Senior VP AML Advisory & Regulatory Risk

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 180,000 - 280,000; Full time

Job summary

1011 United Overseas Bank Ltd in Singapore is seeking a seasoned AML/CFT expert to strengthen governance, controls and risk reporting across AML/CFT, sanctions and fraud. The role involves designing dashboards and key risk indicators to provide impact analysis, advisory and recommendations to business units for policy implementation.

You will lead the AML Advisory team, translate risk indicators into effective controls, and collaborate with business units to operationalize policy changes,

Qualifications

• Proficient in the Group AML/CFT policies and regulatory requirement.
• Lead the AML Advisory team to effectively advise business on AML matters and deliver uplift initiatives.
• Plan and execute the operationalization of any policy change.
• Review and ensure AML control effectiveness in various business functions.
• Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer on-boarding and retention of customer relationships.
• Identify and propose to business units on areas of improvement to manage AML/CFT risks.
• Review new business initiatives for compliance to AML/CFT governance requirements.
• Conduct investigation into suspected ML/TF activities.
• Review audit findings from internal & external reviews to assess adequacy of controls and facilitate formulation of corrective actions.
• Participate in strategic AML projects and initiatives to advise on AML controls.
• Facilitate the gathering and provision of data/information to Management oversight.
• Plan and conduct Compliance Training to raise staff awareness on AML/CFT controls, trends and typologies.
• Prepare regular management reports to raise senior management awareness on the risk areas and exposure.
• Timely turnaround on regulatory RFIs and initiatives.
• Secretariat for AML governance forums.

Responsibilities

• Proficient in the Group AML/CFT policies and regulatory requirement
• Lead the AML Advisory team to effectively advise business on AML matters and deliver uplift initiatives
• Plan and execute the operationalization of any policy change
• Review and ensure AML control effectiveness in various business functions
• Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer on-boarding and retention of customer relationships
• Identify and propose to business units on areas of improvement to manage AML/CFT risks
• Review new business initiatives for compliance to AML/CFT governance requirements
• Conduct investigation into suspected ML/TF activities
• Review audit findings from internal & external reviews to assess adequacy of controls and facilitate formulation of corrective actions
• Participate in strategic AML projects and initiatives to advise on AML controls
• Facilitate the gathering and provision of data/information to Management oversight
• Plan and conduct Compliance Training to raise staff awareness on AML/CFT controls, trends and typologies
• Prepare regular management reports to raise senior management awareness on the risk areas and exposure
• Timely turnaround on regulatory RFIs and initiatives
• Secretariat for AML governance forums

Skills

AML/CFT knowledge

Regulatory awareness

Dashboard design

Risk indicators

Stakeholder collaboration

Education

Bachelor's Degree in Business Management or related fields

Job description

1011 United Overseas Bank Ltd in Singapore is seeking a seasoned AML/CFT expert to strengthen governance, controls and risk reporting across AML/CFT, sanctions and fraud. The role involves designing dashboards and key risk indicators to provide impact analysis, advisory and recommendations to business units for policy implementation.

You will lead the AML Advisory team, translate risk indicators into effective controls, and collaborate with business units to operationalize policy changes,