AML Investigation, Operation Excellence Team Member

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.

The Group Compliance Anti-Financial Crime Investigation and Intelligence (“I&I”) function is responsible for safeguarding the Bank against financial crime risks relating to AML, Sanctions, Fraud and regulatory risks which may undermine the integrity of the Bank’s compliance framework. Through the conduct of proactive detection and ongoing monitoring activities, we enable timely insights, accurate identification and effective intervention against financial crime events.  

The Operational Excellence Team (“OET”) provides process and quality assurance  support to the Transaction Surveillance Team (“TST”) which carries out investigation on the bank’s Transaction Monitoring (“TM”) system alerts and Unusual Activity Reports (“UAR”) escalated from BU/SUs to identify potential financial crime risks to the Bank.  

Job Responsibilities

Reporting to the OET Lead, the successful candidate will undertake the following key responsibilities: 

Quality Review 

• Review completed quality review samples of transaction monitoring (TM) alerts 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 coducted 

Management Reporting 

• Review and ensure that the ad-hoc, daily, weekly and monthly management report on statistics/ key indicators in relation to transaction surveillance activities are completed timely and accurately 
• Monitor and highlight any identified exceptional trends to team lead and/or Group Head of OET 

Governance & Operational Support 

• Ensure regular update of operating procedure to ascertain that process remains relevant  
• Ensure regular and timely update of training records and materials incorporating key trends, observations and procedures, identified through reviews conducted or updates shared by Head Office  
• Plan and execute regular training for analysts to reinforce AML knowledge and awareness of changes in trends which impacts investigations 

Job Requirements

• Degree or professional qualification in business, banking/financial services or equivalent 
• Good communication and presentation skills  
• Good knowledge/understanding  of  banking  and  financial  services  laws  &  regulations, compliance best practices and understanding of financial products & systems 
• Good analytical, problem solving skills and ability to dissect complex issues related to processes and systems 
• 6 - 10 years’ experience in TM/Customer Risk intelligence/investigations/ operational risk related work or experience in audit/assurance  

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.

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