Assistant VP, Operations & Surveillance, Group Compliance

UNITED OVERSEAS BANK LIMITED; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A leading financial institution in Singapore is looking for experienced professionals in AML compliance. The role involves ensuring compliance reviews for alerts from the transaction monitoring system, preparing reports for authorities, and advising on risk trends. Candidates should have at least 5 years of experience in intelligence or investigation-related work, a strong understanding of banking regulations, and excellent analytical skills. Join a team dedicated to advancing compliance and risk management efforts.

Qualifications

• Minimum 5 years of experience in intelligence/investigation related work.
• Good knowledge of banking and financial services laws and regulations.
• Strong interpersonal, communication, and presentation skills.
• Excellent analytical and problem-solving skills.

Responsibilities

• Ensure compliance reviews for alerts generated by AML systems.
• Submit suspicious activity reports to authorities.
• Advise business units on findings from investigations.
• Analyze suspicious transaction reports for risk trends.
• Maintain proper documentation of investigations.

Skills

Due Diligence

Regulatory Compliance

Investigation

Enforcement

Surveillance

Compliance

Banking

AML

Regulatory Requirements

Financial Services

Job description

Roles & Responsibilities

Job Responsibilities

• Ensure reviews into the alerts triggered by Group approved AML transaction monitoring system(s), escalations on suspicious AML / CFT activities from business / support units and cases arising from other relevant sources (e.g adverse news in media) are in accordance to Group standards.
• Prepare and submit suspicious activity / transactions reports to the relevant local law enforcement authorities or Financial Intelligence Units in accordance to AML / CFT legislative and regulatory requirements and Group standards.
• Provide relevant advisories to business / support units and other AML / CFT teams on matters arising from reviews and investigations conducted by the unit.
• Perform analysis of suspicious activity / transaction reports to identify AML / CFT risk trends to support appropriate actions to strengthen AML / CFT controls in the Group.
• Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards.
• Provide inputs and support to strengthen the transaction surveillance and intelligence operating framework and procedures across the Group.
• Other ad-hoc duties as assigned

Job Requirements

1. Minimum 5 years of experience in intelligence / investigation related work.
2. Good knowledge / understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems.
3. Strong Interpersonal, communication and presentation skills.
4. Experience intelligence / investigation-related work.
5. Excellent analytical and problem-solving skills.

Tell employers what skills you have

• Due Diligence
• Regulatory Compliance
• Investigation
• Enforcement
• Surveillance
• Compliance
• Banking
• AML
• Regulatory Requirements
• Financial Services