Senior AML Risk & Controls Reviewer

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

2201 United Overseas Bank (Malaysia) Bhd in Kuala Lumpur is seeking a skilled risk professional to perform risk assessments and provide risk acceptance recommendations for high-risk clients. This role requires reviewing risk factors and SOW narratives, obtaining necessary approvals, and ensuring timely, accurate reviews.

You will collaborate with AML Operations, RM, CA, or SCA to finalize in-scope reviews and advise on the retention or exit of client relationships based on risk outcomes.

Qualifications

• Bachelor’s degree in Finance related discipline required.
• Minimum of 5 years of relevant experience in banking/financial services with AML/compliance/risk management exposure.
• Good analytical skills and attention to detail; proficient in MS Office; basic AML/CFT knowledge.

Responsibilities

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

Skills

Analytical skills

Microsoft Office

AML/CFT knowledge

Education

Bachelor's degree in Finance or related discipline

Tools

Excel

Word

Job description

2201 United Overseas Bank (Malaysia) Bhd in Kuala Lumpur is seeking a skilled risk professional to perform risk assessments and provide risk acceptance recommendations for high-risk clients. This role requires reviewing risk factors and SOW narratives, obtaining necessary approvals, and ensuring timely, accurate reviews.

You will collaborate with AML Operations, RM, CA, or SCA to finalize in-scope reviews and advise on the retention or exit of client relationships based on risk outcomes.