KYC Ongoing Review, Private Bank

1011 United Overseas Bank Ltd; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

1011 United Overseas Bank Ltd in Singapore is seeking an AML/KYC Ongoing Review Specialist to support the UOB Private Bank Middle Office. You will perform ongoing due diligence reviews to ensure client activity aligns with regulatory requirements and private banking standards.

The role requires at least 3 years of hands-on AML experience in private banking, familiarity with MAS626 or equivalent standards, and strong office software skills.

Qualifications

• Bachelor’s degree in Finance & Banking or equivalent.
• At least 3 years AML experience in private banking (onboarding or ongoing reviews).
• Familiar with MAS626 requirements or other international AML/CFT standards

Responsibilities

• Provide quality review for periodic ongoing reviews (OGRs) in line with AML policies.
• Complete assigned OGRs within established timelines.
• Assess OGRs previously closed and determine actions.
• Provide guidance to stakeholders and handle escalations.
• Identify improvements and propose solutions.
• Participate in AML-related projects as content provider or stakeholder.
• Prepare management reporting on key operational risk items.
• Ensure no repeat review findings by Compliance or Auditors.

Skills

Multitasking

Attention to detail

Communication skills

Organizational skills

Education

Bachelor’s degree in Finance & Banking

Tools

Microsoft Office

Excel

PowerPoint

Word

Job description

Company: 1011 United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

UOB Private Bank is dedicated to managing the wealth of high-net-worth individuals with investment assets of $5 million and above. Keeping in mind our clients’ financial objectives, we provide tailored products and solutions that draw on the Group’s comprehensive suite of personal, business and investment services. The KYC Client Ongoing Review Team is a sub team of the UOB Private Bank Middle Office, which is part of the Private Bank COO Office. Members of the KYC Client Ongoing Review Team perform various roles in the ongoing due diligence of Private Banking client relationships to ensure the clients' profile and the account activities remain consistent with the purpose of a Private Banking relationship, as well as conforming to the regulatory requirements and compliance expectations with respect to the Private Banking AML business risk appetite. The KYC Client Ongoing Review Team provides guidance and partners the client facing teams to mitigate the potential AML/CFT risks as part of the client ongoing due diligence processes and performs quality control over the completed ongoing KYC reviews.

Job Responsibilities

• To provide quality review for periodic ongoing reviews (OGRs) in accordance to established UOB AML policies and PB Middle Office procedures
• To complete assigned OGRs within established timelines
• To perform independent assessment of OGRs previously closed with conditions and decide whether to conclude with unwinding of conditions or to escape with a well thought through action plan / closure strategy
• To provide prompt, concise guidance to stakeholders and handle escalations expeditiously
• To proactively identify areas of improvement and suggest viable solutions
• To participate in AML related projects as a content provider or a stakeholder
• To perform management reporting on key operational risk items
• To ensure no repeat review findings by Business Compliance, Group Compliance, Internal or External Auditors.

Job Requirements

• Ability to multitask and manage a high number of priorities in a fast-paced environment
• Strong organizational skills with excellent attention to detail
• Able to deliver the solution in an effective and timely manner
• Able to apply lateral thinking when analyzing issues or solving problems, experience in research & analysis of data and documents
• Good verbal and written communication skills, hands on and versatile
• An expert in the use of Microsoft Office applications (i.e. Excel, PowerPoint, Word)
• Team player, self-motivate and diligent towards attaining goals and effective time management
• At least 3 years of hands-on experience in the AML field (client onboarding review or ongoing periodic client review) in a Private Bank and must be familiar with the MAS626 requirements or other international AML/CFT standards
• Bachelor’s degree in any Finance & Banking or equivalent fields

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.

Company Overview

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.