investigation / Pre-STR Team who in-charge of conducting initial assessments of AML alerts and UARs, ensuring well‑informed decisions are made on whether alerts / UARs can be reasonably explained and closed as false positives or whether they require escalation and enhanced investigation by Country Compliance for further review and potential STR filing.
Key Responsibilities:
- Ensure the team conduct timely reviews of suspicious AML/CFT alerts and UARs generated from data analytics models, government subpoenas, search warrants and production orders issued by law enforcement authorities.
- Ensure the team prepare and submit suspicious activity and transaction report to Country Compliance to support timely STR filing with the relevant local authorities.
- Provide updates, guidance and support to business units and other AFC teams on matters arising from reviews and investigations.
- Perform analytical assessments to identify emerging AML/CFT risk trends and support actions to enhance and strengthen Group AML/CFT controls.
- Ensure the team adhere to proper documentation and record keeping of investigation report and all supporting documents of investigated alerts/cases in line with Group standards and requirements.
- Provide inputs and support initiatives aimed at strengthening the GC AML Operations framework, policies and procedures.
- Monitor and managed the team’s KPIs and goals, inclusive of quality and productivity.
- Undertake other ad-hoc tasks and responsibilities as assigned.
Key Requirements:
- Minimum degree in related field from reputable University
- Minimum 10 - 12 years of experience in AML Intelligence/Investigation, Compliance or related field with strong understanding of AML, banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems.
- Strong Interpersonal, communication and presentation skills. Excellent analytical and problem-solving skills.
- Effective people management skills and ability to work independently and collaboratively.
- Certification in AML/CFT (ICA/AICB/ACAMS/CFE)
Additional Requirements
Advanced Certification In Anti-Money Laundering & Counter Financing Of Terrorism - Asian Institute of Chartered Bankers, English, University-Bachelor, Work Experience Level for GTO CWFBe 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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