MGR, AML/CFT & Sanction Advisor, Compliance

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 90,000 - 130,000; Full time

Job summary

2201 United Overseas Bank (Malaysia) Bhd is seeking an AML/CFT Compliance professional to support the Team Lead in implementing the bank's AML/CFT and sanctions framework in line with regulatory standards.

The role includes advising on policy requirements, clearing day-to-day AML/CFT matters, and ensuring governance through accurate reporting and system maintenance. Strong analytical and stakeholder management skills are essential.

Qualifications

• Graduate or Postgraduate in a numerate or research discipline.
• 3-5 years of overall experience with experience general financial crime compliance (fraud / sanctions/ anti money laundering) or intelligence experience.
• Exposure to Compliance and risk management with deep understanding in AML/CFT will be an added advantage.
• Possesses Business Intelligence / Financial Crime Intelligence / Corporate Intelligence / Forensic.
• Professional, highly adept at problem-solving, conflict resolution and negotiation.
• Excellent stakeholder management skills.
• Excellent written and spoken communication skills.
• Able to work independently as well as in a team.

Responsibilities

• Policy Formulation Review and map AML/CFT/Sanction policy against Group and regulatory requirements to ensure full implementation
• Enhance UOBM AML/CFT Guidelines in accordance to Policy and regulatory expectations
• Oversight on BSU AML/CFT procedures to be in compliance with policy and regulatory requirements
• Provide clarity to BSU to meet AML/CFT/ Sanction expectations and requirements
• Advisory AML/CFT/Sanction advisory to BSU on policy and guidelines requirements
• Customer due diligence advisory and clearance and recommendation: onboarding and continuous monitoring
• Trade sanction monitoring and clearance including database management and filtration criteria
• AML/CFT risk exposure assessment for new product onboarding and new regulatory requirements affecting existing products including annual review
• Governance Provide accurate and timely reporting for senior management.
• Maintenance of AML/CFT System management and internal database.
• Day-to-Day Clearance of AML/CFT Cases To assess the Customer Relationship Review and provide AML/CFT consent for request/action plan submitted by BU/ SU due to adverse media, restricted relationships or questionable activities on their customers.
• To assess and provide clearance on High Risk Customers and PEP/PEC during onboarding or ongoing due diligence review, etc.
• Sanctions To assess and provide clearance for transactions involving sanctioned entities or countries based on applicable sanction laws (i.e. OFAC, EU, UN etc.).
• To keep abreast of the latest sanctions trends and provide updates to BSU on changes to sanctions requirements and ensure implementation.

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.

Job Description

The position reports directly to the Team Lead, AML/CFT Policy, Advisory and Sanctions and the incumbent is to assist the Team Lead in the implementation of UOBM’s Anti-Money Laundering, Counter Financing of Terrorism (AML/CFT) and Sanction Compliance framework, charter, policies, standards, programs, initiatives and activities in line with UOB Group’s strategic direction, regulatory and global standards to ensure compliance with applicable local and Group’s AML/CFT laws, rules, regulations and guidelines.

The role involves providing advisory on the AML/CFT policy requirements to relevant stakeholders and providing clearance of the day-to-day operations of AML/CFT related matters escalated to Compliance.

The incumbent’s major job functions include:

• Policy Formulation Review and map AML/CFT/Sanction policy against Group and regulatory requirements to ensure full implementation
• Enhance UOBM AML/CFT Guidelines in accordance to Policy and regulatory expectations
• Oversight on Business/Support Units (BSU) AML/CFT procedures to be in compliance with UOBM Policy and regulatory requirements
• Provide clarity to BSU to meet AML/CFT/ Sanction expectations and requirements.
• Advisory AML/CFT/Sanction advisory to BSU on policy and guidelines requirements
• Customer due diligence advisory and clearance and recommendation: on-boarding and continuous monitoring
• Trade sanction monitoring and clearance including database management and filtration criteria
• AML/CFT risk exposure assessment for new product on-boarding and new regulatory requirements affecting existing products including annual review
• Governance Provide accurate and timely reporting for senior management.
• Maintenance of AML/CFT System management and internal database.
• Day-to-Day Clearance of AML/CFT Cases To assess the Customer Relationship Review and provide AML/CFT consent for request/action plan submitted by BU/ SU due to adverse media, restricted relationships or questionable activities on their customers.
• To assess and provide clearance on High Risk Customers and Political Exposed Persons/Corporations (PEP/PEC) during on-boarding or ongoing due diligence review, etc.
• Sanctions To assess and provide clearance for transactions involving sanctioned entities or countries based on applicable sanction laws (i.e. OFAC, EU, UN etc.).
• To keep abreast of the latest sanctions trends and provide updates to BSU on changes to sanctions requirements and ensure implementation.

Job Requirements

Professionally qualified – Graduate or Postgraduate in a numerate or research discipline.

At least 3-5 years of overall experience with experience general financial crime compliance (fraud / sanctions/ anti money laundering) or intelligence experience.

Exposure to Compliance and risk management with deep understanding in AML/CFT will be an added advantage.

Possesses Business Intelligence / Financial Crime Intelligence / Corporate Intelligence / Forensic.

Professional, highly adept at problem-solving, conflict resolution and negotiation.

Excellent stakeholder management skills.

Excellent written and spoken communication skills.

Able to work independently as well as in a team.

Additional Requirements

Develop, Engage, Execute, Strategise.

Be a Part of the UOB Family.

Equal Opportunity

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.

Company Recognition

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