AML Controls Analyst, ACG

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 67,000 - 134,000; Full time

Job summary

2201 United Overseas Bank (Malaysia) Bhd is seeking a risk reviewer to conduct risk assessments for high-risk clients, review risk factors, and ensure proper approvals are obtained. The role includes evaluating client backgrounds, SOW narratives, and collaborating with AML Operations, RM, CA, or SCA to complete reviews.

Responsibilities also include updating SOW narratives and providing recommendations on retaining or exiting client relationships based on risk outcomes.

Responsibilities

• Conduct risk assessments and provide risk acceptance recommendations for high-risk clients, following pre-assessments by AML Operations / branch operations / RM / CA / SCA.
• Review risk factors and changes in risk ratings flagged by AML Operations / branch operations / CA / SCA.
• Ensure all necessary approvals are obtained to complete the review process.
• Assess the client’s background, including Source of Wealth (SOW) write-up and corroboration from AML Operations, CA, or SCA.
• Update or revise the SOW narrative based on latest information and documentation.
• Collaborate with AML Operations, RM, CA, or SCA teams to ensure timely and accurate completion of in-scope reviews.
• Provide business recommendations on retaining or exiting client relationships based on risk review outcomes.

Job description

Company

2201 United Overseas Bank (Malaysia) Bhd

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. We value our people and invest in them as we look to fulfil our purpose of building the future of ASEAN. We seek to create a collaborative and progressive environment for them to succeed in their careers for the long term.

Job Description

• Conduct risk assessments and provide risk acceptance recommendations, primarily for high-risk clients within the client group, following initial pre-assessments by AML Operations / branch operations / Relationship Manager (RM) / Customer Advisory (CA), or Senior Customer Advisory (SCA).
• Review risk factors and changes in risk ratings flagged by AML Operations / branch operations / CA / SCA.
• Ensure appropriate approvals are obtained to complete the review process.
• Assess the client’s background, including the Source of Wealth (SOW) write-up and any corroboration provided by AML Operations, CA, or SCA.
• Update or revise the SOW narrative based on the latest available information and supporting documentation.
• Collaborate closely with AML Operations, RM, CA, or SCA teams to ensure timely and accurate completion of in-scope reviews.
• Provide business recommendation if to retain or exit client relationships based on the outcome of the risk review.

Additional Requirements

Develop, Engage, Execute, Strategise Be a Part of the 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.

UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings.

With a global network of 500 branches and offices across 19 countries 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 throughout the region.

Career Site: UOB Career site