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VP, Business Risk and Control Management (BRCM), Group Wholesale Banking

Posting Date:  12-Jan-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 Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Job Responsibilities

The successful candidate will be part of the Group Wholesale Banking Business Risk and Control Management (BRCM) team and the key responsibilities are as follows:

•    Work with Group Compliance on AML/CFT/Sanction matters and initiatives (ie. policies, guidelines, framework, training, annual compliance plans, etc)
•    Assist to provide guidance, training and support to the business units within Group Wholesale Banking and represent BRCM on AML projects and working groups
•    Proactively identify areas for improvements and assist to implement/enhance procedures, processes, internal controls to strengthen the first line.
•    Provide necessary support to the BU and challenging the results where necessary pertaining to the Enterprise Wide Risk Assessment.  
•    Support and assist in compliance incidents and complaints, and assist Group Compliance/CFS or Business Unit (BU) with carrying out further investigations as appropriate
•    Support BU in ensuring adherence to the Group AML/CFT/Sanctions policy, guidelines and directives: 
o    (a) -Work with BU on ML/TF Sanctions audit issues, where necessary
o    (b) Support stakeholders to address potential issues / gaps identified from the ongoing monitoring process
o    (c) Support GWB in regulatory inspection on AML/CFT/Sanctions matters
•    Escalate product or process issues that pose ML/TF/Sanctions risk to Group Compliance in accordance with the Group escalation protocols
•    Work with Business Unit partners in Commercial Banking and Corporate & Institutional Banking to address AML/CFT/Sanction issues and streamline the review process to drive business efficiency and participate in AML projects and contribute to these projects
•    To identify and work with BU/GWB Data Analytics on system initiatives to increase operational efficiencies
•    Assist to manage and co-ordinate with BU/SU where necessary, internal and external audits including regulatory inspections and to follow up on any issues raised and satisfactorily closed.
•    Assist manager on non-AML matters (including operational risks and controls, risk culture, conduct risk and Personal Data Protection) 
•    Work with other BRCM Officers on risk and control matters related to the overseas banking subsidiaries and branches


Job Requirements

  • Degree or professional qualification in business or banking/financial services related areas
  • Has minimum 5 years of relevant work experience preferably in AML/CFT/Sanction compliance function in a financial institution, preferably in a corporate banking/wholesale banking environment
  • Excellent research skill including experience with online research tools and databases
  • Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems
  • Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team
  • A team player, strong interpersonal, communication and presentation skills
  • Possesses good analytical and problem-solving skills
  • Able to work on multiple assignments and project management skills
  • Self-driven, meticulous and able to operate expeditiously
  • Knowledge in the application of digitalisation, technologies and data analytics would be a clear advantage.
  • Having a professional AML-related certification is an advantage

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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