VP, Anti-Financial Crimes Assurance

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

This is a position within the Anti-Financial Crime (AFC) Assurance team, which is part of the AFC function within Group Compliance.  The team performs control testing and assurance work over AFC areas, including AML, Sanctions, & Fraud, covering all Business lines, Group Technology and Operations, as well as Group Compliance.  

The role-holder is expected to contribute to the maintenance of the Bank's AFC control environment through being part of a team that performs regular assurance exercises.  

The role-holder is required to perform analytical procedures for review planning purposes, e.g. data analysis using Microsoft Excel to identify key trends or sample selection; perform query to extract data from data lake.

The role-holder also needs to be able to perform independent fieldwork e.g., through sampling of KYC files or other exhibits such as Transaction Monitoring alerts and raise high quality findings and commentaries.  

The role reports to the Team Manager, GC-AFC Assurance, based in Singapore, covering the Bank’s Singapore business units and support units. 

Key responsibilities

• Plan and execute assurance fieldwork tasks within the scope of Anti-Financial Crime, as assigned by the Head of AFC Assurance.  A key task would be to perform data analysis to identify key trends, select meaningful samples for testing and investigate exceptions. Fieldwork is to be undertaken in accordance with the established AFC Assurance Framework, methodologies and standards, so as to deliver consistent and high-quality issues/ reports and enhance the bank’s AFC control standards.
• Complete assigned assurance engagements on time, including discussion of identified issues with reviewing units; write concisely on the review observations, ensuring that work papers of the assigned reviews are in good order.
• Follow up and validate issues identified from the assurance engagements.  Prepare adequate documentation to support any issue closure for audit trail purposes.
• Gather data requirements from the AFC Assurance team and liaise with the dedicated data analytics team in the wider Group Compliance function on requests relating to more complex data analytical procedures.
• Support the AFC Assurance Team in the preparation of management reports and information for Senior Management and relevant committees, summarizing key activities of the AFC Assurance Team and insights from assurance engagements.
• Participate in the AFC Assurance Team’s strategic projects and initiatives as and when assigned by the Head of AFC Assurance.
   

Job Requirements

• Bachelor’s degree holder or its equivalent
• Experience in Financial Services assurance, compliance testing or audit
• Knowledge of Anti-Financial Crime processes and controls within a Financial Services context is preferred
• Prior experience in data analytics, database query and familiarity with visualization tools would be an advantage
• Good understanding of the business divisions and activities within a full-service bank
• Project management skills and familiarity with project management tools
• Communication, interpersonal and presentation skills
• Judgement and decision-making skills

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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