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 Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Purpose

We are looking for passionate and inquisitive individuals to join our Line 1.5 Business Risk Control and Management Advisory Team (“the Team”) in Group Wholesale Banking’s Anti-Financial Crime Controls (AFC Controls).  As business risk control and management advisory specialist, you will assume responsibilities to provide advisories on investigations triggers in a timely manner.

Responsibilities

• Conduct reviews and provide advisory on corporate fraud and financial crime risks in accordance with legal, regulatory, and internal policies for Group Wholesale Banking (group mandate)
• Review investigation memos to balance risk identified with mitigation control measures.
• Liaise with internal stakeholders (e.g., Investigators, Relationship Managers, Business Units) to obtain clarification on corporate fraud and financial crime risks.
• Post review to document advice and provide practical inputs on appropriate account strategy to mitigate fraud and financial crime risks identified.
• Support Business Units to respond to fraud and financial crime related issues and queries from both internal and external stakeholders (including the authorities and correspondent banks).
• Review draft changes to AML/Sanctions policy, procedures and guidelines and provide Line 1.5 inputs to
• Ensure timely reporting and escalation of significant risk issues to management.
• Maintain register to track team’s performance.
• Appraise management on statistics and cases of interest.
• Actively engage/participate in project work and liaise with relevant stakeholders (e.g., Compliance, system vendors, IT) for future system developments.
• Perform user acceptance testing (UAT) on the Bank’s systems where applicable.

Job Requirements

The ideal candidate should possess the following qualities:

• Graduate Degree from a recognized university (preferably Accountancy, Banking, Economics or Law) or relevant professional qualification in financial services or audit.
• At least 7 years working experience in corporate financial crime advisory within the Banking Industry.
• Strong risk culture mindset and attention to details.
• Deep understanding of business practices for SMEs, large corporations and financial institutions.
• Strong knowledge of sanctions, tax evasion, misuse of legal persons, trade-based money laundering and strategic trade controls (e.g. US BIS) red flags and regulation.
• Able to implement Banks compliance of MAS 626 Notice.
• Team player with strong inter-personal and communication skills and ability to network, engage and influence business stakeholders independently.
• Excellent written report skills and skilled in MS office suites.

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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