VP, Ongoing Review 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.

Job Description

• Manage and review process of ongoing review (OGR) of GR portfolio in line with Bank’s AML and regulatory policies
• Escalate concerns relating to OGR review process and gaps
• To ensure timely completion of OGR review 
• Provide guidance to team members on review requirements with Bank’s AML/KYC policy and procedures, taking into consideration changes to Bank’s policies and procedures, regulatory developments and best practices.
• Take the lead for OGR matters such as performs quality control functions, training, communications, guidance, monitoring developments/enhancements input and testing
• Coordinate and assist with preparation of any periodic, regular and accurate reports to AML Management
• To support the Bank’s audit and remediation efforts
• Communicate effectively with relevant stakeholders for the purpose of conducting OGR review process
• Co-ordinate and liaise with relevant Stakeholders for timely completion of corrective feedback from approver/Head of KYC/Compliance is actioned in a timely manner

Key Responsibilities

• Identifying and monitoring the relevant regulatory legislative and Bank policy and best practices requirements 
• Implementing the necessary process, systems and internal controls to facilitate adherence AML policy and obligations
• Direct accountability and responsibility OGR perspective to ensure matters relating to OGR standards and timeliness including approval of KYC files, transactions monitoring, periodic customer review and required screening
• Plan and execute changes upon Bank’s AML/KYC policy change
• Ensure proper documentation and record keeping of reviews and investigation cases in accordance with Group standards.
• Provide inputs and support to strengthen the OGR review quality and standards with operating framework and procedures across the Bank.
• Management of portfolio flow and ensure no overdue

Requirements 

• Minimum 5-8 years of experience in intelligence/investigation related work in AML compliance function within the financial industry
• Knowledge of AML and KYC regulations and KYC Screening tool such as Detica, Refinitiv is preferred
• Critical thinking, excellent analytical and problem-solving skills
• Possess initiative, well structured, driven and meticulous
• Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems
• Strong Interpersonal, communication and presentation skills
• A self-starter who must be able to work under minimal supervision, have a sense of urgency and proactive in dealing with day-to-day