- Location
- The Gardens North Tower, Malaysia
- Workplace
- Onsite
- Type
- Full-time
- Seniority
- VP
- Experience
- 8+ years
- Education
- Bachelor
- Source
- Workday
Description
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 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.
Job Description
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 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.
About the department
UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.
As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.
UOB Group Wholesale Banking helps companies and institutions optimize their business operations and cash flow, manage risks, expand into new markets, and manage their capital needs by providing tailored financial solutions, services, and sector insights.
We help develop trusted relationships and partnerships by focusing on our clients’ long-term interests and helping them to meet their strategic objectives. Our unique combination of local, in-country presence and expertise, astute Asian market insights and regional network connectivity enables us to help unlock Asia’s potential for our clients.
Job Summary:**
As VP1, Wholesale AFC - CMB AML/KYC, you will play a critical role in ensuring UOB Innovation Hub 2 Sdn Bhd's compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations within the Commercial Banking (CMB) sector. This position involves managing and enhancing the AFC framework, identifying and mitigating financial crime risks, and leading a team to execute robust compliance strategies.
Job Responsibilities:**
* Develop, implement, and maintain comprehensive AML/KYC policies and procedures tailored to the CMB segment, in alignment with regulatory requirements and internal standards.
* Oversee the end-to-end KYC lifecycle for CMB clients, including onboarding, periodic reviews, and trigger events, ensuring timely and accurate completion.
* Conduct in-depth risk assessments and identify potential financial crime risks within CMB operations, proposing and implementing effective mitigation strategies.
* Manage and investigate suspicious transactions and activities, ensuring timely escalation and reporting to relevant authorities.
* Lead and mentor a team of AML/KYC professionals, fostering a culture of compliance, continuous improvement, and professional development.
* Collaborate with business units, legal, and compliance departments to ensure seamless integration of AFC requirements into business processes.
* Stay abreast of evolving AML/KYC regulations, industry best practices, and emerging financial crime typologies, adapting policies and procedures accordingly.
* Prepare and present regular reports on AFC performance, risk exposure, and compliance status to senior management and relevant committees.
* Participate in internal and external audits and regulatory inspections, providing necessary documentation and explanations.
Job Qualifications:**
* Bachelor's degree in Finance, Law, Business Administration, or a related field. Professional certifications (e.g., ACAMS, ICA) are highly desirable.
* Minimum of 8 years of experience in Anti-Financial Crime (AFC), with a strong focus on AML/KYC within the financial services industry, specifically commercial banking.
* Demonstrated expertise in regulatory requirements related to AML/KYC, including local and international standards.
* Proven experience in managing and leading teams, with strong leadership and mentoring skills.
* Excellent analytical, problem-solving, and decision-making abilities.
* Strong communication and interpersonal skills, with the ability to effectively engage with stakeholders at all levels.
* Proficiency in AML/KYC systems and tools, with an understanding of data analytics for financial crime detection.
* Ability to work independently and collaboratively in a fast-paced, dynamic environment.
Any other Ad hoc tasks
Additional Requirements
Be a Part of the UOB Family
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.
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