VP, Commercial & Business Banking AML / KYC Deputy Team 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.

About the role

This role requires the incumbent to conduct review or perform first level investigations on customers’ where alerts have been generated, in accordance with their name profiles. Such customers within Group Wholesale Banking are customers typically classified as non-individuals. The selected candidate will be assigned to the Risk and Triage Assessment Team which is a subset of the Financial Crimes Investigation Team (“the Team”).

Responsibilities

• Disposition and fully document all alerts, including supporting data, analysis, rationale for disposition as flagged by the Bank system in a timely manner
• Retain strong records of all information relied upon in the disposition of the alert
• Review and analyze the underlying data gathered to assess reasonable cause to escalate alert clearance where applicable for Compliance clearance
• Perform User Acceptance Testing (UAT) on the Bank’s system where applicable
• Function as a key contributor with demonstrable knowledge of AML and Sanctions concerns.
• Maintain registers and trackers to track the performance of the team
• Provide regular statistics and presentations for updating to Senior Management

Requirements 

• Degree / Diploma Holder
• Relevant qualifications from ICA / ACAMS will be advantageous
• 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 responsibility in performing investigations and submitting reports on a timely basis
• Good command of both written and spoken English. The ability to speak / read additional languages is an advantage