Manager, Financial Crime Investigations, Group Wholesale Banking

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

Banking Operations (Wholesale) - Client Fulfillment and Services is responsible for activities related to the operational groups that support the revenue generating business lines of the firm. The Corporate and Commercial Banking Operations function is responsible for the operational support to the Corporate and Commercial Banking business areas and/or products, including transaction banking. Responsibilities may include general account operations, loan closing, loan documentation & processing, and other related activities. The Account Operations focus specializes in account-related operations, inclusive of account opening and account closing within the respective business area.

Job Responsibilities

The selected candidate will be assigned to the AML Investigations Team (“the Team”) whereby its key responsibility is to conduct investigation / reviews on customers’ profiles and transactions in relation to financial crime risks. This includes detecting anomalous transactions and providing recommendations on appropriate account strategies to mitigate the AML/CFT risks which have been identified. At times, the Team may also provide advisory support and guidance to the Business Units (“BUs”) in compliance with the Bank’s AML/CFT Procedures and other legislative requirements.

The role entails:

• Performing account / transaction reviews upon financial crime trigger events, which may include MAS enquiries, Group Compliance (“GC”) triggered reviews, account closures notifications by other Business Segments, filing of STRs, adverse news, fraud, Sanctions, Greylist reviews, etc;
• Reaching out to Relationship Managers (“RMs”)/BUs to obtain clarification and supporting documents to corroborate the sampled transactions;
• Providing recommendations on appropriate account strategies (retain / exit / file UAR / impose Hold Codes, etc) to mitigate identified AML/CFT concerns;
• Crafting detailed investigation memos to capture the findings and recommendations upon completion of the reviews;
• Assisting BUs to respond to various enquiries, which may originate from the local authorities or from correspondent banks, over clients which may pose AML/CFT concerns;
• Maintaining registers and trackers to track the performance of the team;
• Providing regular statistics and presentations for updating to Senior Management;
• Participating in ad-hoc assignments and projects, eg. Audit, User Acceptance Testing etc when required;
• Providing advisory support to the BUs in AML/CFT-related matters.

Job Requirements

The ideal candidate should possess the following qualities:

• Degree / Diploma Holder;
• Relevant qualifications from ICA / ACAMS is preferred;
• Prior working experience in investigations, either within the Banking Industry or in law enforcement;
• Emotionally mature and able to communicate maturely and independently with various stakeholders within the Bank;
• Comfortable with handling data, and able to perform functions on Excel, such as Vlookup, Pivoting and generating various graphs / charts, etc;
• Attentive to details with a strong sense of responsibility in performing investigations and submitting reports on a timely basis;
• Able to think and work independently with minimal supervision and provide sound analysis when performing investigations;
• Good team player and willing to assist colleagues as and when the need arises.

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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