VP, Anti-Financial Crimes & Anti-Money Landering Advisory (Group Retail), Group Compliance | Si[...]

United Overseas Bank; Singapore; On-site; SGD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a VP for Anti-Financial Crimes & Anti-Money Laundering Advisory. This role involves leading compliance initiatives, conducting reviews of high-risk customers, and ensuring effective AML controls. The ideal candidate will have a strong background in AML compliance, excellent research and analytical skills, and the ability to work under pressure. Join a dynamic team where your expertise will contribute to the company's compliance strategy and help mitigate financial crime risks in a rapidly evolving regulatory landscape.

Qualifications

• Minimum 7 years of experience in AML/CFT/Sanction compliance.
• Ability to work effectively under pressure in a dynamic environment.

Responsibilities

• Support AML Advisory team in compliance agenda and high-risk customer reviews.
• Provide SME advice on AML/CFT procedures and monitor related laws.

Skills

Research Skills

Analytical Skills

Problem-Solving Skills

Interpersonal Skills

Education

Degree in Business or Banking/Financial Services

Professional AML-related Certification

Tools

Online Research Tools

Databases

Job description

VP, Anti-Financial Crimes & Anti-Money Laundering Advisory (Group Retail), Group Compliance

Posting Date: 2 Apr 2025

Location:
Raffles (City Area), SG, 048624

Company: United Overseas Bank Ltd

Job Responsibilities

The successful candidate will be part of the Group Compliance, AML Advisory (Group Retail) team and the key responsibilities are as follows:

• Support Team Lead, AML Advisory (Group Retail) in delivering and support GC's compliance agenda / book of work.
• Conduct review of high-risk customer (Retail and Private Banking) or escalated cases (due to STRs, trigger events, adhoc requests etc) and highlights areas of ML/TF concerns to Business.
• As the subject matter expert, this individual will provide advice/collaborate with Business and Business Risk & Control Management in the development and review of AML controls, processes and procedures to ensure risks are effectively identified and mitigated.
• Reviews and contributes to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk-based approach.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitors development on related AML/CFT laws, regulations and risk trends.
• Handles request from MAS, assurance, internal and external audits.
• Provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Team Lead, AML Advisory (Group Retail) from time to time.

Job Requirements

The successful candidate will be part of the Group Compliance, AML Advisory (Group Retail) team and the key requirements are as follows:

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 7 years of relevant work experience preferably in AML/CFT/Sanction compliance function with focus on private banking/retail banking will be an advantage.
• Excellent research skill including experience with online research tools and databases.
• Ability to work effectively, under pressure, in a rapidly changing environment, as well as autonomously and as an effective member of a dynamic team.
• A team player, possesses good interpersonal, analytical and problem-solving skills.
• Having a professional AML-related certification.