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VP, Inv & Intel - Complex Investigations, Group Compliance

Posting Date:  12-Nov-2022

Raffles Place, Singapore, SG

Company:  United Overseas Bank Limited

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.

Job Responsibilities

Complex investigations
•    Review and investigate complex cases arising from the bank’s various AFC surveillance sources/systems/models and liaise with the relevant stakeholders (e.g., BUs) for necessary follow-up actions
–    Customise approach for assigned cases, extract relevant data/intelligence from various internal and external sources (e.g., bank systems, commercial databases, etc.), and conduct self-directed analysis
–    Follow-up with necessary points of contact to identify additional information to investigate cases
–    Assess the merits of consolidated evidence and formulate initial recommendations (e.g., STR filing, account closure, freezing of funds, exit etc.)
–    Capture investigative findings in comprehensive, easy-to-digest documents and reports
–    Consult with Senior Reviewer throughout the investigative process and when required, escalate cases to Senior Reviewer for feedback/guidance
•    As and when required, support the investigation/resolution/remediation of other cases or alerts which may arise from various internal or external surveillance systems/sources/models 
•    Collate and provide feedback to the Analytics team on the usefulness and effectiveness of Analytical model outputs as a model user and from the perspective of complex investigations
•    Support regulatory reporting by ensuring all complex investigations are concluded adequately and documented appropriately


Intelligence and research
•    Keep abreast of the latest regulations and trends in AFC and investigative techniques 
•    Support Senior Reviewers in documenting best practices and emerging intelligence on AFC trends and evolution, including emerging AFC/AML typologies in corridors or areas where UOB has a presence


Other responsibilities
•    Support user acceptance testing for AFC models developed/acquired by the bank and provide robust feedback from an end-user perspective to the relevant teams on model performance
•    Work to identify pattens and behaviours for wider intelligence-led thematic investigations 
•    Identify inefficiencies in current investigative processes and provide feedback to Senior Reviewers to drive operational excellency within complex investigations team 
•    Support the refinement of complex investigative processes based on new typologies/red flags or new business requirements or feedback received from relevant stakeholders such as the business and Group Compliance

Job Requirements

•    7 to 10 years of experience in an anti-financial crime role or in law enforcement, forensic accountancy, compliance, audit, or similar fields where investigative skills and approaches are employed
•    Demonstrable experience in conducting self-directed analysis and investigative work 
•    Ability to exercise strong analytical and problem-solving skills, considerable intellectual curiosity, judgment and critical thinking in scenarios that are complex and highly sensitive
•    Ability to work under tight deadlines, make sound/well-reasoned recommendations backed by evidence, and be proactive and self-driven
•    Ability to work well as part of a large, high-performing team
•    Proficiency in investigating and assessing complex financial data as well as business structures and transaction flows, including using tools like MS Excel, Power BI, or other financial analysis tools
•    Deep understanding of the banking industry or segments within it (e.g., wholesale or commercial banking) is a big plus 
•    Diploma/degree in Finance, Business or any related field
•    Certification as a Money Laundering Specialist (ACAMS) or a Diploma in AML with International Compliance Association is a big plus

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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