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

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

Job Description Summary:

Anti-Financial Crime – Investigation and Intelligence is responsible to (a) investigate into cases arising from designated AFC surveillance solutions, at the instruction of relevant senior(s), and from other approved channel(s); (b) receive, retrieve, process and make sense of information and intelligence for AFC purpose; and (c) own policies, procedures, guidelines, processes and controls to ensure that the above operate at an adequate level as prescribed by the Bank. 

A key objective of AFC I&I is to drive an effective framework for the Bank to identify and investigate into complex, unusually large or unusual patterns of transactions and/or behaviors. It is responsible for discharging regulatory requirement on the Bank to disclose suspicious behavior, and to work with relevant stakeholders on risk management, at both customer, portfolio and Bank level as a result of its outputs and relevant environmental scanning.

Job Description
•    Perform end-to-end management and process support of the Account Closure process due to AML exits
•    Support the 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
 

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Job Requirements

•    Minimum 3 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
•    A self-starter who must be able to work under minimal supervision, have a sense of urgency and proactive in dealing with day-today
•    Excellent communication skills, particularly in writing
•    Possesses an inquisitive and curious mind and is proactive to think of next steps
•    Ability to work well independently and as a team 
•    Ability to multi-task, analyse and be attentive to details
•    Proficient in MS Office

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.

Competencies