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Assistant VP, Operations & Surveillance, Group Compliance

Full time at United Overseas Bank in Singapore
Posted on May 8, 2024

Job details

Assistant VP, Operations & Surveillance, Group Compliance Posting Date: 29 Apr 2024 Location: Singapore (City Area), SG, 048624 Company: United Overseas Bank Ltd

  • To ensure timely review of alerts from Group approved AML transaction monitoring system(s), escalations on suspicious AML/CFT activities from business/support units and cases arising from other relevant sources (e.g adverse news in media).
  • To ensure timely submission of suspicious activity/transactions reports to the relevant law enforcement authorities or Financial Intelligence Units as required by the AML/CFT legislative and regulatory requirements.
  • To support the Team Lead of Transaction Surveillance and Intelligence Unit in continuously strengthening and developing the transaction surveillance and intelligence framework within the UOB Group.
  • To provide relevant and emerging AML/CFT risk issues from analysis of suspicious activity/transactions reports submitted.
Key Responsibilities
  • Ensure reviews into the alerts triggered by Group approved AML transaction monitoring system(s), escalations on suspicious AML/CFT activities from business/support units and cases arising from other relevant sources (e.g adverse news in media) are in accordance to Group standards.
  • Prepare and submit suspicious activity/transactions reports to the relevant local law enforcement authorities or Financial Intelligence Units in accordance to AML/CFT legislative and regulatory requirements and Group standards.
  • Provide relevant advisories to business/support units and other AML/CFT teams on matters arising from reviews and investigations conducted by the unit.
  • Perform analysis of suspicious activity/transaction reports to identify AML/CFT risk trends to support appropriate actions to strengthen AML/CFT controls in the Group.
  • Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards.
  • Provide inputs and support to strengthen the transaction surveillance and intelligence operating framework and procedures across the Group.
Job Requirements
  • Minimum 5 years of experience in intelligence/investigation related work
  • Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems.
  • Strong Interpersonal, communication and presentation skills.
  • Experience intelligence/investigation-related work.
  • Excellent analytical and problem-solving skills.

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