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Assistant VP, Account Closure Team Lead, AML Ops

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This job is Assistant VP, Account Closure Team Lead in AML Ops at UOB Innovation Hub 2. You might like this job because you'll oversee end-to-end Account Closure process aligning with AML policies, supporting bank growth ambitiously.

Undisclosed

Kuala Lumpur, Wilayah Persekutuan, Kuala Lumpur

Job Description

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. UOB's purpose is to build the future of ASEAN. Our purpose guides The UOB Way – that defines our unique culture and belief system, anchored on our values of being Honourable, Enterprising, United and Committed, and our people philosophy of Care, Growth and Trust.

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.

 

Job Responsibilities

  • Perform end-to-end management and process support of the Account Closure process due to AML exits 
  • Manage and review process of Account Closure of GR portfolio in line with Bank’s AML policy and process 
  • Escalate concerns relating to Account Closure process and gaps 
  • To ensure timely completion of Account Closure as per prescribed workflow and time-frame  
  • Provide guidance to team members on Account Closure requirements with Bank’s AML/KYC policy and procedures, taking into consideration changes to Bank’s policies and procedures, regulatory developments and best practices. 
  • Take the lead for Account Closure matters 
  • Coordinate and assist with preparation of any periodic, regular and accurate reports to AML Management 
  • To support the Bank’s audit and remediation efforts 
  • Communicate effectively with relevant stakeholders for the purpose of conducting Account Closure process 
  • Co-ordinate and liaise with relevant Stakeholders for timely completion of corrective feedback from approver/Head of KYC/Compliance is actioned in a timely manner 

Key Responsibilities 

  • Identifying and monitoring the relevant regulatory legislative and Bank policy and best practices requirements  
  • Implementing the necessary process, systems and internal controls to facilitate adherence AML policy and obligations 
  • Direct accountability and responsibility Account Closure perspective to ensure matters relating to Account Closure timeliness  
  • Performs quality control functions, training, communications, guidance, monitoring developments/enhancements input and testing 
  • Ensure proper documentation and record keeping of Account Closure in accordance with Bank’s standards. 
  • Management of portfolio flow and ensure no overdue 

Job Requirements

  • Minimum 5 years of experience in intelligence/investigation related work in AML compliance function within the financial industry 
  • Knowledge of AML and KYC regulations and KYC Screening tool such as Detica, Refinitiv is preferred 
  • Critical thinking, excellent analytical and problem-solving skills 
  • Possess initiative, well structured, driven and meticulous 
  • Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems 
  • Strong Interpersonal, communication and presentation skills 
  • A self-starter who must be able to work under minimal supervision, have a sense of urgency and proactive in dealing with day-today 

 

 

 

 

Be a part of 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.


Apply now and make a difference.
 


Job Requirements


Company Benefits

Flexi-work arrangements

Access a variety of flexible work arrangements to manage your work and life with greater ease.

Banking

Enjoy banking privileges designed to support your life goals.

Insurance

Our insurance plans can help you to ride out challenging times and unforeseen circumstances.

Leave entitlement

We offer a wide variety of leave schemes to help you make time for people and events that matter to you.

Health & wellness

Access a range of resources to stay fit and healthy as you build your life and career.


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Company Profile

United Overseas Bank (UOB)-logo-image

United Overseas Bank (UOB)

We’re here to do Right By You.

UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America.

In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region.

We draw on our time-tested values in building a sustainable future of ASEAN. Our responsibility stems from our commitment to doing what is right by our customers, colleagues and communities. 

Source: uobgroup.com