Transaction Surveillance Manager (AVP)

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 Department
The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today's tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.
Overview of role
Support AFC Investigation & Intelligence Head responsible for handling AML and AFC related tasks; to ensure compliance with all relevant Anti-Money Laundering regulations and laws and group policies; Establish and maintain a compliance infrastructure appropriate for the operation in Vietnam and conduct compliance verifications/monitoring programs of appropriate scope and nature to ensure that compliance controls are operating effectively, according to regulatory, and Group requirements.
Job Description
Strategic leadership
• Analyze large data sets to discover transactional pattern, examine financial data and filter for targeted information using traditional as well as advanced analytical methodologies. Conduct further investigation into reports of suspected money laundering activities and to provide recommendations to Country Head of Compliance/AFC I&I Head on the validity, the timeliness and the need for reporting to relevant authorities, where appropriate; ensure a speedy and appropriate reaction to any matter in which money laundering or terrorist is suspected; other AML and sanction related tasks as assigned by Country Head of Compliance/AFC I&I Head where applicable.
• Oversee and conduct special and complex AML/CFT/Sanction/Fraud related investigations across multiple business units in Vietnam and across the UOB Group;
• Lead and carry out intelligence and typology driven investigations. Develop financial crime intelligence proactively to identify and address financial crime threats that have an impact to UOB Group. Deliver analysis and reports that articulates to Head of Compliance; Produce regular management information reports for financial crime governance purposes.
• Collaborate with law enforcement and other banks to address large scale or sensitive financial crimes including ML
& TF/Fraud.
• Collaborate with regional AFC teams to address significant financial crime risk and threats. Handling Group and regulatory reports in accordance with local regulations and group compliance. Tracking management's resolution of outstanding audit and inspection issues on AML/CFT/Sanctions/Fraud.
• Implement AFC-related projects and processes for continuous monitoring of the Bank AML/CFT/Sanction/Fraud activities.
• Review and calibrate (where applicable) parameters/thresholds for continuous monitoring of the Bank's customers 'activities.
• Proactively engage local enforcement agencies to ensure that the investigation standards and processes are aligned to regulatory requirements and expectations especially in the filling of STR.
• Other Compliance tasks assigned by Compliance Head/AFC Investigation & Intelligence Head where require.
Senior Management engagement
• Keep abreast of the latest regulations and trends in AFC and investigative techniques.
• Support Senior Reviewers in documenting best practices and emerging intelligence on AFC trends and evolution, including emerging AFC/AML typologies in corridors or areas where UOB has a presence.
Team and capacity management
• Support user acceptance testing for AFC models developed/acquired by the bank and provide robust feedback from an end-user perspective to the relevant teams on model performance.
• Work to identify pattens and behaviours for wider intelligence-led thematic investigations.
• Identify inefficiencies in current investigative processes and provide feedback to Senior Reviewers to drive operational excellency within complex investigations team.
• Support the refinement of complex investigative processes based on new typologies/red flags or new business requirements or feedback received from relevant stakeholders such as the business and Group Compliance
• Support Senior Reviewers in executing special projects as needed.