VP1, AML/CFT & Sanction Advisor, Compliance

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) seeks an experienced AML/CFT Policy Advisor to support the Team Lead in implementing the AML/CFT and sanctions framework and provide advisory on policy requirements to stakeholders. The role covers clearance of day-to-day AML/CFT matters escalated to Compliance.

The incumbent will handle advisory on policy requirements, onboarding and ongoing due diligence, and clearance decisions for high-risk customers while coordinating with BU/SU and

Qualifications

• Graduate or Post Graduate in a numerate or research discipline.
• At least 5 years of experience in financial crime compliance (fraud/sanctions/AML) or intelligence fields.
• Exposure to compliance and risk management with understanding of AML/CFT.
• Ability to manage multiple priorities with strong analytical and problem-solving capabilities.
• Able to work independently with a strong team-player presence.

Responsibilities

• Provide AML/CFT/Sanction advisory to business units on policy and guidelines.
• Advise on customer due diligence and clearance for onboarding and ongoing monitoring.
• Assess Customer Relationship Reviews and provide AML/CFT consent for actions due to adverse media or restricted relationships.
• Assess and clear High Risk Customers and PEP/PEC during onboarding or due diligence reviews for retail and corporate segments.
• Manage and respond to AML/CFT enquiries from correspondent banks.

Skills

Analytical skills

Problem solving

Independent worker

Team player

Education

Graduate or Post Graduate in numerate/research discipline

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

The position reports directly to the Team Lead, AML/CFT Policy, Advisory and Sanctions and the incumbent is assist the Team Lead in the implementation of UOBM’s Anti-Money Laundering, Counter Financing of Terrorism (AML/CFT) and Sanction Compliance framework, charter, policies, standards, programs, initiatives and activities in line with UOB Group’s strategic direction, regulatory and global standards to ensure compliance with applicable local and Group’s AML/CFT laws, rules, regulations and guidelines. The role involves providing advisory on the AML/CFT policy requirements to relevant stakeholders and providing clearance of the day to day operations of AML/CFT related matters escalated to Compliance.

The incumbent’s major job functions include:

• AML/CFT/Sanction advisory to Business / Supporting Unit on policy and guidelines requirements
• Customer due diligence advisory and clearance and recommendation: on-boarding and continuous monitoring in accordance with the policies and procedures requirements
• To assess Customer Relationship Review and provide AML/CFT consent for request/action plan submitted by BU/ SU due to adverse media, restricted relationships or questionable activities on their customers
• To assess and provide clearance on High Risk Customers and Political Exposed Persons/Corporations (PEP/PEC) during on-boarding or ongoing due diligence review, etc for retail and corporate segments
• To manage and respond to AML/CFT enquiries received from correspondent banks

Job Requirements

• Professionally qualified – Graduate or Post Graduate in a numerate or research discipline
• At least 5 years of overall experience with experience general financial crime compliance (fraud / sanctions/ anti money laundering) or intelligence experience
• Exposure to Compliance and risk management with understanding in AML/CFT
• Ability to manage multiple priorities and tasks with the skills to adapt to changes, strong analytical, and problem-solving capabilities
• Able to work both independently with strong presence as a team-player

Additional Requirements

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.

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