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Senior VP / First VP, Head of AML Compliance Operations, Personal Financial Services

Posting Date:  10-Nov-2021

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 Retail function provides Personal and Business Banking customers with financial solutions tailored to their needs. We help them manage their money wisely and meet their financial goals through an extensive range of products and services. These include deposit, insurance, secured and unsecured loans, investment and wealth advisory services.


Personal Financial Services

We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations.

Job Responsibilities

•    Oversee and lead Team to manage the day to day AML (Anti-Money Laundering) compliance operations covering Name Screenings, Ongoing Reviews, post-Suspicious Report Transaction reviews and FATCA/CRS reviews.
•    Review compliance controls in relation to new products/services and including the implementation and operationalization of the Compliance Policies and Procedures.
•    Establish, review and update SOPs, processes and guidelines for effective controls that are efficient and meet regulatory best practices and industry standards.
•    Resolve and assess risks when business decisions are made and provide sound coherent and consistent recommendation to Senior Management.
•    Close work collaboration with Sales and Distribution on AML matters.
•    Liaise and resolve regulatory concerns with Compliance, Audit and Regulators, and including coordinating related inspections.
•    Participate in AML related transformation projects.

Job Requirements

•    10 years of relevant experience in AML (for Retail Banking customers).
•    Extensive knowledge of MAS regulatory requirements.
•    Hands-on and experienced leader who motivates and develops people to maximize their potential.
•    Good communication and presentation skills.
•    Good analytical capability with high attention to details.
•    Able to translate Policy/Procedure changes to process and execution changes to be performed by the Team.

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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