Senior VP, Anti-Financial Crimes (AFC) Advisory, Group Compliance

Job Title: SVP, Anti-Financial Crime (AFC) Advisory, Group Compliance

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, Thailand and Vietnam, 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

Part of the AFC Advisory Team supporting UOB’s overseas entities with AFC matters. Reporting to the Head of Overseas Compliance Mgmt (OCM) within Group Compliance

Team strategy

• Lead a team of AFC Advisory within OCM in the development of an overall strategy for AFC compliance engagement with overseas entities in order to ensure AFC standards and requirements are implemented to a high standard and consistent throughout the UOB Group and that overseas entities have the required support on AFC matters

Advisory

• Acts as a subject matter expert within GC on financial crime frameworks within overseas entities Builds strong partnerships with overseas local compliance and Line 1 teams in order to ensure strong connectivity between Head Office and overseas entities in relation to AFC matters
• Manages the protocol for engagement with overseas entities on new regulatory frameworks and internal policies, supporting overseas compliance teams in implementing an effective control framework Manages the flow of AFC-related escalations, ensuring that responses are provided by the team in a timely manner and that key stakeholders are engaged as necessary
• Provides recommendations for AFC-related escalations from overseas entities and liaises with AFC subject matter experts and the Head of OCM within GC where necessary in this process
• Ensures issues encountered by overseas entities are socialized throughout the different entities and that remediation efforts by overseas entities are properly tracked. Escalates deficiencies with remediation efforts to the Head of OCM where necessary

Management Information (MI)

• Develops metrics and management reporting for Senior Management on overseas AFC operations and frameworks Supports the Head of OCM where necessary with the preparation of materials for committees and Senior Management in relation to overseas AFC operations and frameworks

Job Requirements

• Bachelors degree holder (with major in Accounting, Business Administration, Economics, Finance or Law, or equivalent qualification preferred)
• 8-10 years of experience in the financial industry with a specific focus on financial crime
• Excellent knowledge of anti-financial crime processes and controls within a financial services context
• Good understanding of Line 1 business divisions and activities within a full-service bank
• Understanding of relevant financial crime and broader financial services regulatory landscape
• Team and stakeholder management experience
• Knowledge of local financial crime regulatory frameworks within SEA valued
• Additional SEA language skills a plus
• Project management skills and familiarity with project management tools