Senior Officer, Commercial Banking AML

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.

About the role

The selected candidate will be a part of the team providing advisory guidance in compliance with relevant AML/CFT and Sanctions requirements pertaining to Commercial Banking (CMB) customers due diligence (CDD) program. This includes incorporating customer identification and verification (ID&V), know your customer (KYC), anti-money laundering (AML) principles and Sanctions oversight are in place, in meeting regulatory requirements and helping to grow the business.

Responsibilities

• AML and KYC related advisories
  • Ensure timely follow-up to queries from business unit (BU)
  • Provide accurate and up-to-date KYC / CDD information to BU
  • Act as the liaison contact between BU and Compliance on all AML/CFT and Sanctions matters.
  • Follow up on directives from Compliance to ensure business unit adherence
  • Clear alert screening hits encountered by BU in a timely manner
  • o Ensure oversight on segment transfer customers that all CDD documents are accurate, valid and in correct order
• Compliance Escalations
  • Summarize case and issues of concern, with appropriate escalation to Compliance for further concurrence
  • Track and ensure such escalations are handled promptly by business unit, post Compliance’s endorsement
• Ensure data accuracy in systems and documentations
• Extract data from worksheets and reports for distribution to respective Business segments for necessary follow-up actions
• Assist BUs to respond to various CDD enquiries, which may originate from the local authorities or from correspondent banks, over client’s profile
• Assist the Team Leader in providing regular statistics and presentations for updating to Senior Management
• Participate in ad-hoc assignments and projects, e.g., audit, user acceptance testing etc. where required

Requirements 

• Holder of Tertiary education and above
• Prior working experience in KYC / CDD roles, will be advantageous
• Detail-oriented, yet able to think flexibly and independently to resolve problems
• High degree of knowledge in MAS 626 regulations and associated regulatory requirements for AML/CFT and Sanctions
• Emotionally mature and able to communicate maturely and independently with various stakeholders within the Bank
• Comfortable with handling data, and able to perform functions on Excel, such as VLookup, Pivoting and generating various graphs / charts, etc
• Attentive to details with a strong sense of interest in developing a career as a KYC / CDD specialist
• Good command of both written and spoken English. The ability to speak / read additional languages is an advantage
• 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

#JoinIH2