VP1, Transactions Surveillance Analyst (Level 3), Compliance

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

Job summary

2201 United Overseas Bank (Malaysia) Bhd is seeking an experienced AML/CFT Transaction Surveillance professional to mitigate financial crime risk within the bank. You will review and investigate cases, coordinate with branches and units, and prepare reports for regulatory submission.

The role reports to the Team Lead and requires deep knowledge of AML/CFT, sanctions and financial crime compliance, with strong investigative and stakeholder-management skills.

Qualifications

• Professionally qualified with numerate/research background.
• Minimum 7 years in financial crime compliance or intelligence.
• Strong AML/CFT, risk management and stakeholder communication skills.

Responsibilities

• Review and investigate financial crime cases to mitigate risk.
• Assess cases triggered by systems or law enforcement to identify AML/CTF risks.
• Coordinate with branches and units to gather information for decision making.
• Prepare investigation reports and maintain proper documentation.
• Submit STRs and ensure filings comply with Bank Negara Malaysia requirements.

Skills

Financial crime

AML/CFT

Investigation

Stakeholder management

Communication skills

Education

Bachelor's degree or higher in a numerate or research discipline

Job description

Company: 2201 United Overseas Bank (Malaysia) Bhd

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 Transaction Surveillance Team. The incumbent is responsible to mitigate potential financial crime risks that poses to the Bank according to the regulations and internal policies.

• Review and investigate cases pertaining to financial crime risk
• Review and investigate cases triggered by system, internal escalations, law enforcement agencies’ orders etc. to identify potential money laundering / terrorism financing or other unusual account activities.
• Effective communication with branch/business unit/support unit to collate information in support of decision making.
• Prepare investigation report and maintain proper documentation/records.
• Submission of investigation report to the national financial intelligence unit.
• Ensure potential money laundering and counter financing of terrorism risks that have been obtained are timely executed and efficiently reported
• To review and evaluate all Questionable Activity Report (QAR).
• To determine on whether QAR has merit and should be reported to Financial Intelligence and Enforcement Department, Bank Negara Malaysia or not.
• Submit STR within the agreed timeline to Financial Intelligence and Enforcement Department, Bank Negara Malaysia and ensure proper filings are in compliance with the Bank’s standard requirement.

Quality Assurance

• Ensuring the team’s overall Quality is up to standard.
• Effective communication with analyst on errors and follow up rectification.
• Conduct Training/sharing session and highlight significant issues, gaps and typologies.
• Supporting Team Lead on team monitoring Managing/mentoring the analysts by ensuring they are meeting productivity and quality.
• Ensuring the overall team’s SLA are not breached.
• Assist on process enhancement/improvements to ensure team can work on an optimum level.

Job Requirements

Professionally qualified – Graduate or Post Graduate in a numerate or research discipline. At least 7 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 deep understanding in AML/CFT will be an added advantage. Possesses Business Intelligence / Financial Crime Intelligence / Corporate Intelligence / Forensic. Professional, highly adept at investigation. Excellent stakeholder management skills. Excellent written and spoken communication skills. Able to work independently as well as in a team.

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