VP1, AFC Ops

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 60,000 - 120,000; Full time

Job summary

United Overseas Bank (Malaysia) Bhd is seeking a diligent KYC/AML professional in Kuala Lumpur to ensure completeness of client information and compliance with AML/CFT requirements. You will guide BU/RM on KYC/CDD processes and escalate any sanctions-related issues as needed.

The role includes QA of KYC/CDD reviews, ensuring timely NRD updates, and supporting on remediation projects under the Head of CFS-AML/CFT. Prior experience with KYC within banking is preferred.

Qualifications

• Perform KYC to ensure completeness and AML/CFT compliance.
• Advise BU/RM on completing KYC/CDD requirements.
• Assist in escalation of AML/CFT and Sanctions issues.
• Review Know Your Customer / Customer Due Diligence quality assurance.

Responsibilities

• Ensure OGR is completed within timeline with no overdue reviews.
• Complete CDD KYC for New-To-Bank and Existing-To-Bank within deadlines.
• Obtain approvals for exceptions or deferments per AML/CFT guidelines.
• Perform monthly reporting as required by Compliance and other parties.
• Assist on projects and remediation tasks as assigned by Head of CFS-AML/CFT.

Skills

KYC compliance

AML/CFT knowledge

CDD (Customer Due Diligence)

Document collection

Attention to detail

Tools

EWF system

Job description

About UOB

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

• Perform KYC to ensure completeness and in compliance UOBM’s AML/CFT requirement upon obtaining required documents from customers.
• Contact and follow up with corporate clients to obtain required documents as and when necessary.
• Provide advisory to BU/RM in completing their Know Your Customer / Customer Due Diligence and on information to obtain from customers to ascertain if an activity, e.g. wire payment, is suspicious.
• Assist in the escalation of Anti-Money Laundering (AML)/Countering of Terrorist Funding (CFT) and Sanctions related issues to Country Compliance.
• Review and perform quality assurance checks on Know Your Customer / Customer Due Diligence and on-going reviews completed by BU/RM.
• To ensure Scheduled Ongoing Review (OGR) is completed within timeline and ensuring that there are no overdue in review.
• To ensure CDD KYC for New-To-Bank (NTB) and Existing-To-Bank (ETB) customers is completed within tight deadline with accurate assessment.
• To ensure appropriate approvals are to be obtained for any exceptions or deferment as stipulated in UOBM’s AML/CFT guidelines.
• To perform monthly reporting as and when required by Group Client Fulfillment & Services (CFS), Group/Country Compliance and/or any other parties.
• Upon KYC completion, request to be sent to GCIF team to update Next Review Date (NRD), risk rating & archiving of all related KYC documents into EWF system.
• Assist on others tasks such as project and remediation as assigned by Head of CFS-AML/CFT where required.

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.

We value our people and invest in them as we look to fulfil our purpose of building the future of ASEAN. We seek to create a collaborative and progressive environment for them to succeed in their careers for the long term.

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