Assistant VP, Anti-Financial Crimes Sanctions, Group Compliance

United Overseas Bank Ltd.; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking bank as a Compliance Specialist, where you will play a vital role in ensuring regulatory compliance within a dynamic environment. This position involves collaborating with various stakeholders to develop and implement effective Sanctions controls and policies. With a commitment to fostering a strong compliance culture, you will contribute to the bank's mission of maintaining high standards in regulatory obligations. If you have a passion for compliance and a desire to make a significant impact in the financial sector, this opportunity is perfect for you.

Qualifications

• 7+ years of experience in AML/CFT/Sanction compliance function.
• Degree or professional qualification in business or banking/financial services.

Responsibilities

• Provide advice on Sanctions controls and procedures.
• Review and maintain Group Sanctions policies and procedures.
• Monitor developments in Sanctions laws and regulations.

Skills

AML/CFT compliance

Sanctions compliance

Regulatory risk assessment

Policy development

Education

Degree in business or banking/financial services

Professional qualification in relevant areas

Job description

Posting Date: 6 Mar 2025

Location: Singapore, SG

Company: United Overseas Bank Ltd

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.

About the Department

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Job Responsibilities

The successful candidate will be part of the Group Compliance, Sanctions Policy, Advisory and Training team. Key responsibilities are as follows:

1. As the subject matter expert, this individual will provide advice/collaborate with Business and AML Business Compliance officers in the development of Sanctions controls, processes and procedures to ensure risks are effectively identified and mitigated. Reference to Sanctions shall include Defence and Dual Use Goods, and Export Controls, as applicable.
2. Reviews and contributes to the maintenance of Group Sanctions policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
3. Provide consistent advice, interpretation and implementation of Group Sanctions procedure.
4. Provide key updates on Sanctions related matters to the respective business forums and committees.
5. Work alongside Business and Business Compliance Officer in the management of Sanctions controls and risk.
6. Monitors development on related Sanctions laws, regulations and risk trends.
7. Handles internal and external audits and reviews.
8. Provide support and participate in Sanctions/regulatory-related projects.
9. Provide Sanctions view in relation to name and transaction screening.
10. Partake in policy decision on list management, screening approaches and like.
11. Any other support as required by the Head of Sanctions Policy, Advisory and Training from time to time.

Job Requirements

1. Degree or professional qualification in business or banking/financial services related areas.
2. At least 7 years of relevant work experience preferably in AML/CFT/Sanction compliance function.

Be a part of 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.