FVP, Head of KYC Review | Singapore, SG

United Overseas Bank; Singapore; On-site; SGD 60,000 - 85,000; Full time

Job summary

A leading bank in Asia is seeking a team leader to manage KYC compliance for Private Banking clients. The role involves leading a team to review client profiles, managing onboarding processes, and liaising with client advisors. Applicants should possess a bachelor's degree in Banking & Finance and have experience in compliance roles. Strong problem-solving and communication skills are essential. Join a dynamic team and make a difference in client onboarding.

Qualifications

• Experience in compliance and KYC processes.
• Ability to manage a team and prioritize workloads.
• Strong communication skills with stakeholders.
• Proven problem-solving skills.

Responsibilities

• Lead team to ensure compliance with KYC requirements.
• Manage onboarding cases to reduce KYC review time.
• Liaise with Senior Client Advisors on submissions.
• Act as Subject Matter Expert on compliance topics.
• Identify areas for improvement in client onboarding.

Education

University-Bachelor - Banking & Finance

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

• Lead and manage a team of 6 - 7 staff to review Private Banking clients' account opening KYC profile for adequacy and compliance with policy requirements and regulatory expectations.
  • Due diligence performed by the team includes review of clients' journey to wealth, the purpose of opening PB accounts (including wealth management structures), source of wealth (SOW) corroboration & plausibility, reasonableness of CRS declaration vis-à-vis client's profile, eligibility of accredited investor (AI) status and name screening.
  • The team will liaise with Senior Client Advisors (SCA) and their Assistants (CAA) to complete the required client profiling i.e., SOW corroboration with the supporting evidence, plausibility of the wealth accumulation journey, source of funds (SOF), supporting documents for AI status etc.
  • The team will provide prompt, concise guidance to SCA for proper completion of client profiling and handle escalations expeditiously

• Perform active workload management and prioritization of onboarding cases to reduce KYC review median time.

• Liaise and communicate with key stakeholders e.g., Market Heads, Senior Team Leads on quality of case submissions, and timeliness of follow-ups by SCA.

• Assume the role of Subject Matter Expert for system enhancement project or AML related topics e.g., periodic review of clients' acceptance policy.

• Collaborate with other teams in the PB Chief Operating Office to deliver consistent best in class client onboarding experience to our clients.

• Proactively identify areas of improvement and provide viable solutions.

• Ensure no repeat review findings by Group Compliance, Internal or External Auditors.

Additional Requirements

Compliance (Inactive), University-Bachelor - Banking & Finance

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.

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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 territori...

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