Assistant Vice President AML Controls Reviewer

United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 80,000 - 110,000; Full time

Job summary

A leading bank in Asia is seeking an AVP, AML Controls Reviewer for Retail Banking in Kuala Lumpur. In this role, you will conduct risk assessments and provide recommendations primarily for high-risk clients. Candidates must possess at least a Bachelor's Degree in a Finance-related discipline with a minimum of 5 years of relevant experience in banking or financial services. Strong analytical skills and attention to detail are essential, along with proficiency in Microsoft Office. Join us and make a positive impact on risk management practices.

Qualifications

• Minimum of 5 years of relevant experience in banking or financial services.
• Exposure to AML, compliance, or risk management functions required.
• Professional certifications such as Certified Anti-Money Laundering Specialist are advantageous.

Responsibilities

• Conduct risk assessments and recommendations for high-risk clients.
• Review risk factors and changes in risk ratings flagged by AML Operations.
• Collaborate closely with AML Operations and teams to ensure timely completion of reviews.

Skills

Analytical skills

Attention to detail

Microsoft Office proficiency

Basic AML/CFT knowledge

Education

Bachelor's Degree in Finance related discipline

Job description

AVP, AML Controls Reviewer - Retail Banking (HQ)

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.

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.

Job Requirements

• Possess at least a Bachelor's Degree in Finance related discipline.
• Minimum of 5 years of relevant experience in the banking or financial services industry, with exposure to AML, compliance, or risk management functions.
• Good analytical skills and attention to detail, with the ability to interpret complex data and identify potential risks.
• Proficient in Microsoft Office (Excel, Word)
• Basic knowledge in AML/CFT.
• Professional certifications suchas Certified Anti-Money Laundering Specialist are advantageous.

Additional Requirements

1. Develop, Engage, Execute, Strategise

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.

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.

Job Requirements

• Possess at least a Bachelor's Degree in Finance related discipline.

• Minimum of 5 years of relevant experience in the banking or financial services industry, with exposure to AML, compliance, or risk management functions.

• Good analytical skills and attention to detail, with the ability to interpret complex data and identify potential risks.

• Proficient in Microsoft Office (Excel, Word)

• Basic knowledge in AML/CFT.

• Professional certifications suchas Certified Anti-Money Laundering Specialist are advantageous.

Additional Requirements

1. 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.

Apply now and make a Difference

Unlock job insights

Hirer responsiveness Salary match Number of applicants

United Overseas Bank ("UOB") was incorporated on 6 August 1935 as the United Chinese Bank. Founded by Datuk Wee Kheng Chiang, the Bank catered mainly to the Fujian community in its early years. The change of name was effected in 1965. Over the past 76 years, UOB has grown from strength to strength. Through a series of acquisitions, it is now a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB’s major banking subsidiaries in the region are United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Buana and United Overseas Bank (China). Today, the UOB Group has a network of over 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.

UOB (Malaysia) offers an extensive range of commercial and personal financial services through its branches, subsidiaries and associate companies: commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management, general insurance and life assurance.

United Overseas Bank ("UOB") was incorporated on 6 August 1935 as the United Chinese Bank. Founded by Datuk Wee Kheng Chiang, the Bank catered mainly to the Fujian community in its early years. The change of name was effected in 1965. Over the past 76 years, UOB has grown from strength to strength. Through a series of acquisitions, it is now a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB’s major banking subsidiaries in the region are United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Buana and United Overseas Bank (China). Today, the UOB Group has a network of over 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.

UOB (Malaysia) offers an extensive range of commercial and personal financial services through its branches, subsidiaries and associate companies: commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management, general insurance and life assurance.

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