Senior Officer, Investigation Specialist, Financial Crime Investigations, Group Wholesale Banking

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

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.

We are looking for a passionate and inquisitive individual to join our Financial Crime Investigations Team (“the Team”) in Group Wholesale Banking’s Anti-Financial Crime Controls. As an investigation specialist, you will assume responsibilities to conduct comprehensive reviews on corporate customers establish if they pose any financial crime risks to Bank.

 

Responsibilities

• Conduct investigation / reviews on corporate entities for financial crime risks in accordance with legal, regulatory, and internal policies.

• Review account / transactions to establish any red flags on financial crime risks.

• Independently liaise with internal stakeholders (e.g. Relationship Managers and Business Units) and Bank’s customers to obtain clarification and corroboration on account / transactions.

• Compile and document case review findings and recommendations on appropriate account strategy to mitigate financial crime risks identified.

• Support Business Units to respond to financial crime related issues and queries from both internal and external stakeholders (including the authorities and correspondent banks).

• Ensure timely reporting and escalation of significant risk issues to management.

• Appraise management on investigations statistics and cases of interest.

• Actively participate in project work and IT initiatives (including actively participating in user acceptance testing) which relate to investigations to support BUs.

 

Job Requirements

The ideal candidate should possess the following qualities:

• Graduate Degree from a recognized university (preferably Accountancy, Banking, Economics or Law) or relevant professional qualification in financial services or audit.
• At least 3 years working experience in investigations and/or audit in Banks
• Strong investigative mindset and attention to details.
• Firm understanding of how Banks comply to MAS 626 Notice.
• Strong knowledge in business practices for SMEs, large corporations and financial institutions.
• In depth knowledge of financial crime red flags (including sanctions, tax evasion, misuse of legal persons, trade-based money laundering) and regulation.
• Familiar with various types of trade documents and INCOTERMS used in business.
• Team player with strong inter-personal and communication skills and ability to network, engage and influence business stakeholders independently.
• Excellent written report skills and skilled in MS office suites.

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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