AML Investigation in Client Fulfillment & Service

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, Thailand and Vietnam, 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.
About the Department
The Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.
Job Responsibilities
- Team lead to lead the AFC team, to be divided into 2 main teams:
+ KYC for NTB, OGR & trigger
+ Name screening & detica, admin and support.
- Performing account / transaction reviews upon financial crime trigger events, which may include MAS enquiries, Group Compliance triggered reviews, account closures notifications by other Business Segments, filing of STRs, adverse news, fraud, Sanctions, Greylist reviews, etc;
- Providing recommendations on appropriate account strategies (retain / exit / file UAR / impose Hold Codes, etc) to mitigate identified AML/CFT concerns;
- Crafting detailed investigation memos to capture the findings and recommendations upon completion of the reviews;
- Assisting BUs to respond to various enquiries, which may originate from the local authorities or from correspondent banks, over clients which may pose AML/CFT concerns;
- Providing regular statistics and presentations for updating to Senior Management;
- Participating in ad-hoc assignments and projects, eg. audit, User Acceptance Testing etc when required;
- Providing advisory support to the BUs in AML/CFT-related matters;
- Providing guidance and mentorship to BUs and junior / less-experienced team members.