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Head of Anti-Financial Crime Operations, Wholesale Banking

Posting Date:  24 May 2023

Kuala Lumpur, Wilayah Persekutuan, MY

Company:  United Overseas Bank (Malaysia) Bhd

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

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.

Job Responsibilities

This is a senior role with underlying key responsibility in ensuring Anti-Financial Crimes operational issues are adequately addressed in a timely and responsible manner.

Besides the fulfilment in overseeing KYC and CDD requirements of Wholesale Banking customers’ lifecycle with the Bank, the incumbent is also expected to be responsible for all aspects of financial crime investigations (AML/CFT, Sanctions and Fraud) within Wholesale Business segment. The incumbent reports directly to the Head of Client Fulfilment and Service (CFS), Wholesale Banking.

Job Responsiblity:

  • Manage teams comprising a mix of financial crimes investigators, KYC and CDD personnel to address, meet and comply with regulatory requirements in all aspects of KYC / CDD and financial crimes concerns for the Wholesale Business segment

  • Ensure the timely completion of all reviews assigned, within SLA and in compliance with the guidelines issued by Group Compliance

  • Review and assess the financial crimes risk exposure of Group Wholesale Banking (GWB) AML/CFT and Sanctions and serving as a control tower in relevance with the business risk appetites of the respective Business segments within GWB

  • Ensure all audit findings raised are reviewed, addressed, and rectified accordingly

  • Manage business efficiency of the teams via execution of a unified governance handling approach in policies and standards

  • To review and lead in the implementation of training materials specific to AFC Ops in sync with Compliance guidelines on KYC / CDD and financial crimes matters.  Where need be, to lead the execution of such trainings as and when required to the respective Business Units within Group Wholesale Banking

  • To work in tandem with the Group Head of CFS in development of the teams in areas of technical and soft skills for exposure and career progression

  • Participate and represent Group CFS and GWB in any AML/CFT, Sanctions and Fraud related ad-hoc projects and committees, as and when required

Job Requirements

  • Recognised degree holder with demonstrable years of relevant experience in anti-financial crime compliance handling
  • A strong track record in risk and regulatory matters pertaining to financial crimes risk and typologies in identifying areas or instances of potential risks and to address these concerns appropriately
  • To demonstrate relevant experience in the management of people and relationships via supervisory experiences and proven leadership ability.  Including the skills to develop and coach teams
  • Able to advise senior stakeholders with great skill and a level of confidence, knowledge, and stature to provide advice in terms of outcomes arising from investigative findings
  • Strong at influencing thinking and behaviours align with the Bank’s commitment against financial crimes, with the highest level of integrity and ability to balance commercial objectives, through the exercise of independent and prudent judgement
  • Able to raise sensitive or potentially contentious issues in a constructive manner to arrive at appropriate solutions
  • Self-driven and a team player with strong interpersonal skills to communicate, influence and negotiate
  • Certification as an AFC specialist (e.g., CAMS / Diploma in AML, Governance and Risk) with a recognized institution will be an advantage

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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