VP1, AFC Ops

uobgroup; Kuala Lumpur; On-site; MYR 48,000 - 72,000; Full time

Job summary

United Overseas Bank Limited (UOB) in Kuala Lumpur is seeking an AML/KYC professional responsible for performing KYC, collecting documents from corporate clients and ensuring AML/CFT compliance.

You will advise BU/RM on CDD requirements, escalate issues to Compliance, review KYC records, and support monthly reporting and audits.

The role involves timely completion of reviews, accurate risk assessments, and working closely with the CFS-AML/CFT team.

Responsibilities

• Perform KYC to ensure completeness and AML/CFT compliance from customer documents.
• Contact corporate clients to obtain required documents as needed.
• Advise BU/RM on Know Your Customer / Customer Due Diligence requirements.
• Escalate AML/CFT and Sanctions issues to Country Compliance.
• Review KYC/CDD and ongoing reviews done by BU/RM for QA checks.
• Ensure OGR is completed within timeline with no overdue reviews.
• Ensure CDD KYC for New-To-Bank and Existing-To-Bank customers is timely.
• Obtain necessary approvals for exceptions or deferments per guidelines.
• Prepare monthly reporting for Group CFS, Group/Country Compliance.
• After KYC, update NRD and risk rating; archive documents in EWF.
• Assist on other tasks such as projects and remediation as directed by Head of CFS-AML/CFT.

Job description

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

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.