Senior VP, Wholesale Anti-Financial Crimes (AFC) Lead

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 Description

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. 

The incumbent is expected to manage and oversee KYC and CDD requirements in customer’s onboarding and periodic reviews with a key focus on ensuring compliance on regulatory requirements, to address AML CFT & Sanctions concerns. Customer segments include Wholesale Banking Business Banking (BB) and Corporate and Investment Banking (CIB) segment customers in Singapore. 

The incumbent reports functionally to the Group Head of AFC Ops, Group Wholesale Banking (GWB), and entity level to the General Manager / Head of COE. 

In this role the primary responsibilities of the incumbent are; 

• Manage teams comprising a mix of KYC and CDD personnel to address, meet and comply with regulatory requirements in all aspects of KYC / CDD and financial crimes concerns for the WB segment 
• Ensure the timely completion of all reviews assigned, within SLA and in compliance with the guidelines issued by Group / Local Compliance 
• Review and assess the financial crimes risk exposure of WB AML/CFT and Sanctions control measures 
• Serving as a control tower in relevance with the business risk appetites of the respective Business segments within WB 
• 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 required, to support the execution of such trainings to the respective Business Units within WB 
• To work in tandem with the Group Head of AFC Ops in development of the COE teams in areas of technical and soft skills for exposure and career progression 
• Participate and represent AFC Ops and WB in any AML/CFT and Sanctions related ad-hoc projects and committees, as and when required 

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 findings glean by know your customer (KYC) processes 
• 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