Assistant Vice President, AML Investigation - OET
UOB · Malaysia · 9h ago
About UOB
United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.
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.
Key Responsibilities:
Quality Review
- Review AML alerts / UARs closed by analysts to ascertain that the investigation approach and procedures are in line with prescribed requirements and documented accordingly.
- Monitor key risk areas and metrics to ensure that alerts/UARs are reviewed and closed on a timely basis.
- Review completed reconciliation to ensure that the high risk party list records are updated into Actimize timely.
- Ensure that any exceptions are discussed and agreed with relevant stakeholders and followed up till resolution.
- Prepare reports to inform team lead and Group Head of OET on the outcome of reviews conducted.
Management Reporting
- Prepare daily, weekly and monthly management report on key indicators in relation to transaction surveillance activities.
- Prepare ad-hoc report to generate statistics in relation to transaction surveillance activities.
- Monitor and highlight any identified exceptional trends to reviewer/ team lead.
Governance & Operational Support
- Provide support to update operating procedure to ensure that process remains relevant.
- Maintain and update training records and materials incorporating key trends, observations and procedures, identified through reviews conducted or updates shared by Head Office.
- Execute training for analysts to reinforce AML knowledge and awareness of changes in trends which impacts investigations.
Key Requirements:
- Minimum degree in related field from reputable University
- Minimum 8-10 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.
- Ability to work independently and collaboratively.
- Certification in AML/CFT (ICA/AICB/ACAMS/CFE)
Additional Requirements
University-BachelorBe 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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