VP, Name Screening Team Lead

UOB; Selayang Municipal Council; On-site; MYR 100,000 - 150,000; Full time

Job summary

An established industry player is seeking motivated individuals to join their innovative team. This role offers the chance to work on critical Group initiatives, focusing on AML compliance and KYC processes. You will engage in vital investigations, ensuring adherence to regulatory standards while collaborating with diverse stakeholders. The position promises exciting career progression and the opportunity to contribute to trusted financial solutions that drive business growth. If you are passionate about compliance and ready to make an impact, this is the perfect opportunity for you.

Qualifications

• 3-5 years of experience in AML compliance within the financial industry.
• Knowledge of AML and KYC regulations and tools.

Responsibilities

• Review screening and transaction monitoring alerts per AML policy.
• Conduct in-depth investigations into potential AML/CFT risks.

Skills

Analytical Skills

Problem-Solving Skills

Critical Thinking

Interpersonal Skills

Communication Skills

Education

Bachelor's Degree in Finance or related field

Tools

Detica

Refinitiv

Job description

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. UOB's purpose is to build the future of ASEAN. Our purpose guides The UOB Way – that defines our unique culture and belief system, anchored on our values of being Honourable, Enterprising, United and Committed, and our people philosophy of Care, Growth and Trust.

About The Department

UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.

As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enable business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.

Job Description

1. Review screening and transaction monitoring alerts in line with AML policy
2. Escalate concerns relating to screening alerts in line with KYC Name Screening Procedure
3. Ensure timely review of name screening alerts from Bank approved AML transaction monitoring system(s), escalations on suspicious AML/CFT activities from business/support units and cases arising from other relevant sources (e.g., adverse news in media).
4. Conduct in-depth investigations into assigned cases that pose potential AML/CFT risks
5. Communicate effectively with relevant stakeholders for the purpose of conducting AML investigations
6. Conduct customer due diligence, review KYC documents, complete risk assessment and escalate cases to compliance as appropriate
7. Review KYC information in documents of clients in accordance with the Bank’s AML/KYC standards
8. Co-ordinate and liaise with relevant stakeholders for timely completion of corrective feedback from approver/Head of KYC/Compliance
9. Effectively manage alerts to ensure no cases are overdue

Key Responsibilities

1. Assist in the AML risk assessment and review of alerts
2. Perform analysis of suspicious activity/transaction reports to identify AML/CFT risk trends to support appropriate actions
3. Ensure proper documentation and record keeping of reviews and investigation cases in accordance with Group standards.
4. Provide inputs and support to strengthen the alerts surveillance and intelligence operating framework and procedures across the Bank.
5. Management of portfolio flow and ensure no overdue
6. Process review and implementation where change of Bank policy
7. Perform quality control functions, training, communications, guidance, monitoring developments/enhancements input and testing

Requirements

1. Minimum 3-5 years of experience in intelligence/investigation related work in AML compliance function within the financial industry
2. Knowledge of AML and KYC regulations and KYC Screening tools such as Detica, Refinitiv is preferred
3. Critical thinking, excellent analytical and problem-solving skills
4. Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems
5. Strong interpersonal, communication and presentation skills
6. A self-starter who must be able to work under minimal supervision, have a sense of urgency and be proactive in dealing with day-to-day tasks