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VP, Compliance Analytics & Surveillance, Group Compliance

Posting Date:  17-Mar-2023

Raffles (City Area), Singapore, 048624

Company:  United Overseas Bank Ltd

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.

Strategize the implementation of Anti-Money Laundering/ Counter-Financing of Terrorism (AML/CFT) screening solutions across the Group together with Group Technology, AML/CFT Advisory and Sanctions, business stakeholders and external vendors to optimise AML/CFT risk management effectiveness and to address Bank’s regulatory and operational requirements.

This new role will anchor as the Business Analyst & Project Management for Group / regional projects of AML screening systems, for designated coverage such as Know-Your-Customer (KYC), Customer Acceptance, ISO Swift Payment transformation, Regulatory AML Case Management and AML Name/ Payment screening related.

As Functional lead, on project basis, he/she will facilitate and support the assigned Singapore/ subsidiaries’ project team on the AML Screening systems on functional subject matter.  

Key roles include project delivery in Business Requirement, Functional Review &User Acceptance Test (UAT) process through System Development Life Cycle (from pre-project preparation, development and testing, implementation to post implementation-system issues escalation and resolutions) as applicable.

Job Responsibilities

Process design, AML screening flow (for applicable customer on-boarding/ due diligence/ payment screening/ case management workflow subject areas)

  • Solicit input on requirements from country and project stakeholders.
  • Support for AML Screening functional subject matter for requirement gathering and documentation. 
  • Lead / Facilitate project team to create process flows and requirement documentation.


Requirements Analysis & Functional Review 

  • Lead / facilitate for compliance team / assigned workstream for AML screening subject areas
  • Support project team to for requirement preparation & analysis:
    • Analyse and document the “as-is” & "to be" business processes, to formulate the problem statement for various use case.
    • Prepare Input to functional business analysts to create functional and non-functional requirements based on business requirements
    • Define data & environment requirements & stakeholders’ involvement
    • Facilitate compliance teams’ Review and sign-off of business requirement document with project team
  • Provide support to compliance teams’ review of functional specification 


Scope Management & Issues monitoring

  • Monitor and manage risks /issues related to requirements for AML screening subject areas
  • Manage scope and handle the change request requirements for AML screening subject areas 
  • Assess the business benefit and cost to facilitate the prioritization of delivery and scope. 


Testing Management

  • Lead / facilitate for compliance team / assigned testing streams for AML screening subject areas
  • Work with Test Managers and testing teams to translate business requirements into test scenarios and test cases/scripts. (This includes test scope, test cycles, test metrics/ expected results, Entry/Exit Criteria and SLA)
  • Work with country and technology stakeholders to plan and execute User Acceptance Test, together with Test Manager and Testers. 


Go-live and post implementation

  • Work with vendors and technology teams to implement the solutions and platforms.
  • Support for compliance team / assigned testing streams for AML screening subject areas.
  • Facilitate "Train the Trainer" on application enhancements for assigned
  • Lead / Support preparation, planning and monitoring of key activities to enable GC operational readiness for project implementation and post deployment activities. 
  • Partner Singapore and Overseas Compliance counterparts and Group Technology for post-live support / enhancements
    • Prioritize Change Requests enhancements and drive Change Management process in enhancing system capabilities and meeting regulatory and risk management objectives and operational effectiveness
    • Provide over-sight on systems thresholds & parameters review with key stakeholders to ensure thresholds remain fit for purpose
    • Provide systems related guidance on production queries, regulatory /internal / external audit queries to Singapore and Overseas Compliance counterpart

Job Requirements

  • Undergraduate degree in a relevant program (Banking & Finance, Computer Science, Business Information Systems or equivalent)
  • With 8 or more years’ related experience in Banking, Policies / System project delivery. Consulting and compliance/risk vendor experiences will be considered
  • Experience in Anti-Money Laundering (AML), Anti-Financial Crime (AFC) or Compliance related is a strong advantage
  • Experience in Rule Engine, Banking customer on-boarding, customer journey related will be considered
  • Experience to Banking IT systems and implementation projects
    • Experience with System Development Life Cycle and project management methodologies
    • Able to assess upstream and downstream impact from changes
    • Able to perform business analysis, business process mapping and user requirements gathering
    • Support Project management such as planning, progress tracking and reporting, risk / issues log management
  • Strong analytical skills, methodological mindsets in problem-solving
  • Good interpersonal and communication skills, to interact effectively with a diverse group of people such as business users, technical partners and vendors
  • Self-starter, able to function/perform with minimal supervision in a non-structured environment
  • Proficiency in tools such as SQL, Relational Database, Data Analytics tools and experience in Banking/ Compliance Analytical Data Management will be an added advantage
  • Ability to multi-task and complete deliverables within tight timelines

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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