Anti Money Laundering jobs in Singapore

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Posting Date: 27 May 2025

Location:

Singapore (City Area), SG, 048624

Company: United Overseas Bank Ltd

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.

TheRetailfunction provides Personal and Business Banking customers with financial solutions tailored to their needs. We help them manage their money wisely and meet their financial goals through an extensive range of products and services. These include deposit, insurance, secured and unsecured loans, investment and wealth advisory services.

We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations.

The COO Office has Business Risk & Control teams across various risk types, acting as safeguard for the business

You will be part of the Anti-Financial Crime team within Group Retail that covers a range of banking segments and products. As we continually build on our foundation of strong governance and control, you will be charged with ensuring that the governance and controls framework is applied and tested for assurance, in addition to creating additional risk awareness, an ethical culture and professionalism within our workforce.

You are a competent subject matter expert in the area of anti-money laundering, countering the financing of terrorism, sanctions and fraud. As a seasoned practitioner, you are at the forefront of regulatory developments in these areas where you will be able to design and conceptualise dashboards and key risk indicators to provide impact analysis, interpretation, advisory and recommendations to Business Units for the implementation of AML related policies and practices. You will suggest recommendations to sharpen our risk awareness and provide solutioning on how to manage any emerging areas for improvement / risks / trends.

You are a team player and able to effectively collaborate with the business to build an efficient environment for Compliance and Audit to effectively operationalize their requirements. You can enhance the design of the existing framework to provide an effective testing framework to provide assurance to the senior management on the effective controls. Additionally, the senior management will look to you to translate key risk indicators for the effective management.

• 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
• 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

• Bachelor’s Degree in Business Management or related fields
• Working knowledge of MAS 626 Regulations and Guidelines
• Relevant 15 or more years of working experience with at least 10 years in AML/CFT/Sanctions or relevant Audit or Regulatory experience• ACAMs certification and prior experience in AML system and process design is preferred
• Resourceful, meticulous, analytical with strong interpersonal and communication skills
• Proficient in Microsoft office suite of applications
• Use of analytical tools such as Power BI, Qilkview is an advantage

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.