SVP, Fraud, Bribery & Compliance Advisor

United Overseas Bank; Kuala Lumpur; On-site; MYR 180,000 - 250,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is searching for a Senior Vice President, Fraud, Bribery & Compliance Advisor. This role includes managing Fraud and Anti-Bribery & Corruption (ABC) risks across the bank, developing compliance strategies, and overseeing team performance. Ideal candidates should have 8-10 years of experience in the financial sector along with a Bachelor's degree and strong project management skills. The position offers an opportunity to influence compliance policies and engage with senior stakeholders.

Qualifications

• 8-10 years of experience in the financial industry.
• Understanding of banking industry and regulatory landscape.
• Experience with compliance policy writing in finance.

Responsibilities

• Manage overall Fraud & ABC risks.
• Develop strategy for Fraud / ABC compliance.
• Monitor capacity and manage team performance.

Skills

Knowledge of financial crime

Project management skills

Stakeholder engagement

Risk management understanding

Education

Bachelor's degree

MBA or Master's in Business

Job description

SVP, Fraud, Bribery & Compliance Advisor

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

Overview of Role

Supporting the Head of AFC to manage the overall Fraud & ABC risks of UOB through both setting the strategic direction and operational execution. Reporting to Head of AFC

Responsibilities and activities

Strategic leadership

• Develops an overall strategy for Fraud / ABC compliance in order to ensure Fraud & ABC standards and requirements are implemented to a high standard throughout the UOB Group
• Acts as subject matter expert on all Fraud and ABC compliance related topics impacting UOB.
• Provides final recommendations for Fraud / ABC compliance related escalations from business & support units
• Builds strong partnerships with key Line 1 and 2 stakeholders (particularly in private and wholesale banking)

Advisory

• Provides final recommendations for Fraud / ABC compliance related escalations from business & support units
• Builds strong partnerships with key Line 1 and 2 stakeholders (particularly in private and wholesale banking)

Policies/procedures and training

• Design and implement the Line 2 compliance framework for Fraud and ABC
• Oversees and owns policies relating to Fraud and ABC compliance, supporting business units in the implementation of an effective control framework
• Defines and owns procedures for the Fraud and ABC compliance team to ensure that Fraud / ABC compliance activities are conducted with robust processes that ensure sufficient support to business & support units on Fraud and ABC issues
• Defines strategy and oversees delivery of training on Fraud and ABC policy requirements and Fraud and ABC compliance related initiatives
• Maintains relevant training material on Fraud and ABC compliance and updates material to accommodate new risks and regulatory requirements

Senior Management engagement

• Reviews and summarizes to Senior Management and relevant Committees any Fraud and ABC compliance issues/matters that are significant/strategically important
• Oversees metrics and management reporting to relevant Senior Management on Fraud and ABC team operations and risk management

Team and capacity management

• Monitors capacity and identifies skills/knowledge gaps to ensure the Team has the required training, skills, experience and capacity
• Manages the Team(s), including defining individual roles/responsibilities/goals; hiring; promotions; performance reviews etc. Ensures staff concerns are addressed and team members are given career advancement opportunities in order to maintain high morale and limit attrition

Job Requirements

• Bachelors degree holder or relevant professional qualification
• MBA or Master's degree in Business, Accounting, Legal or related field preferred
• 8-10 years of experience in the financial industry with a specific focus on financial crime and some exposure to Fraud and/or ABC risks / compliance issues
• Understanding of banking industry, esp. private and wholesale banking products
• Understanding of regulatory landscape and industry practices relating to Fraud and/or ABC risks / compliance issues
• Experience writing, owning and operationalizing compliance policies in a financial services/banking context
• Broad understanding of risk management, compliance and corporate governance issues
• Project management skills and familiarity with project management tools
• Experience engaging with multiple stakeholders at all levels of seniority, including Senior Management, both in Line 1 business teams and internal control teams
• Experience working directly with regulators preferred

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.

Apply now and make a Difference

Be careful - Don’t provide your bank or credit card details when applying for jobs. Don't transfer any money or complete suspicious online surveys. If you see something suspicious, report this job ad.