Assistant VP, Transaction Surveillance Team, Group Compliance

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. Our history spans more than 80 years, and we are guided by our values – Honorable, Enterprising, United and Committed.

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 fulfills its regulatory obligations in today’s tight and dynamic regulatory landscape.

Job Responsibilities

1. Ensure timely review of alerts from Group approved AML transaction monitoring system(s) and escalations on suspicious AML/CFT activities.
2. Ensure timely submission of suspicious activity/transactions reports to relevant authorities as required by AML/CFT legislative and regulatory requirements.
3. Support the Team Lead of Transaction Surveillance Team in strengthening and developing the transaction surveillance and intelligence framework.
4. Provide analysis of suspicious activity/transactions reports submitted.

Key Responsibilities

1. Ensure reviews into alerts triggered by the Group approved AML transaction monitoring system(s) are in accordance with Group standards.
2. Prepare and submit suspicious activity/transactions reports to relevant authorities in accordance with AML/CFT legislative and regulatory requirements.
3. Provide relevant advisories to business/support units on matters arising from reviews and investigations.
4. Perform analysis of suspicious activity/transaction reports to identify AML/CFT risk trends.
5. Ensure proper documentation and record keeping of reviews and investigation cases.
6. Provide inputs and support to strengthen the transaction surveillance and intelligence operating framework.

Job Requirements

1. Minimum 5 years of experience in intelligence/investigation related work, preferably with prior experience in handling reviews of corporate accounts.
2. Good knowledge/understanding of banking and financial services laws and regulations.
3. Strong interpersonal, communication, and presentation skills.
4. Excellent analytical and problem-solving skills.

Be a part of UOB Family

UOB is an equal opportunity employer. All employment decisions at UOB are based on business needs, job requirements, and qualifications. If you require any assistance or accommodations for the recruitment process, please inform us when you submit your online application.